Investigating the periodicities of the Turkish food inflation with considering the subgroups

This paper examines the world commodity prices pass-through to food inflation in Morocco, over the period 2004-2018, by using Structural Vector Autoregression (SVAR) model on monthly data. Several interesting results are found from this study. First, the impact of global food prices on domestic food inflation is shown significant, which reflects the large imported component in the domestic food consumption basket. Second, the transmission effect is found to vary across commodities. Consumer prices of cereals and oils significantly and positively respond to external price shocks, while those of dairy and beverages are weakly influenced. Third, there is evidence of asymmetries in the pass-through from world to domestic food prices, where external positive shocks generate a stronger local prices response than negative ones. This situation is indicative of policy and market distortions, namely the subsidies, price controls, and weak competitive market structures. Our findings suggest that food price movements should require much attention in monetary policymaking, especially that the country has taken preliminary steps towards the adoption of floating exchange rate regime.

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Tracking the Transmission Channels of Fiscal Deﬁcit and Food Inﬂation Linkages: A Structural VAR Approach

Indian Journal of Economics and Development ◽

10.35716/ijed/19129 ◽

2020 ◽

pp. 165-172

Keyword(s):

Positive Impact ◽

Structural Var ◽

Fiscal Deficit ◽

Agricultural Industry ◽

Vector Autoregressive ◽

Transmission Channels ◽

Government Deficit ◽

Import And Export ◽

The Impact ◽

Food Inflation

This empirical analysis aspired to unearth the transmission channels of fiscal deﬁcit and food inﬂation linkages in the Indian perspective by reasonably exerting the data for 1991 to 2017. The precise results of structural vector autoregressive (SVAR) analysis proffered that there were three different mechanisms of transmission such as consumption, general inflation, and import channels that led to food inflation in response to the high fiscal deficit. The first channel revealed that government deﬁcit spending had a positive impact on income which further led to food inflation through surging the household consumption expenditure. It was concluded that ﬁscal deﬁcit passed through general inflation finally leading to a food price surge in the economy and seemed to work as cost-push inflation for the food and agricultural industry. The outcome also revealed that the impact of ﬁscal deﬁcit passed to food inflation through external linkages such as import and export.

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Food Inflation in Sub-Saharan Africa: Causes and Policy Implications

SSRN Electronic Journal ◽

10.2139/ssrn.2924352 ◽

2016 ◽

Author(s):

C. Emre Alper ◽

Niko Hobdari ◽

Ali Uppal

Keyword(s):

Policy Implications ◽

Sub Saharan Africa ◽

Sub Saharan ◽

Food Inflation

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Headline, core and food inflation in Emerging Asia, 2017-19

Economic Outlook for Southeast Asia, China and India - Economic Outlook for Southeast Asia, China and India 2020 ◽

10.1787/e7052221-en ◽

2019 ◽

Keyword(s):

Food Inflation

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IMPACT OF FOOD INDUSTRY MARKUPS ON SECTORIAL BUSINESS CYCLE AND FOOD INFLATION IN POLAND

Acta Scientiarum Polonorum - Oeconomia ◽

10.22630/aspe.2017.16.4.43 ◽

2017 ◽

Vol 16 (4) ◽

pp. 41-50

Author(s):

Szczepan Figiel ◽

Mariusz Hamulczuk ◽

Justyna Kufel-Gajda

Keyword(s):

Business Cycle ◽

Food Industry ◽

Positive Impact ◽

Food Sector ◽

Labor Share ◽

Var Analysis ◽

Cross Correlations ◽

Policy Measures ◽

Polish Economy ◽

Food Inflation

The main goal of this paper was to examine relationships between markups, output, and food inflation in the Polish food sector in the period 2000–2013. Levels of the monopolistic markups were calculated as an inversed labor share in the output value with a modification regarding overhead labor, whereas value of production was used as an indicator of sectorial business cycle. In order to analyze the relationships in question such methods as cross-correlations, Granger test, and VAR analysis were employed. It turned out that markups have behaved procyclically regarding the sectorial business cycle, and can be regarded as a lagged indicator for output and as a predictor for food inflation. A positive impact of the markups on the food inflation is likely to be one of the reasons for relatively weak joint changes of output and inflation, what may affect responses of the Polish economy to the monetary policy measures.

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