Abstract:

Commodity prices, External shocks, Commodity price fluctuations, Monetary policy, Fiscal policy, Transparency, Economic models, imperfect credibility., inflation, central bank, monetary policy transparency, monetary authority, monetary policy rule, aggregate demand, terms of trade, monetary transparency, monetary economics, relative price, monetary stance, price elasticity, monetary fund, loose monetary policy, inflation targeting, inflation targeting regime, steady-state inflation, inflation-targeting, money demand, monetary regime, price level, optimal monetary policy, change in inflation, terms of trade shocks, foreign currency, monetary policies, real wages, monetary policy operating pro