We use two approaches to examine the macroeconomic consequences of disruptions in global food commodity markets. First …) in a standard vector autoregression (VAR) model, and we estimate the dynamic effects of global food commodity supply … shocks on the US economy. As an alternative, we also estimate the consequences of thirteen narratively identified global food …

Fuels Mandate. This paper examines the distributional effects of the U.S. mandate on India. First, we use a model with … endogenous land use to estimate the effect of biofuel policy on the world price of food commodities, in particular rice, wheat …, sugar and meat and dairy, which provide almost 70% of Indian food calories. We obtain world price increases of the order of …

This paper studies the relationship between export policy and food prices. We show that, when individuals are loss … 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 …

We study how precipitation has affected food consumer price inflation (CPI), using dynamic panel estimation of food CPI …. We allow for nonlinear effects of precipitation on food CPI inflation, and also control for possible nonlinear effects of … temperature. We find that precipitation has significant nonlinear effects on food CPI inflation. The coefficient of food CPI …

. (2023) to estimate global food price mean and volatility indicators, the latter measuring uncertainty and risk in the global … food market. Both are then included in structural VAR models to examine their effects on domestic food price inflation for … a range of countries with different food shares in total consumption and in the CPI basket. Next, counterfactual …