THE EFFECT OF FOOD PRICE ON TARGETED INFLATION IN SERBIA
The stability of market prices in the modern economy has gained primacy in the hierarchy of economic policy objectives. Thus, inflation targeting becomes a significant monetary policy instrument for a number of countries in the world. National Bank of Serbia, from mid-2006 onwards, has been impleme...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Naučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt
2011-12-01
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| Series: | Ekonomika Poljoprivrede (1979) |
| Subjects: | |
| Online Access: | https://www.ea.bg.ac.rs/index.php/EA/article/view/606 |
| _version_ | 1797825038076870656 |
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| author | Milan Milanović Marijana Ljubić Saša Muminović |
| author_facet | Milan Milanović Marijana Ljubić Saša Muminović |
| author_sort | Milan Milanović |
| collection | DOAJ |
| description |
The stability of market prices in the modern economy has gained primacy in the hierarchy of economic policy objectives. Thus, inflation targeting becomes a significant monetary policy instrument for a number of countries in the world. National Bank of Serbia, from mid-2006 onwards, has been implementing the monetary policy through the inflation targeting regime. Substantial geostrategic changes in the world, accompanied by economic and political turmoil, have caused abrupt increase in food and energy prices in recent years. Food prices in Serbia, have also had a pronounced dynamics. This paper focuses on a comparative review of trends in food prices globally and their impact on inflation, and provides a comparative analysis of multi-year trends in inflation and food prices in Serbia. The main objective of this paper is, in the context of indicated trends, to provide a analytical assessment of the impact of food prices on the targeted inflation (as a quality objective of central banks) in Serbia, as well as to define the instruments that could control such an inflationary impact.
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| first_indexed | 2024-03-13T10:48:13Z |
| format | Article |
| id | doaj.art-544bb8d3c7174742b55bd85e3f30803f |
| institution | Directory Open Access Journal |
| issn | 0352-3462 2334-8453 |
| language | English |
| last_indexed | 2024-03-13T10:48:13Z |
| publishDate | 2011-12-01 |
| publisher | Naučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt |
| record_format | Article |
| series | Ekonomika Poljoprivrede (1979) |
| spelling | doaj.art-544bb8d3c7174742b55bd85e3f30803f2023-05-17T16:59:44ZengNaučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, BukureštEkonomika Poljoprivrede (1979)0352-34622334-84532011-12-01584THE EFFECT OF FOOD PRICE ON TARGETED INFLATION IN SERBIAMilan Milanović0Marijana Ljubić1Saša Muminović2Мegatrend University, BelgradeМegatrend University, BelgradeJulon, d.d., Ljubljana, Slovenia, Member of the Aquafil Group The stability of market prices in the modern economy has gained primacy in the hierarchy of economic policy objectives. Thus, inflation targeting becomes a significant monetary policy instrument for a number of countries in the world. National Bank of Serbia, from mid-2006 onwards, has been implementing the monetary policy through the inflation targeting regime. Substantial geostrategic changes in the world, accompanied by economic and political turmoil, have caused abrupt increase in food and energy prices in recent years. Food prices in Serbia, have also had a pronounced dynamics. This paper focuses on a comparative review of trends in food prices globally and their impact on inflation, and provides a comparative analysis of multi-year trends in inflation and food prices in Serbia. The main objective of this paper is, in the context of indicated trends, to provide a analytical assessment of the impact of food prices on the targeted inflation (as a quality objective of central banks) in Serbia, as well as to define the instruments that could control such an inflationary impact. https://www.ea.bg.ac.rs/index.php/EA/article/view/606food pricestargeted inflationmonetary policySerbiaglobal market |
| spellingShingle | Milan Milanović Marijana Ljubić Saša Muminović THE EFFECT OF FOOD PRICE ON TARGETED INFLATION IN SERBIA Ekonomika Poljoprivrede (1979) food prices targeted inflation monetary policy Serbia global market |
| title | THE EFFECT OF FOOD PRICE ON TARGETED INFLATION IN SERBIA |
| title_full | THE EFFECT OF FOOD PRICE ON TARGETED INFLATION IN SERBIA |
| title_fullStr | THE EFFECT OF FOOD PRICE ON TARGETED INFLATION IN SERBIA |
| title_full_unstemmed | THE EFFECT OF FOOD PRICE ON TARGETED INFLATION IN SERBIA |
| title_short | THE EFFECT OF FOOD PRICE ON TARGETED INFLATION IN SERBIA |
| title_sort | effect of food price on targeted inflation in serbia |
| topic | food prices targeted inflation monetary policy Serbia global market |
| url | https://www.ea.bg.ac.rs/index.php/EA/article/view/606 |
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