Giordani, Paolo E.; Rocha, Nadia; Ruta, Michele - 2021
averse, food exporters may use trade policy to shield the domestic economy from large price shocks. This creates a … complementarity between the price of food in international markets and export policy. Specifically, unilateral actions by exporting … countries give rise to a 'multiplier effect': when a shock in the international food market drives up (down) its price …