Food Prices and the Multiplier Effect of Trade Policy /

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 markets an...

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Autor principal: Giordani, Paolo
Altres autors: Rocha, Nadia, Ruta, Michele
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2014.
Col·lecció:IMF Working Papers; Working Paper ; No. 2014/182
Accés en línia:Full text available on IMF