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Inflación de alimentos en Perú: El rol de la política monetaria

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  • Joao Ribeiro

    (Universidad Peruana de Ciencias Aplicadas, Perú)

Abstract

Food inflation in Peru has a significant influence on total inflation, so the presence of second-round effects on core inflation may be high. This paper estimates the size of these second-round effects using a general equilibrium model for the Peruvian economy. The results indicate the absence of a significant second round effect on Peruvian inflation, given that food inflation does not play any role in the formation of inflation expectations and in the determination of wages.

Suggested Citation

  • Joao Ribeiro, 2019. "Inflación de alimentos en Perú: El rol de la política monetaria," Revista de Analisis Economico – Economic Analysis Review, Universidad Alberto Hurtado/School of Economics and Business, vol. 34(2), pages 81-98, October.
    • Handle: RePEc:ila:anaeco:v:34:y:2019:i:2:p:81-98
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    Cited by:

    1. Miguel Ángel Echarte Fernández & Sergio Luis Náñez Alonso & Javier Jorge-Vázquez & Ricardo Francisco Reier Forradellas, 2021. "Central Banks’ Monetary Policy in the Face of the COVID-19 Economic Crisis: Monetary Stimulus and the Emergence of CBDCs," Sustainability, MDPI, vol. 13(8), pages 1-18, April.

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    More about this item

    Keywords

    Monetary policy; forecasting; food inflation; Peru;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F47 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Forecasting and Simulation: Models and Applications
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development

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