Macroeconomic effects of world oil and food price shocks in Asia and Pacific economies: application of SVAR models

2013 ◽  
Vol 37 (3) ◽  
pp. 327-372 ◽  
Author(s):  
Fardous Alom ◽  
Bert D. Ward ◽  
Baiding Hu
Keyword(s):  
Food Price ◽  
Price Shocks ◽  
Macroeconomic Effects

scholarly journals Macroeconomic Effects of World Energy and Food Price Shocks in South Asia

2014 ◽  
Vol 16 (1) ◽  
pp. 109-116
Author(s):  
Huma Maqsood ◽  
◽  
Habib Ahmad
Keyword(s):  
South Asia ◽  
Food Price ◽  
Price Shocks ◽  
World Energy ◽  
Macroeconomic Effects

On the First-Round Effects of International Food Price Shocks

2018 ◽  
Author(s):  
Rafael Portillo ◽  
Luis-Felipe Zanna
Keyword(s):  
Developing Countries ◽  
Open Economy ◽  
Small Open Economy ◽  
Food Price ◽  
Relative Price ◽  
Asset Market ◽  
Price Shocks ◽  
Market Structures ◽  
Model Features ◽  
Food Share

The chapter presents a small open-economy model to study the first-round effects of international food-price shocks in developing countries. First-round shocks are defined as changes in headline inflation that, holding core inflation constant, help implement relative price adjustments. The model features three goods (food, a generic traded good, and a non-traded good), varying degrees of tradability of the food basket, and alternative international asset market structures. First-round effects depend crucially on the asset market structure. Under complete markets, inter-temporal substitution prevails, making the inflationary impact of international food price shocks proportional to the food share in consumption, which in developing countries is typically large. Under financial autarky, the income channel is dominant, and first-round effects are instead proportional to the country’s food trade balance, which is typically small. The results cast some doubt on the view that international food price shocks inherently have large inflationary effects in developing countries.

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

2015 ◽  
Author(s):  
Rafael Portillo ◽  
Luis-Felipe Zanna
Keyword(s):  
Market Structure ◽  
Food Price ◽  
Asset Market ◽  
Price Shocks

The Impact of Food Price Shocks in Uganda: First-Order Versus Long-Run Effects

2013 ◽  
Author(s):  
Bjorn Van Campenhout ◽  
Karl Pauw ◽  
Nicholas Minot
Keyword(s):  
Food Price ◽  
Price Shocks ◽  
First Order ◽  
Long Run ◽  
The Impact

scholarly journals A change-point analysis of food price shocks

2020 ◽  
Vol 27 ◽  
pp. 100208 ◽  
Author(s):  
Chrisovaladis Malesios ◽  
Nikoleta Jones ◽  
Aled Jones
Keyword(s):  
Change Point ◽  
Food Price ◽  
Change Point Analysis ◽  
Price Shocks ◽  
Point Analysis

Marketing margins and the welfare analysis of food price shocks

Food Policy ◽  
2014 ◽  
Vol 46 ◽  
pp. 50-55 ◽  
Author(s):  
David Dawe ◽  
Irini Maltsoglou
Keyword(s):  
Welfare Analysis ◽  
Food Price ◽  
Price Shocks ◽  
Marketing Margins

Political Economy of Recent Global Food Price Shocks: Gainers, Losers and Compensatory Mechanism

2011 ◽  
Vol 20 (Supplement 1) ◽  
pp. i142-i210 ◽  
Author(s):  
B. Dia Kamgnia
Keyword(s):  
Political Economy ◽  
Food Price ◽  
Compensatory Mechanism ◽  
Price Shocks ◽  
Global Food

Macroeconomic Effects of Asset-Price Shocks in a Globalized Financial Market

2013 ◽  
Vol 116 (1) ◽  
pp. 190-217 ◽  
Author(s):  
Vincenzo Quadrini
Keyword(s):  
Financial Market ◽  
Asset Price ◽  
Price Shocks ◽  
Macroeconomic Effects
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