regions into states of permanent crisis, even as the rest of the world has enjoyed unprecedented progress against poverty. …

Standard microeconomic methods consistently suggest that, in the short run, higher food prices increase poverty in … systematically test the relationship between changes in domestic food prices and changes in poverty. We find robust evidence that in … the long run (one to five years) higher food prices reduce poverty and inequality. The magnitudes of these effects vary …

For many years poverty reduction was the overarching welfare objective of a wide range of development institutions and … increasingly set for itself more specific welfare objectives by distinguishing between monetary poverty, food security, nutrition …