scholarly journals Imported Food Price Shocks and Socio-Political Instability: Do Fiscal Policy and Remittances Matter?

2020 ◽  
Author(s):  
Carine Meyimdjui
Keyword(s):  
Fiscal Policy ◽  
Political Instability ◽  
Food Price ◽  
Price Shocks ◽  
Imported Food

scholarly journals Imported Food Price Shocks and Socio-Political Instability

2020 ◽  
Vol 20 (248) ◽  
Author(s):  
Carine Meyimdjui
Keyword(s):  
Fiscal Policy ◽  
Political Instability ◽  
Food Price ◽  
Price Shocks ◽  
Middle Income ◽  
Middle Income Countries ◽  
Private Credit ◽  
Imported Food ◽  
Almost All ◽  
The Impact

Using a panel of 101 low- and middle-income countries with data covering the period 1980-2012, this paper applies various econometric approaches that deal with endogeneity issues to assess the impact of food price shocks on socio-political instability once fiscal policy and remittances have been accounted for. It focuses on import prices to reflect the vulnerability of importer countries / net-buyer households to food price shocks. The paper finds that import food price shocks strongly increase the likelihood of socio-political instability. This effect is greater in countries with lower levels of private credit and income per capita. On the other hand, while remittances seem to dampen the adverse effect of import food price shocks on socio-political instability in almost all countries, the mitigating role of fiscal policy is significant only in countries with low-levels of private credit.

scholarly journals Food Price Shocks and Household Consumption in Developing Countries: The Role of Fiscal Policy

2021 ◽  
Vol 2021 (012) ◽  
pp. 1
Author(s):  
Jean-Louis Combes ◽  
Carine Meyimdjui
Keyword(s):  
Developing Countries ◽  
Fiscal Policy ◽  
Household Consumption ◽  
Food Price ◽  
Price Shocks

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.

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

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
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