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In the event of large swings in world food prices, countries often intervene to dampen the impact of international food price spikes on domestic prices and to lessen the burden of adjustment on vulnerable population groups. While individual countries can succeed at insulating their domestic...
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the regional shock plays a pivotal role in explaining the variations of domestic food prices, particularly at medium- to … long-term horizons. Contrary to conventional belief, the world food price shock contributes little to the dynamics of … world market. The short-run movements of domestic food prices are accounted for largely by the country's own shock. Taken …
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The dramatic global food price upsurges of 2007/2008 and the resurgence of 2010/2011 have kept the welfare effects of food price shocks at the epicentre of policy discussions worldwide. Studies have found heterogeneous impacts, but empirically little is known in Nigeria. The key objectives of...
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