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How do Economic Growth and Food Inflation Affect Food Insecurity?

Bogmans, Christian - 2024

During the global recession of 2020 food insecurity increased substantially in many countries around the world. Fortunately, the surge in food insecurity quickly came to a halt as the world economy returned to its positive growth path, despite double-digit domestic food inflation in most...

Persistent link: https://www.econbiz.de/10015328455

Staple Food Prices in Sub-Saharan Africa: An Empirical Assessment

Okou, Cedric - 2022

This paper analyzes the domestic and external drivers of local staple food prices in Sub-Saharan Africa. Using data on domestic market prices of the five most consumed staple foods from 15 countries, this paper finds that external factors drive food price inflation, but domestic factors can...

Persistent link: https://www.econbiz.de/10015060273

Food Prices and the Multiplier Effect of Trade Policy

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

This paper studies the relationship between trade policy and food prices. We show that, when individuals are loss averse, governments may use trade policy to shield the domestic economy from large food price shocks. This creates a complementarity between the price of food in international...

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

Inflation and income inequality : is food inflation different?

Walsh, James P.; Yu, Jiangyan - 2012

There is an extensive literature noting that high inflation can add to income inequality, and a parallel literature assessing the effect of rising food prices on the poor. This paper attempts to combine these strands by dividing inflation into food and nonfood inflation and assessing whether...

Persistent link: https://www.econbiz.de/10009618580

Policy Responses to High Energy and Food Prices

Amaglobeli, David - 2023

The surge in energy and food prices, which was amplified by Russia's invasion of Ukraine, has prompted a flurry of policy responses by countries during 2022. The aim of these policy responses was to mitigate social and economic impact of higher prices. In this paper we document announcements of...

Persistent link: https://www.econbiz.de/10015059559

Optimal Prudential Regulation of Banks and the Political Economy of Supervision

Tressel, Thierry; Verdier, Thierry - International Monetary Fund (IMF) - 2014

We consider a moral hazard economy in banks and production to study how incentives for risk taking are affected by the quality of supervision. We show that low interest rates may generate excessive risk taking. Because of a pecuniary externality, the market equilibrium may not be optimal and...

Persistent link: https://www.econbiz.de/10010790384

Investing in Climate Adaptation under Trade and Financing Constraints : Balanced Strategies for Food Security

Chen, Chen - 2024

Financially constrained governments, particularly in emerging and developing economies, tend to face a fiscal trade-off between adapting to climate change impacts and pursuing broader development goals. This trade-off is especially relevant in the agriculture sector, where investing in...

Persistent link: https://www.econbiz.de/10015328484

Coping with Climate Shocks: Food Security in a Spatial Framework

Baptista, Diogo - 2023

We develop a quantitative spatial general equilibrium model with heterogeneous house-holds and multiple locations to study households' vulnerability to food insecurity from cli-mate shocks. In the model, households endogenously respond to negative climate shocks by drawing-down assets, importing...

Persistent link: https://www.econbiz.de/10015059161

Unintended Consequences : Spillovers from Nigeria's Fuel Pricing Policies to Its Neighbor

Mlachila, Montfort; Ruggiero, Edgardo; Corvino, David - 2016

illustrates the constraints by examining the case of Nigeria, a major oil exporter that subsidizes gasoline, and that of Togo, an … oil importer and neighbor of Nigeria. It finds that the price differential between formal prices in Togo and Nigeria is … the main driver of changes in formal sector gasoline consumption. Specifically, the lower the formal price in Nigeria, the …

Persistent link: https://www.econbiz.de/10014408020

Do Trading Partners Still Matter for Nigeria's Growth? A Contribution to the Debate on Decoupling and Spillovers

Obiora, Kingsley I. - 2009

these questions for Nigeria in the context of the global crisis. The results seem to debunk the ""decoupling theory"" and … suggest there are still significant spillovers from Nigeria's main trading partners, including the US, with trade and …

Persistent link: https://www.econbiz.de/10012677490