Food price inflation in Brazil in the twelve months to June 2008 was 18 percent, while overall inflation was 5.3 percent. This paper uses spatially disaggregated monthly data on consumer prices and two different household surveys to estimate the welfare consequences of these food price...

Russia's invasion of Ukraine has threatened global grain supplies as it reduces production and exports while increasing trade costs. While the overall share of Africa's trade with Ukraine and Russia is small, the concentration of imports in products such as wheat, other grains, and fertilizer is...

This paper reports the estimation and simulation of the Bernanke and Blanchard (2023) model on Belgian data. The model offers a consistent framework that ties together wage growth, inflation expectations and price inflation. It is used to study the surge and persistence of inflation in the...

Artículo de revista ; The global rise in food commodity prices is passing through strongly to the consumer prices that households pay for these products. Further, the current episode has seen a more widespread increase in food items than other historical periods of stress in these markets. The...

Rationale Food prices have lately grown at rates unprecedented in recent decades. A detailed comparative analysis of these developments and their determinants from an international perspective is therefore interesting, focusing especially on dairy and cereals, given their high weight in the...

This paper identifies eight political economy factors that influenced governments' policy choices during the most recent global food price crisis. To explain the variety of responses and the policy failures, a framework is proposed that locates policies along the twin dimensions of unitary vs....

This paper analyses how rising agricultural prices affect heterogenous farm production and access to inputs under credit market imperfections in the CEE transition countries. Using the FADN farm level panel data, which contains 37416 observations for 2004 and 2005, we estimate a farm credit...

Asymmetric volatility is a widely encountered concept particularly in financial series. It refers to the case that "bad news" generates more volatility than "good news" of equal magnitude. In an inflationary environment "bad news" is disclosed as increasing inflation that is expected to generate...

Mean-reversion in unprocessed food prices and beef prices towards the long-run trend is examined for twenty-two European countries, using linear and nonlinear unit root tests. As the argument goes, food prices might display short-term deviations from their long-run values due to disturbances...

This paper analyses the determinants of short-term inflation expectations based on surveys of professionals, using dynamic cross-country panel estimation for a large number of 34 OECD economies. We find that food consumer price inflation and depreciations of the domestic exchange rate have...