The recent spikes of global food prices induced a rapid increase in mass media coverage, public policy attention, and donor funding for food security, and for agriculture and rural poverty. This has occurred while the shift from "low" to "high" food prices has induced a shift in (demographic or...

Identifying business cycle stylised facts is essential as these often form the basis for the construction and validation of theoretical business cycle models. Furthermore, understanding the cyclical patterns in economic activity, and their causes, is important to the decisions of both...

Since Friedman (1953), an advantage often attributed to flexible exchange rate regimes over fixed regimes is their ability to insulate more effectively the economy against real shocks. I use a post-Bretton Woods sample (1973-96) of seventy-five developing countries to assess whether the...