In this paper, we empirically examine the effect of inflation targeting on the exchange rate pass-through to prices in emerging countries. We use a panel VAR that allows us to use a large dataset on twenty-seven emerging countries (fifteen inflation targeters and twelve inflation nontargeters)....

Since the 2008 global food crisis, and with the new price surge in 2010-2011, agricultural commodity markets have been at the heart of the world economic concerns. It is likely that several fundamental factors (crop failures, extreme weather events, biofuel development, emerging economies...