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What Explains the Rise in Food Price Volatility?

Roache, Shaun K. - International Monetary Fund (IMF) - 2010

The macroeconomic effects of large food price swings can be broad and far-reaching, including the balance of payments of importers and exporters, budgets, inflation, and poverty. For market participants and policymakers, managing low frequency volatilityâ€”i.e., the component of volatility...

Persistent link: https://www.econbiz.de/10008560434

On the First-Round Effects of International Food Price Shocks: the Role of the Asset Market Structure

Portillo, Rafael; Zanna, Luis-Felipe - International Monetary Fund (IMF) - 2015

incomplete markets, and financial autarky). First-round effects depend crucially on the asset market structure and the different … transmission mechanisms they trigger. Under complete markets, inter-temporal substitution prevails, making the inflationary impact … countries is typically small. The latter result holds regardless of the degree of food tradability. Incomplete markets yield a …

Persistent link: https://www.econbiz.de/10011242189

Forecasting and Monetary Policy Analysis in Low-Income Countries; Food and non-Food Inflation in Kenya

Andrle, Michal; Berg, Andrew; Morales, R. Armando; … - International Monetary Fund (IMF) - 2013

We develop a semi-structural new-Keynesian open-economy model, with separate food and non-food inflation dynamics, for forecasting and monetary policy analysis in low-income countries and apply it to Kenya. We use the model to run several policy-relevant exercises. First, we filter international...

Persistent link: https://www.econbiz.de/10011242400

Food Inflation in India: The Role for Monetary Policy

Anand, Rahul; Ding, Ding; Tulin, Volodymyr - International Monetary Fund (IMF) - 2014

Indian food and fuel inflation has remained high for several years, and second-round effects on core inflation are estimated to be large. This paper estimates the size of second-round effects using an estimated reduced-form general equilibrium model of the Indian economy, which incorporates...

Persistent link: https://www.econbiz.de/10010959475

Food Prices and the Multiplier Effect of Trade Policy

Giordani, Paolo; Rocha, Nadia; Ruta, Michele - International Monetary Fund (IMF) - 2014

complementarity between the price of food in international markets and trade policy. Specifically, unilateral actions give rise to a …

Persistent link: https://www.econbiz.de/10010959482

Rural Poverty in Developing Countries; Issues and Policies

Khan, Mahmood Hasan - International Monetary Fund (IMF) - 2000

In most developing countries, poverty is more widespread and severe in rural than in urban areas. The author reviews some important aspects of rural poverty and draws key implications for public policy. He presents a policy framework for reducing poverty, taking into account the functional...

Persistent link: https://www.econbiz.de/10005605040

Are Foreign Aid and Remittance Inflows a Hedge Against Food Price Shocks?

International Monetary Fund (IMF); International … - 2012

This paper explores the role of foreign aid and remittance inflows in the mitigation of the effects of food price shocks. Using a large sample of developing countries and mobilising dynamic panel data specifications, the econometric results yield two important findings. First, remittance and aid...

Persistent link: https://www.econbiz.de/10009654140

Food Prices and Political Instability

Arezki, Rabah; Bruckner, Markus - International Monetary Fund (IMF) - 2011

We examine the effects that variations in the international food prices have on democracy and intra-state conflict using panel data for over 120 countries during the period 1970-2007. Our main finding is that in Low Income Countries increases in the international food prices lead to a...

Persistent link: https://www.econbiz.de/10008876604

De-Monopolization toward Long-Term Prosperity in China

Ahuja, Ashvin - International Monetary Fund (IMF) - 2012

During the past decade, the average Chinese earns roughly 9 times less and is 10 times less productive than the average American at purchasing power parity. Current consensus attributes large differences in output per worker to differences in total factor productivity (TFP). Evidence suggests...

Persistent link: https://www.econbiz.de/10011242303

A Simultaneous Equation Model for World Crude Oil and Natural Gas Markets

Krichene, Noureddine - International Monetary Fund (IMF) - 2005

A model for world crude oil and natural gas markets is estimated. It confirms low price and high income elasticities of …

Persistent link: https://www.econbiz.de/10005768887