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 …

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 …