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We study how two aspects of food insecurity - caloric insufficiency and diet composition - are affected by aggregate economic fluctuations. The use of cross-country panel data allows us to adopt a global prospective on the identification of the macroeconomic determinants of food insecurity....
Persistent link: https://www.econbiz.de/10013306746
This paper analyzes the domestic and external drivers of local staple food prices in Sub-Saharan Africa. Using data on domestic market prices of the five most consumed staple foods from 15 countries, this paper finds that external factors drive food price inflation, but domestic factors can...
Persistent link: https://www.econbiz.de/10014079900
This paper studies the impact of the level and volatility of the commodity terms of trade on economic growth, as well … of trade growth enhances real output per capita, volatility exerts a negative impact on economic growth operating mainly … trade volatility offset the positive impact of commodity booms; and export diversification of primary commodity abundant …
Persistent link: https://www.econbiz.de/10013111408
-financial globalization. Both country- and industry-level resultssuggest that such policies have led on average to limited output gains while …
Persistent link: https://www.econbiz.de/10012918557
since declined, contributing negatively to world trade in 2019 and suggesting that the global market may now be saturated …
Persistent link: https://www.econbiz.de/10012829702
This paper examines the distributional impact of capital account liberalization. Using panel data for 149 countries from 1970 to 2010, we find that, on average, capital account liberalization reforms increase inequality and reduce the labor share of income in the short and medium term. We also...
Persistent link: https://www.econbiz.de/10012999758
mitigate food inflation volatility …
Persistent link: https://www.econbiz.de/10012998792
This paper provides a broad brush look at the impact of fluctuations in global food prices on domestic inflation in a large group of countries. For advanced economies, we find that these fluctuations have played a significant role over the period from 1960 to the present, but the impact has...
Persistent link: https://www.econbiz.de/10013019007
How should monetary policy respond to large fluctuations in world food prices? We study this question in an open … response to world food price shocks. This exacerbates the policy trade-off between stabilizing output prices vis a vis the real …
Persistent link: https://www.econbiz.de/10013080467
The surge in energy and food prices, which was amplified by Russia’s invasion of Ukraine, has prompted a flurry of policy responses by countries during 2022. The aim of these policy responses was to mitigate social and economic impact of higher prices. In this paper we document announcements...
Persistent link: https://www.econbiz.de/10014351358