This paper investigates the Philippine government's price stabilization policy for rice. Seemingly unrelated regressions are used to examine the effectiveness of the program at regional and national levels over a 21-year period (January 1983 to December 2003). Results of the regional analysis...

This study examines the performance of the National Food Authority (NFA) with respect to its function of price stability and implications for public finances, and recommends policy reforms where warranted. It finds that NFA has been unsuccessful in stabilizing producer prices, but relatively...

The price of rice at the retail level affects consumer welfare and influences inflation. The research objective was to study rice retail trader pricing behavior in traditional markets. This study employed an econometric model consisting of six equations of price spread between the retail market...

This study is inspired by the current debate on whether central banks, especially in the developing world, should pursue a single mandate or dual/multiple mandates. It examines the Bangladesh Bank’s (BB) aspiration to adopt a multiple mandates approach. These include, besides the objective of...

Under the Mundell-Fleming-Dornbusch (M-F-D) framework, the paper develops a stochastic model to study the optimal choice of RMB exchange rate regime based on two objectives, namely the exchange rate stabilization and price stabilization. The paper finds that different policy objectives will lead...

This paper studies measurement of welfare e¤ects, transient and permanent, of stabilizing or deregulating prices in Cobweb-like settings. As in Cobweb-models, producers must commit inputs in face of uncertainty. Here, however, we consider producers who are concerned with adaptations of inputs...

A transition to sustainable cocoa production requires an arrangement for ensuring international cocoa prices that allow farmers to invest in sustainable production methods. Historical experience suggests that such an arrangement should not depend on importing countries and should involve farmer...

Today there is no credible alternative facility available to a grower to meet the risks of price movements and the art of price risk management is unknown to the small growers. (In this entire report, the Task Force designates a grower upto 10ha of holding plantation land as a small grower). To...