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On the First-Round Effects of International Food Price Shocks
			: the Role of the Asset Market Structure

On the First-Round Effects of International Food Price Shocks : the Role of the Asset Market Structure »

Volume/Issue: 2015/33

Series: IMF Working Papers

Author(s): Rafael Portillo , and Luis-Felipe Zanna

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 February 2015

DOI: http://dx.doi.org/10.5089/9781498333092.001

ISBN: 9781498333092

Keywords: Food Price Shocks, First-Round Effects, New-Keynesian Models, Asset Market Structure, food, price, market, prices, inflation, General

We develop a tractable small open-economy model to study the first-round effects of international food price shocks in developing countries. We define first-round effects as changes in headline inflation that, hold...

Trade Policy and Market Structure Interactions in Developing Countries

Trade Policy and Market Structure Interactions in Developing Countries »

Volume/Issue: 1989/91

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 October 1989

DOI: http://dx.doi.org/10.5089/9781451951639.001

ISBN: 9781451951639

Keywords: equation, free trade, imported inputs, perfect competition, trade regimes

This paper shows that the presence of quotas on imported inputs that are based on installed capacity can lead to capacity underutilization in manufacturing industries of developing countries. A replacement of such...