Sentences with phrase «commodity price shocks»

Inflation in the 1970s was largely driven by commodity price shocks.

That is due to a combination of commodity price shocks, the lagged effects of a lower exchange rate and a worsening underlying productivity performance, and it has very important implications for fiscal policy.

there is a larger than anticipated impact of our financial crisis and deleveraging on potential output; there has been the global commodity price shocks, exacerbated here by our depreciated exchange rate; and, of course, there is the ongoing uncertainty in the eurozone which is now acknowledged to be having an impact on growth and investment across the world, from the US to China.

New York Fed economist Gauti Eggertsson contends that while the Fed of the 1930s was apt to overreact to commodity price shocks, nowadays we know how to take the occasional commodity price surge with the appropriate grain of salt.

Governing Council considered carefully the implications of the commodity price shock on potential output because it is important to gauging the outlook for inflation.

Corporate profit growth has accelerated, supported by stronger nominal GDP growth (domestic demand pick - up) and receding headwinds from the EM adjustment and commodity price shock of 2014 - 16.