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Titel
Global food prices and business cycle dynamics in an emerging market economy / Oliver Holtemöller; Sushanta Mallick
VerfasserHoltemöller, Oliver ; Mallick, Sushanta Kumar
ErschienenHalle (Saale) : Leibniz-Inst. für Wirtschaftsforschung - IWH, 2015 ; Halle, Saale : Universitäts- und Landesbibliothek Sachsen-Anhalt, 2015
UmfangOnline-Ressource (PDF-Datei: III, 26 S., 0,41 MB) : graph. Darst.
SpracheEnglisch
SerieIWH-Diskussionspapiere ; 2015,15
URNurn:nbn:de:gbv:3:2-48644 
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Global food prices and business cycle dynamics in an emerging market economy [0.41 mb]
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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.