value. In the long run, livestock exports are positively associated with nonfood inflation. In the short run, food price … movements are negatively associated with livestock exports: to help smooth income, lower food prices generate increased … livestock exports. Therefore, unable to export livestock, farmers may have flooded the local market with meat, lowering food …

This paper studies the relationship between trade policy and food prices. We show that, when individuals are loss … averse, governments may use trade policy to shield the domestic economy from large food price shocks. This creates a … complementarity between the price of food in international markets and trade policy. Specifically, unilateral actions give rise to a …

-high food inflation. This paper investigates the demand and supply factors behind the contribution of relative food inflation to … headline CPI inflation. It concludes that in the absence of a stronger food supply growth response, food inflation may exceed … non-food inflation by 2 1/2-3 percentage points per year. The sustainability of along-term inflation target of 4 percent …

This paper analyzes the domestic and external drivers of local staple food prices in Sub-Saharan Africa. Using data on … food price inflation, but domestic factors can mitigate these vulnerabilities. On the external side, our estimations show … that Sub-Saharan African countries are highly vulnerable to global food prices, with the pass-through from global to local …

We study how two aspects of food insecurity - caloric insufficiency and diet composition - are affected by aggregate … macroeconomic determinants of food insecurity. Income shocks are the most relevant driver of food insecurity, displaying high … elasticities at the early stages of economic development. The role of food price shocks is more limited. Social protection has a …