World Inflation And The Developing Countries

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Inflation in Emerging and Developing Economies

Author : Jongrim Ha
Publisher : World Bank Publications
ISBN 13 : 1464813760
Total Pages : 513 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Inflation in Emerging and Developing Economies by : Jongrim Ha

Download or read book Inflation in Emerging and Developing Economies written by Jongrim Ha and published by World Bank Publications. This book was released on 2019-02-24 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first comprehensive study in the context of EMDEs that covers, in one consistent framework, the evolution and global and domestic drivers of inflation, the role of expectations, exchange rate pass-through and policy implications. In addition, the report analyzes inflation and monetary policy related challenges in LICs. The report documents three major findings: In First, EMDE disinflation over the past four decades was to a significant degree a result of favorable external developments, pointing to the risk of rising EMDE inflation if global inflation were to increase. In particular, the decline in EMDE inflation has been supported by broad-based global disinflation amid rapid international trade and financial integration and the disruption caused by the global financial crisis. While domestic factors continue to be the main drivers of short-term movements in EMDE inflation, the role of global factors has risen by one-half between the 1970s and the 2000s. On average, global shocks, especially oil price swings and global demand shocks have accounted for more than one-quarter of domestic inflation variatio--and more in countries with stronger global linkages and greater reliance on commodity imports. In LICs, global food and energy price shocks accounted for another 12 percent of core inflation variatio--half more than in advanced economies and one-fifth more than in non-LIC EMDEs. Second, inflation expectations continue to be less well-anchored in EMDEs than in advanced economies, although a move to inflation targeting and better fiscal frameworks has helped strengthen monetary policy credibility. Lower monetary policy credibility and exchange rate flexibility have also been associated with higher pass-through of exchange rate shocks into domestic inflation in the event of global shocks, which have accounted for half of EMDE exchange rate variation. Third, in part because of poorly anchored inflation expectations, the transmission of global commodity price shocks to domestic LIC inflation (combined with unintended consequences of other government policies) can have material implications for poverty: the global food price spikes in 2010-11 tipped roughly 8 million people into poverty.

World Inflation and the Developing Countries

Author : William R. Cline
Publisher : Washington, D.C. : Brookings Institution
ISBN 13 : 9780815714675
Total Pages : 266 pages
Book Rating : 4.7/5 (146 download)

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Book Synopsis World Inflation and the Developing Countries by : William R. Cline

Download or read book World Inflation and the Developing Countries written by William R. Cline and published by Washington, D.C. : Brookings Institution. This book was released on 1981-01-01 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Global Productivity

Author : Alistair Dieppe
Publisher : World Bank Publications
ISBN 13 : 1464816093
Total Pages : 552 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Global Productivity by : Alistair Dieppe

Download or read book Global Productivity written by Alistair Dieppe and published by World Bank Publications. This book was released on 2021-06-09 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD

Inflation and the Use of Indexing in Developing Countries

Author : G. Donald Jud
Publisher : Praeger Publishers
ISBN 13 :
Total Pages : 248 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Inflation and the Use of Indexing in Developing Countries by : G. Donald Jud

Download or read book Inflation and the Use of Indexing in Developing Countries written by G. Donald Jud and published by Praeger Publishers. This book was released on 1978 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph on developing country use of indexation applied to domestic economy and to international trade in primary commoditys and in response to global inflation - examines the theoretical rationale for indexation, discusses its comprehensive and selective use in Brazil, Chile, Argentina and Colombia in relation to wages, taxes, exchange rates and capital market instruments, considers both developing and developed country economic implications, and comments on the future of indexation. Bibliography pp. 195 to 220 and graphs.

World inflation and developing countries

Author :
Publisher :
ISBN 13 :
Total Pages : 266 pages
Book Rating : 4.:/5 (981 download)

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Book Synopsis World inflation and developing countries by :

Download or read book World inflation and developing countries written by and published by . This book was released on 1981 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Estimating The Inflation–Growth Nexus—A Smooth Transition Model

Author : Mr.Raphael A. Espinoza
Publisher : International Monetary Fund
ISBN 13 : 1451982194
Total Pages : 24 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Estimating The Inflation–Growth Nexus—A Smooth Transition Model by : Mr.Raphael A. Espinoza

Download or read book Estimating The Inflation–Growth Nexus—A Smooth Transition Model written by Mr.Raphael A. Espinoza and published by International Monetary Fund. This book was released on 2010-03-01 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Motivated by the global inflation episode of 2007-08 and concern that high levels of inflation could undermine growth, this paper uses a panel of 165 countries and data for 1960-2007 to revisit the nexus between inflation and growth. We use a smooth transition model to investigate the speed at which inflation beyond a threshold becomes harmful to growth, an important consideration in the policy response to rising inflation as the world economy recovers. We estimate that for all country groups (except for advanced countries) inflation above a threshold of about 10 percent quickly becomes harmful to growth, suggesting the need for a prompt policy response to inflation at or above the relevant threshold. For the advanced economies, the threshold is much lower. For oil exporting countries, the estimates are less robust, possibly reflecting heterogeneity among oil producers, but the effect of higher inflation for oil producers is found to be stronger.

