Kabundi, Alain; Mlachila, Montfort; Yao, Jiaxiong - 2022
long run, the dominant monetary policy paradigm of flexible inflation targeting faced with supply-induced climate shocks … shocks on inflation depends on the type and intensity of shocks, country income level, and monetary policy regime …. Specifically, droughts tend to have the highest overall positive impact on inflation, reflecting rising food prices. Interestingly …