We introduce subsistence requirements in food consumption into a simple new-Keynesian model with flexible food and … sticky non-food prices. We study how the endogenous structural transformation that results from subsistence affects the … across the development spectrum, including the dominant role played by changes in the relative price of food in poor …

Global food aid is considered a critical consumption smoothing mechanism in many countries. However, its record of … stabilizing consumption has been mixed. This paper examines the cyclical properties of food aid with respect to food availability … transition economies, covering 1970 to 2000. The results show that global food aid has been allocated to countries most in need …

This paper attempts to assess the incremental external financing requirements occasioned by changes in world food … on estimates of changes in food prices due to the Round obtained in previous studies, and on detailed data on food trade … by country and commodity, the present study shows that the increase in net food import costs are likely to be smaller …

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 …

The exposure of low-income countries to natural disasters has a significant impact on food production and food security …. This paper provides a framework for assessing a country's vulnerability to food crisis in the event of natural disasters …-income countries to adverse external shocks are equally important for minimizing the occurrence of food crisis in the event of natural …

This paper examines the implications of elevated global food prices for inflation in select Central Asian economies … - Kazakhstan, the Kyrgyz Republic, Tajikistan, and Uzbekistan. The findings suggest that global food inflation has significant …