Understanding the sources of domestic food price volatility in developing countries and the extent to which this volatility is transmitted from international to domestic markets is critical to help design better global, regional, and domestic policies to cope with excessive food price volatility...

The food price crisis of 2007-2008 and recent resurgence of food prices have focused increasing attention on the causes and consequences of food price volatility in international food markets and the developing world, particularly in Africa south of the Sahara. In this paper, we examine the...