Uruguay : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

March 27, 2009

Electronic Access:

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Summary:

This Selected Issues paper quantifies the importance of international food and oil price inflation for Uruguayan inflation. The paper employs the vector autoregressive (VAR) model and Phillips-curve estimations techniques to address these questions. Similar estimations are carried out for a broader set of emerging markets to put the Uruguayan results into an international context. The paper examines spillovers from commodity price increases to measures of core inflation, and reveals that world food prices have had a strong but stable impact on Uruguay’s inflation.

Series:

Country Report No. 09/103

Subject:

English

Publication Date:

March 27, 2009

ISBN/ISSN:

9781451839432/1934-7685

Stock No:

1URYEA2009001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

30

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