Monetary Policy and Food Inflation in Emerging and Developing Economies

This book focuses on the impact of monetary policy and food price volatility and inflation in emerging and developing economies.

The tendency for food price volatility to blot inflation forecasting accuracy, engender tail dynamics in the overall inflation trajectory and derail economic welfare is well known in the literature. The ability of monetary policy to exact stability in food prices, theoretically, has also been well espoused. The empirical evidence, however, is not only in short sup...