Espitia, Alvaro; Rocha, Nadia; Ruta, Michele - 2020
This paper analyzes the impact of Covid-19 and uncooperative trade policies on world food markets. It quantifies the … percent on average. Escalating export restrictions would multiply the initial shock by a factor of 3, with world food prices … domestic food markets could magnify the initial shock. The analysis shows that, in the quarter following the outbreak of the …