Inflation Co-Movement in Emerging and Developing Asia: The Monsoon Effect

Author : Patrick Blagrave
Publisher : International Monetary Fund
ISBN 13 : 1498326323
Total Pages : 28 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Inflation Co-Movement in Emerging and Developing Asia: The Monsoon Effect by : Patrick Blagrave

Download or read book Inflation Co-Movement in Emerging and Developing Asia: The Monsoon Effect written by Patrick Blagrave and published by International Monetary Fund. This book was released on 2019-07-11 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Co-movement (synchronicity) in inflation rates among a set of 13 emerging and developing countries in Asia is shown to be strongest for the food component, partly due to common rainfall shocks—a result which the paper terms the ‘monsoon effect.’ Economies with higher trade integration and co-movement in nominal effective exchange rates also experience greater food-inflation co-movement. By contrast, cross-country co-movement in core inflation is weak and the aforementioned determinants have little explanatory power, suggesting a prominent role for idiosyncratic domestic factors in driving core inflation. In the context of the growing literature on the globalization of inflation, these results suggest that common weather patterns are partly responsible for any role played by a so-called ‘global factor’ among inflation rates in emerging and developing economies, in Asia at least.

A Decade after the Global Recession

Author : M. Ayhan Kose
Publisher : World Bank Publications
ISBN 13 : 1464815283
Total Pages : 475 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis A Decade after the Global Recession by : M. Ayhan Kose

Download or read book A Decade after the Global Recession written by M. Ayhan Kose and published by World Bank Publications. This book was released on 2021-03-19 with total page 475 pages. Available in PDF, EPUB and Kindle. Book excerpt: This year marks the tenth anniversary of the 2009 global recession. Most emerging market and developing economies weathered the global recession relatively well, in part by using the sizable fiscal and monetary policy ammunition accumulated during prior years of strong growth. However, their growth prospects have weakened since then, and many now have less policy space. This study provides the first comprehensive stocktaking of the past decade from the perspective of emerging market and developing economies. Many of these economies have now become more vulnerable to economic shocks. The study discusses lessons from the global recession and policy options for these economies to strengthen growth and prepare for the possibility of another global downturn.

The Great Inflation

Author : Michael D. Bordo
Publisher : University of Chicago Press
ISBN 13 : 0226066959
Total Pages : 545 pages
Book Rating : 4.2/5 (26 download)

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Book Synopsis The Great Inflation by : Michael D. Bordo

Download or read book The Great Inflation written by Michael D. Bordo and published by University of Chicago Press. This book was released on 2013-06-28 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.

Inflation Pressures and Monetary Policy Options in Emerging and Developing Countries—A Cross Regional Perspective

Author : Mr.Luis Ignacio Jácome
Publisher : International Monetary Fund
ISBN 13 : 1451871481
Total Pages : 80 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Inflation Pressures and Monetary Policy Options in Emerging and Developing Countries—A Cross Regional Perspective by : Mr.Luis Ignacio Jácome

Download or read book Inflation Pressures and Monetary Policy Options in Emerging and Developing Countries—A Cross Regional Perspective written by Mr.Luis Ignacio Jácome and published by International Monetary Fund. This book was released on 2009-01-01 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the monetary policy response to rising inflation in emerging and developing countries associated with the food and oil price shocks in 2007 and the first half of 2008. It reviews inflation developments in a sample of countries covering all regions and a broad range of monetary and exchange rate policy regimes; discusses the underlying causes of inflation; provides a synthesis of policy responses taken against the background of the conflicting objectives and trade-offs, the uncertainties regarding the nature of the shocks, and the additional challenges brought on by the global financial turmoil; and presents considerations for policy.

Global Economic Prospects, June 2021

Author : World Bank
Publisher : World Bank Publications
ISBN 13 : 1464816662
Total Pages : 339 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Global Economic Prospects, June 2021 by : World Bank

Download or read book Global Economic Prospects, June 2021 written by World Bank and published by World Bank Publications. This book was released on 2021-08-03 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development. Prominent among the necessary policies are efforts to lower trade costs so that trade can once again become a robust engine of growth. This year marks the 30th anniversary of the Global Economic Prospects. The Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.

The World Economy in Crisis

Author : Lorie Tarshis
Publisher : James Lorimer & Company
ISBN 13 : 9780888626257
Total Pages : 212 pages
Book Rating : 4.6/5 (262 download)

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Book Synopsis The World Economy in Crisis by : Lorie Tarshis

Download or read book The World Economy in Crisis written by Lorie Tarshis and published by James Lorimer & Company. This book was released on 1984-01-01 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lorie Tarshis held that much of the economic suffering in the 1970s was not necessary, that the crisis could have been easily eased had it not been for governments' faulty diagnoses and poorly-designed prescriptions. Faced with increasingly serious energy shortages, economic slowdowns, rising unemployment and skyrocketing Third World debt, Western governments responded with inflation-fighting policies left over from the Second World War that served only to exaccerbate the situation. In this book Tarshis recommended an overall strategy to confront these problems without resorting to the stopgaps then in vogue with government decision makers. World Economy in Crisis offers an acute diagnosis of the pervasive malaise facing the world economy in the 1970s, and a critical perspective on contemporary official responses to it.

