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commodity terms of trade shocks


Terms of Trade Shocks and Inflation Targeting in Emerging Market Economies

Seedwell Hove, Albert Touna Mama and Fulbert Tchana Tchana
Emerging market economies (EMEs) have persistently experienced different waves of commodity terms of trade disturbances, generating macroeconomic instabilities. The adoption of in‡flation targeting (IT) by many emerging market economies has raised the questions about its relative suitability in...
Mar 2012
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