Food And Fuel Prices Recent Developments Macroeconomic Impact And Policy Responses
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Food And Fuel Prices Recent Developments Macroeconomic Impact And Policy Responses
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Author : International Monetary Fund. Research Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2008-06-30
Food And Fuel Prices Recent Developments Macroeconomic Impact And Policy Responses written by International Monetary Fund. Research Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-06-30 with Business & Economics categories.
This report provides a first broad assessment of the impact of the surge in food and fuel prices on the balance of payments, budgets, prices, and poverty of a large sample of countries. It reviews countries’ macroeconomic policy responses to date and also discusses Fund advice for managing the price increases. Policies should (i) ensure that food and finance reaches the most affected countries as quickly as possible, (ii) include targeted and scaled-up social measures, and (iii) avoid high costs in terms of macroeconomic instability or loss in future agricultural production. Collaborating with international partners, the Fund also stands ready to provide balance of payments assistance. As the paper presents an initial assessment of a still-evolving situation, the somewhat tentative nature of the analysis should be borne in mind.
Food And Fuel Prices Recent Developments Macroeconomic Impact And Policy Responses An Update
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Author : International Monetary Fund. Strategy, Policy, & Review Department
language : en
Publisher: International Monetary Fund
Release Date : 2008-09-19
Food And Fuel Prices Recent Developments Macroeconomic Impact And Policy Responses An Update written by International Monetary Fund. Strategy, Policy, & Review Department and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-09-19 with Business & Economics categories.
This report updates the macroeconomic assessment of the impact of global food and fuel price increases provided in the IMF June 2008 Board paper: Food and Fuel Prices—Recent Developments, Macroeconomic Impact, and Policy Response. Food and oil prices peaked in early summer—in particular, oil prices surged to levels envisaged under the most adverse scenario presented in the June paper. Against this background, the effects of higher prices on the balance of payments, budgets, and domestic prices intensified and a large group of low- and middle-income countries is experiencing a substantial weakening of their balance of payments and higher inflation. These findings reinforce the importance of adopting appropriate policies to maintain macroeconomic stability while protecting the poor.
The Distributional Implications Of The Impact Of Fuel Price Increases On Inflation
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Author : Mr. Kangni R Kpodar
language : en
Publisher: International Monetary Fund
Release Date : 2021-11-12
The Distributional Implications Of The Impact Of Fuel Price Increases On Inflation written by Mr. Kangni R Kpodar and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-11-12 with Business & Economics categories.
This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.
Opportunities And Obligations
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Author : Terance P. Stewart
language : en
Publisher: Kluwer Law International B.V.
Release Date : 2009-09-01
Opportunities And Obligations written by Terance P. Stewart and has been published by Kluwer Law International B.V. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-09-01 with Law categories.
Opportunities and Obligations: New Perspectives on Global and U.S. Trade Policy, is an extraordinary collection of essays by leading trade officials, academic experts, and major stakeholders. The essays are divided into three topics: The global trading system and its future direction The range of views presented provides diverse perspectives on the future direction of the trading system, the challenges of the Doha Round, the aspirations of developing countries within the system, the future direction of rules, rights and obligations, the challenges faced by countries trying to join the WTO. Perspectives on the direction of US trade policy Leaders from the past Administration, both sides of the aisle in the U.S. House of Representatives, labor, business, a leading NGO as well as leading journalists and writers offer views about where U.S. trade policy should go to secure America’s economic future. The global food crisis and how the trading system can help be part of the solution The run up of food prices internationally in 2007-08 and the efforts by many countries to restrict exports in the name of providing for citizens at home created some severe challenges for the global institutions and raised, within trade circles, the question of how trade could make a contribution to the alleviation of hunger and not exacerbate the problems of hunger. Papers in part three of the book look at the issue from the perspective of the WTO, the European Commission, and the United Nation’s World Food Program.
Fuel And Food Price Subsidies Issues And Reform Options
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Author : International Monetary Fund. Fiscal Affairs Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2008-08-09
Fuel And Food Price Subsidies Issues And Reform Options written by International Monetary Fund. Fiscal Affairs Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-08-09 with Business & Economics categories.
Government price subsidies are pervasive in developed, emerging, and low-income countries. A subsidy is a form of government intervention resulting in a deviation of an actual price facing consumers and producers from a specified benchmark price. Subsidies affect consumption and production patterns as well as the distribution of resources, with important implications for the budget, expenditure composition, and long-term growth. They can and often do involve fiscal costs, but not all affect government fiscal accounts in the same way. Price subsidies have spillover effects onto prices and quantities in domestic, regional, or global markets. This paper discusses the key issues and policy options in the reform of subsidies for fossil fuels and selected food commodities, and their implications for the work of the Fund.
Handbook On Food
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Author : Raghbendra Jha
language : en
Publisher: Edward Elgar Publishing
Release Date : 2014-01-01
Handbook On Food written by Raghbendra Jha and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-01-01 with Business & Economics categories.
