volatility shocks have sizeable effects on food price inflation in all countries and persistent second-round effects on core … second-round effects is independent of the size of the response of domestic food inflation to global food price shocks. These …

volatility shocks have sizeable effects on food price inflation in all countries and persistent second-round effects on core … second-round effects is independent of the size of the response of domestic food inflation to global food price shocks. These …

Part I: The changing size of second-round effects -- 1. Introduction. 2. Policy implications of ERPT and ongoing … effects, remuneration per worker, exchange rate depreciation shock and inflation expectations -- 5. Second-round effects … debates -- 3. Second round effects, exchange rate depreciation, inflation and average wage settlements -- 4. Second round …