TY - BOOK AU - Ötker,Inci AU - Giustiniani,Alessandro AU - Habermeier,Karl F. AU - Ishi,Kotaro AU - Jácome,Luis Ignacio AU - Kisinbay,Turgut AU - Vazquez,Francisco F. AU - Vávra,David TI - Inflation Pressures and Monetary Policy Options in Emerging and Developing Countries-A Cross Regional Perspective T2 - IMF Working Papers; Working Paper SN - 1451871481 : SN - 1018-5941 PY - 2009/// CY - Washington, D.C. PB - International Monetary Fund KW - Aggregate Demand KW - imf KW - Central Bank KW - Food Price Shocks KW - Oil Price Shocks KW - Policy Responses KW - Brazil KW - Bulgaria KW - Colombia KW - Romania KW - Turkey N2 - This paper analyzes the monetary policy response to rising inflation in emerging and developing countries associated with the food and oil price shocks in 2007 and the first half of 2008. It reviews inflation developments in a sample of countries covering all regions and a broad range of monetary and exchange rate policy regimes; discusses the underlying causes of inflation; provides a synthesis of policy responses taken against the background of the conflicting objectives and trade-offs, the uncertainties regarding the nature of the shocks, and the additional challenges brought on by the global financial turmoil; and presents considerations for policy UR - http://elibrary.imf.org/view/IMF001/09751-9781451871487/09751-9781451871487/09751-9781451871487.xml UR - http://www.imfbookstore.org/IMFORG/9781451871487 ER -