World Economic Outlook, April 2007

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
ISBN 13 : 158906626X
Total Pages : 323 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis World Economic Outlook, April 2007 by : International Monetary Fund. Research Dept.

Download or read book World Economic Outlook, April 2007 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2006-09-19 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF’s World Economic Outlook is packed with country specific facts, figures, and worldwide projections that present the outlook for growth, inflation, trade, and other economic developments in a clear, practical format. Leading international economists pull together the latest data on key topics, producing informed projections and policy analyses that show where the global economy is headed in the years to come. Business executives, policymakers, bankers, investors, marketing strategists, and economists worldwide refer to the WEO with confidence because it delivers a balanced view of the current economic situation, built upon the respected and extensive macroeconomic expertise and statistical resources of the IMF. The WEO is the product of a unique international exercise in information gathering and analysis performed by over 1,000 economists on the IMF staff. An annual subscription to the World Economic Outlook, published at least twice a year in English, French, Spanish, and Arabic, offers a comprehensive assessment of the international economic situation as well as prospects for the future. With its analyses backed by the expertise and unparalleled resources of the IMF, the World Economic Outlook is the authoritative reference in its field. Today, when even small economic fluctuations can trigger major financial swings, the WEO supplies a solid source of actionable information and data.

The Scope for Inflation Targeting in Developing Countries

Author : Mr.Paul R. Masson
Publisher : International Monetary Fund
ISBN 13 : 145185515X
Total Pages : 54 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis The Scope for Inflation Targeting in Developing Countries by : Mr.Paul R. Masson

Download or read book The Scope for Inflation Targeting in Developing Countries written by Mr.Paul R. Masson and published by International Monetary Fund. This book was released on 1997-10-01 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inflation targeting (IT) serves as monetary policy framework in several advanced economies, where it has enhanced policy transparency and accountability. The paper considers its wider applicability to developing countries. The prerequisites for a successful IT framework are identified as an ability to carry out an independent monetary policy (free of fiscal dominance or commitment to another nominal anchor, like the exchange rate) and a quantitative framework linking policy instruments to inflation. These prerequisites are largely absent among developing countries, though several of them could with some further institutional changes and an overriding commitment to low inflation make use of an IT framework.

World Economic Outlook, October 2020

Author : International Monetary Fund. Research Dept.
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781513556055
Total Pages : 203 pages
Book Rating : 4.5/5 (56 download)

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Book Synopsis World Economic Outlook, October 2020 by : International Monetary Fund. Research Dept.

Download or read book World Economic Outlook, October 2020 written by International Monetary Fund. Research Dept. and published by INTERNATIONAL MONETARY FUND. This book was released on 2020-10-13 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy is climbing out from the depths to which it had plummeted during the Great Lockdown in April. But with the COVID-19 pandemic continuing to spread, many countries have slowed reopening and some are reinstating partial lockdowns to protect susceptible populations. While recovery in China has been faster than expected, the global economy’s long ascent back to pre-pandemic levels of activity remains prone to setbacks.

What Measure of Inflation Should a Developing Country Central Bank Target?

Author : Rahul Anand
Publisher : International Monetary Fund
ISBN 13 : 1513572571
Total Pages : 37 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis What Measure of Inflation Should a Developing Country Central Bank Target? by : Rahul Anand

Download or read book What Measure of Inflation Should a Developing Country Central Bank Target? written by Rahul Anand and published by International Monetary Fund. This book was released on 2015-09-23 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: In closed or open economy models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. We analyze this result in the context of developing economies, where a large proportion of households are credit constrained and the share of food expenditures in total consumption expenditures is high. We develop an open economy model with incomplete financial markets to show that headline inflation targeting improves welfare outcomes. We also compute the optimal price index, which includes a positive weight on food prices but, unlike headline inflation, assigns zero weight to import prices.

The Long Shadow of Informality

Author : Franziska Ohnsorge
Publisher : World Bank Publications
ISBN 13 : 1464817545
Total Pages : 397 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis The Long Shadow of Informality by : Franziska Ohnsorge

Download or read book The Long Shadow of Informality written by Franziska Ohnsorge and published by World Bank Publications. This book was released on 2022-02-09 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt: A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging market and developing economies. This may hold back the recovery in these economies from the deep recessions caused by the COVID-19 pandemic--unless governments adopt a broad set of policies to address the challenges of widespread informality. This study is the first comprehensive analysis of the extent of informality and its implications for a durable economic recovery and for long-term development. It finds that pervasive informality is associated with significantly weaker economic outcomes--including lower government resources to combat recessions, lower per capita incomes, greater poverty, less financial development, and weaker investment and productivity.