Uruguay: Selected Issues

March 27, 2009

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Format: Chicago

Uruguay: Selected Issues, (USA: International Monetary Fund, 2009) accessed November 21, 2024

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.

Subject: Credit, Credit booms, Food prices, Fuel prices, Inflation, Money, Prices

Keywords: Banco de la Republica Oriental del Uruguay, Core inflation, CR, Credit, Credit booms, Credit growth, Food prices, Fuel prices, GDP growth, Global, Headline inflation, Inflation, ISCR, Price, Shock scenario, Trade structure

Publication Details

Pages:

30
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/103
Stock No:

1URYEA2009001
ISBN:

9781451839432
ISSN:

1934-7685

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