Managing Global Growth Risks and Commodity Price Shocks: Vulnerabilities and Policy Challenges for Low-Income Countries: Vulnerabilities and Policy Challenges for Low-Income Countries

July 10, 2012

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Format: Chicago

Stefania Fabrizio. Managing Global Growth Risks and Commodity Price Shocks: Vulnerabilities and Policy Challenges for Low-Income Countries: Vulnerabilities and Policy Challenges for Low-Income Countries, (USA: International Monetary Fund, 2012) accessed December 24, 2024

Disclaimer: The views expressed herein are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

As part of its work to help low-income countries manage volatility, the IMF has developed an analytical framework for assessing vulnerabilities and emerging risks that arise from changes in the external environment. This paper draws on the results of the first vulnerability exercise for low-income countries conducted by the IMF staff using this new framework. It focuses on the risks of a downturn in global growth and of further global commodity price shocks and discusses related policy challenges. Chapters review recent macroeconomic developments, including the spike in global commodity prices in early 2012; assess current risks and vulnerabilities, including how a sharp downturn in global growth and further commodity price shocks would affect low-income countries; and discuss policy challenges in the face of these risks and vulnerabilities.

Subject: Commodity price shocks, Commodity prices, Fiscal policy, Fiscal space, Food prices, Inflation, Prices

Keywords: Asia and Pacific, Commodity price, Commodity price shocks, Commodity prices, DP, DPPP, Fiscal space, Food prices, Fuel price, Global, Headline inflation, IMF staff estimate, Inflation, Middle East, Middle East and Central Asia, Monetary policy, Nominal exchange rate, Price shock, Real interest rate, Sub-Saharan Africa

Publication Details

Pages:

86
Volume:

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DOI:

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Issue:

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Series:

Departmental Paper No 2012/004
Stock No:

MGGREA
ISBN:

9781616353773
ISSN:

2616-5333

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