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Food Prices and the Multiplier Effect of Trade Policy*

Food Prices and the Multiplier Effect of Trade Policy* »

Article

Source: Food Prices and the Multiplier Effect of Trade Policy

Volume/Issue: 2014/182

Series: IMF Working Papers

Author(s): Paolo Giordani , Nadia Rocha , and Michele Ruta

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 September 2014

ISBN: 9781498320382

Keywords: Loss aversion, Multiplier effect, Food crisis, domestic price, world price, global trade, import tariff, import subsidy, International Relations and International Political Economy: Other, Global Commodity Crises

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...

Food Prices and the Multiplier Effect of Trade Policy

Food Prices and the Multiplier Effect of Trade Policy »

Journal Issue

Volume/Issue: 2014/182

Series: IMF Working Papers

Author(s): Paolo Giordani , Nadia Rocha , and Michele Ruta

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 September 2014

DOI: http://dx.doi.org/10.5089/9781498320382.001

ISBN: 9781498320382

Keywords: Loss aversion, Multiplier effect, Food crisis, domestic price, world price, global trade, import tariff, import subsidy, International Relations and International Political Economy: Other, Global Commodity Crises

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...