Andrle, Michal; Berg, Andrew; Morales, R. Armando; … - International Monetary Fund (IMF) - 2013
We develop a semi-structural new-Keynesian open-economy model, with separate food and non-food inflation dynamics, for … (or gaps)—including for the international and domestic relative price of food. Second, we use the filtration exercise to … last few years, with a special emphasis on the various factors (international food prices, monetary policy) driving …