Food inflation in Peru: The role for monetary policy

Joao Ribeiro

doi:10.4067/S0718-88702019000200081

Food inflation in Peru: The role for monetary policy

Joao Ribeiro

Universidad Peruana de Ciencias Aplicadas

Research output: Contribution to journal › Article › peer-review

4 Scopus citations

Abstract

Food inflation in Peru has a significant influence on total inflation, so the presence of second-round effects on core inflation may be high. This paper estimates the size of these second-round effects using a general equilibrium model for the Peruvian economy. The results indicate the absence of a significant second round effect on Peruvian inflation, given that food inflation does not play any role in the formation of inflation expectations and in the determination of wages.

Translated title of the contribution	Inflacion de alimentos en Peru: El rol de la politica monetaria
Original language	English
Article number	00081
Pages (from-to)	81-98
Number of pages	18
Journal	Revista de Analisis Economico
Volume	34
Issue number	2
DOIs	https://doi.org/10.4067/S0718-88702019000200081
State	Published - 2019
Externally published	Yes

Keywords

Food inflation
Forecasting
Monetary policy
Peru

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10.4067/S0718-88702019000200081

Cite this

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title = "Food inflation in Peru: The role for monetary policy",

abstract = "Food inflation in Peru has a significant influence on total inflation, so the presence of second-round effects on core inflation may be high. This paper estimates the size of these second-round effects using a general equilibrium model for the Peruvian economy. The results indicate the absence of a significant second round effect on Peruvian inflation, given that food inflation does not play any role in the formation of inflation expectations and in the determination of wages.",

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AB - Food inflation in Peru has a significant influence on total inflation, so the presence of second-round effects on core inflation may be high. This paper estimates the size of these second-round effects using a general equilibrium model for the Peruvian economy. The results indicate the absence of a significant second round effect on Peruvian inflation, given that food inflation does not play any role in the formation of inflation expectations and in the determination of wages.

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KW - Forecasting

KW - Monetary policy

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Food inflation in Peru: The role for monetary policy

Abstract

Keywords

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