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Chapter 5. How Should Emerging Market and Low-Income Country Central Banks Respond to Commodity Price Shocks? »
Chapter
Source: Commodity Price Volatility and Inclusive Growth in Low-Income Countries
Series: Books
Author(s): Rabah Arezki , Catherine Pattillo , Marc Quintyn , and Min Zhu
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 24 October 2012
ISBN: 9781616353797
Keywords: hedging, fiscal policy, inflation, terms of trade, food prices
Introduction Over the last two decades, inflation targeting (IT)—in either an explicit or an implicit form—has become the monetary policy framework of choice for most advanced econom...
Chapter 8. What Is Inclusive Growth? »
Chapter
Source: Commodity Price Volatility and Inclusive Growth in Low-Income Countries
Series: Books
Author(s): Rabah Arezki , Catherine Pattillo , Marc Quintyn , and Min Zhu
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 24 October 2012
ISBN: 9781616353797
Keywords: hedging, fiscal policy, inflation, terms of trade, food prices
Introduction The purpose of this chapter is to define the meaning of the term “inclusive growth.” It is often used interchangeably with a suite of other terms, including “broad-based...
Chapter 7. Fiscal Policy for Commodity-Exporting Countries: Chile’s Experience »
Chapter
Source: Commodity Price Volatility and Inclusive Growth in Low-Income Countries
Series: Books
Author(s): Rabah Arezki , Catherine Pattillo , Marc Quintyn , and Min Zhu
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 24 October 2012
ISBN: 9781616353797
Keywords: hedging, fiscal policy, inflation, terms of trade, food prices
Introduction Chile, a small economy strongly integrated into world markets, is an important producer and exporter of commodities. Copper dominates its market: Chile has a one-third s...