price shocks, provides a useful opportunity to better understand the structure of inflation in these economies. Analysis of … that output is largely demand determined but inefficiencies on the supply side perpetuate inflation. Pro-cyclical policy … amplifies the negative impact of supply shocks on output. Inflation surges are reduced at high output cost while propagation …

price shocks, gives a useful opportunity to better understand the structure of inflation in these economies. Analysis of the … inefficiencies on the supply side perpetuate inflation. Procyclical policy amplifies the negative impact of supply shocks on output …. Inflation surges are reduced at high output cost while propagation mechanisms and well-intentioned administrative interventions …

Even though differences in sectoral total factor productivity are at the heart of Ricardian trade theory and many …