Pourroy, Marc; Carton, Benjamin; Coulibaly, Dramane - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2012
The two episodes of food price surges in 2007 and 2011 have been particularly challenging for developing and emerging economies' central banks and have raised the question of how monetary authorities should react to such external relative price shocks. We develop a new-keynesian small...
