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We use two approaches to examine the macroeconomic consequences of disruptions in global food commodity markets. First, we embed a novel quarterly composite global production index for the four basic staples (corn, wheat, rice and soybeans) in a standard vector autoregression (VAR) model, and we...
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, malnutrition, and social and political upheaval around the world. Endless Appetites explores how "food security," the availability …
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Since 2006, global prices and price volatility for foodgrain commodities have spiked frequently and dramatically. Such … effects on world markets prior to 2006. We then focus on new causal mechanisms that have emerged since 2006, sourced with … interacted with each other and with biofuel policies in the rest of the world. This assessment focuses on the role of such …
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The food price crisis revealed contradictions in creating food policy. Much of the common policy response can be explained by a benevolent, unitary government. To understand the variance between countries, however, requires understanding fractured government decision-making, path dependency, and...
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