Many countries adjust their trade policies countercyclically with food prices, to the extent that the use by numerous food exporters of export restrictions has occasionally threatened the food security of food importing countries. These trade policies are inconsistent with the terms-of-trade...

Many countries adjust their trade policies countercyclically to food prices, to such extent that the use of export restrictions by numerous food exporters has occasionally threatened the food security of food importing countries. These trade policies are not consistent with the terms-of-trade...

This paper proposes a framework for designing optimal food price stabilisation policies in a self-sufficient developing country. It uses a rational expectations storage model with risk-averse consumers and incomplete markets. Government stabilises food prices by carrying public stock and by...

When food prices spike in countries with large numbers of poor people, public intervention is essential to alleviate hunger and malnutrition. For governments, this is also a case of political survival. Government actions often take the form of direct interventions in the market to stabilize food...

This article compares different policies in a rational expectations storage model with risk-averse consumers and missing insurance markets calibrated to represent a developing country. We consider an optimal storage policy under discretion and two optimal simple rules, a constant private storage...