Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/120901
Authors: 
Holtemöller, Oliver
Mallick, Sushanta
Year of Publication: 
2015
Series/Report no.: 
IWH Discussion Papers 15/2015
Abstract: 
This paper investigates a perception in the political debates as to what extent poor countries are affected by price movements in the global commodity markets. To test this perception, we use the case of India to establish in a standard SVAR model that global food prices influence aggregate prices and food prices in India. To further analyze these empirical results, we specify a small open economy New-Keynesian model including oil and food prices and estimate it using observed data over the period from 1996Q2 to 2013Q2 by applying Bayesian estimation techniques.
Subjects: 
commodity prices
food prices
New-Keynesian macroeconometric model
inflation
India
structural vector autoregressive model
JEL: 
C32
E31
Q02
Document Type: 
Working Paper

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