01914cas a2200277 a 4500 AALejournalIMF015312 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513542973 1018-5941 BD-DhAAL BD-DhAAL Furceri, Davide. Global Food Prices and Domestic Inflation : Some Cross-Country Evidence / Davide Furceri, Prakash Loungani, John Simon, Susan Wachter. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (34 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper provides a broad brush look at the impact of fluctuations in global food prices on domestic inflation in a large group of countries. For advanced economies, we find that these fluctuations have played a significant role over the period from 1960 to the present, but the impact has declined over time and become less persistent. We also find that the more recent global food price shocks occurred in the 2000s had a much bigger impact on emerging than on advanced economies. This larger impact could reflect the larger share of food in the consumption baskets in emerging economies on average than in advanced economies, and less anchored inflation expectations in emerging economies than in advanced economies. Mode of access: Internet Loungani, Prakash. Simon, John. Wachter, Susan. IMF Working Papers; Working Paper ; No. 2015/133 Full text available on IMF http://elibrary.imf.org/view/journals/001/2015/133/001.2015.issue-133-en.xml IMF e-Library