'This volume is a welcome and timely contribution to a topic of enduring importance. The global consequences of recent food price crises underscore the need to examine food security issues from diverse perspectives. This volume meets that need, featuring accessible yet cutting-edge analyses of food security by leading experts in fields as diverse as trade, nutrition, public health, production, political economy, and behavioral economics. It will be of interest to a wide range of scholars and practitioners.' --Steven Block, Tufts University, US. 'This excellent volume offers a compact but wide-ranging survey of recent research on important changes in global food markets. Its 20 chapters accurately capture important areas of scholarly agreement as well as on-going debates among economists studying agriculture and nutrition, with several provocative original contributions from other fields. The book draws particularly on the authors' long experience in Asia, offering widely-applicable insights for scholars and policy analysts seeking to understand the past, present and future of food around the world.' --William A. Masters, Tufts University, US. The global population is forecasted to reach 9.4 billion by 2050, with much of this increase concentrated in developing regions and cities. Ensuring adequate food and nourishment to this large population is a pressing economic, moral and even security challenge and requires research (and action) from a multi-disciplinary perspective. This book provides the first such integrated approach to tackling this problem by addressing the multiplicity of challenges posed by rising global population, diet diversification and urbanization in developing countries and climate change. It examines key topics such as: the impact of prosperity on food demand, the role of international trade in addressing food insecurity, the challenge posed by greenhouse gas emissions from agriculture and land degradation, the implication on labor markets of severe under-nutrition, viability of small scale farms, strategies to augment food availability. The Handbook on Food would be a welcome supplementary text for courses on development economics, particularly those concentrating on agricultural development, climate change and food availability, as well as nutrition.
The Evolving Sphere Of Food Security
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Author : Rosamond Naylor
language : en
Publisher: Oxford University Press, USA
Release Date : 2014
The Evolving Sphere Of Food Security written by Rosamond Naylor and has been published by Oxford University Press, USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Business & Economics categories.
A multidisciplinary group of scholars present the many faces and facets of global food insecurity - their symptoms, roots, and possible remedies - through personal stories of research and policy advising at local and global scales. The authors explore the interconnectedness of food security and energy, water, climate, health, and national security as well as its policy implications.
Impact Of Soaring Food Price In Ethiopia Does Location Matter
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Author : John M. Ulimwengu, Sindu Workneh, Zelekawork Paulos
language : en
Publisher: Intl Food Policy Res Inst
Release Date : 2009
Impact Of Soaring Food Price In Ethiopia Does Location Matter written by John M. Ulimwengu, Sindu Workneh, Zelekawork Paulos and has been published by Intl Food Policy Res Inst this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Social Science categories.
"Previous studies implicitly assume uniform price-effects across regions or provinces within countries. They also do not address the issue of integration between the world food market and local markets. Instead, they assume a complete transmission of changes in world food prices to local food prices. In this paper, we first establish evidence of regional price heterogeneity across Ethiopia. We also applied the Johansen test for market integration over 95 local maize markets and found that none of the Ethiopian regional markets for maize is integrated to the world market. However, there is significant short-term price effects between the world maize market and some Ethiopian regional markets. Using the Almost Ideal Demand System, we estimate loss in household consumption and calorie intake as induced by food price increases. The results suggest a great deal of heterogeneity across regions as well as between rural and urban areas. Studies that fail to account for the characteristics of household demand across locations are more likely to induce misleading policy recommendations."--Authors' abstract.
European Bloc Imperialism
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Author : Dennis C. Canterbury
language : en
Publisher: BRILL
Release Date : 2010
European Bloc Imperialism written by Dennis C. Canterbury and has been published by BRILL this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Social Science categories.
The reinvigorated debate on imperialism in the last two decades focuses on the means by which Euro-American capital is currently spread around the globe and the different ways it pillages the wealth of the developing countries. The Economic Partnership Agreements being foisted on the Africa, Caribbean and Pacific countries by the European Union, however, has been under the radar of the debate on imperialism. This book draws on the experiences of the Caribbean Forum-EU EPA to fill that void by bringing into focus the economic partnership agreement as a conduit of European imperialism. Dennis C. Canterbury, Ph.D. (2000) in Sociology, Binghamton University (State University of New York), is Associate Professor of Sociology at Eastern Connecticut State University. He has published extensively on development issues including "Neoliberal Democratization and New Authoritarianism" (Ashgate 2005).
The Impacts Of Biofuels On The Economy Environment And Poverty
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Author : Govinda R. Timilsina
language : en
Publisher: Springer
Release Date : 2014-05-20
The Impacts Of Biofuels On The Economy Environment And Poverty written by Govinda R. Timilsina and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-20 with Business & Economics categories.
Interest in biofuels began with oil shocks in the 1970’s, but the more rapid development and consumption of biofuel industry in recent years has been primarily driven by mandates, subsidies, climate change concerns, emissions targets and energy security. From 2004 to 2006, fuel ethanol grew by 26% and biodiesel grew by 172%. As biofuel production continues to expand, investments in capacity expansion and research and development have been made. The 2008 food crisis emphasized the need to re-examine biofuel consequences. Biofuels remain an important renewable energy resource to substitute for fossil fuels, particularly in the transportation sector, yet biofuels’ success is still uncertain. The future of biofuels in the energy supply mix relies on mitigating potential and improving the environmental gains. This book brings together leading authorities on biofuel from the World Bank to examine all of the impacts of biofuel (economic, social, environmental) within a unified framework and in a global perspective, making it of interest to academics in agricultural and environmental economics as well as industry and policy-makers.