World Food Prices and Monetary Policy
---- Acknowledgements ----
We thank Pietro Cova, Gian Maria Millesi-Ferretti, Bianca de Paoli, Alan Sutherland, Carlos Vegh as well as seminar participants at the Bank of Italy, IADB, IMF, PUC-RJ, the 2009 meeting of the European Econometric Society, and the 2010 World Econometric Society Congress for discussions and comments on an earlier draft. We are also grateful to Marola Castillo for excellent research assistance, to Roberto Rigobon for sharing his food expenditure database with us, and last but not least, to the Research Department of the IADB, where much of this paper was written. The opinions expressed here are, however, the authors' alone and do not necessarily reflect those of any of the above institutions. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.