NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Christophe Gouel

INRA, Economie Publique
AgroParisTech
16 rue Claude Bernard
75005 Paris
France
christophe.gouel@inra.fr

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NBER Working Papers and Publications

October 2014Food Price Volatility and Domestic Stabilization Policies in Developing Countries
in The Economics of Food Price Volatility, Jean-Paul Chavas, David Hummels, and Brian D. Wright, editors
When food prices spike in countries with large numbers of poor people, hunger and malnutrition are very likely to result in the absence of public intervention. Government actions often take the form of direct interventions in the market to stabilize food prices, which goes against most international advice to rely on safety nets and world trade. Despite the limitations of food price stabilization policies, they are widespread in developing countries. Price stabilization policies arise as a result of international and domestic coordination problems. At the individual country level, it is in the national interest of many countries to adjust trade policies to take advantage of the world market in order to achieve domestic price stability. When countercyclical trade policies become widespread,...
April 2013Food Price Volatility and Domestic Stabilization Policies in Developing Countries
w18934
When food prices spike in countries with large numbers of poor people, hunger and malnutrition are very likely to result in the absence of public intervention. For governments, this is also a case of political survival. Government actions often take the form of direct interventions in the market to stabilize food prices, which goes against most international advice to rely on safety nets and world trade. Despite the limitations of food price stabilization policies, they are widespread in developing countries. This paper attempts to untangle the elements of this policy conundrum. Price stabilization policies arise as a result of international and domestic coordination problems. At the individual country level, it is in the national interest of many countries to adjust trade policies to take...

Published: Food Price Volatility and Domestic Stabilization Policies in Developing Countries, Christophe Gouel. in The Economics of Food Price Volatility, Chavas, Hummels, and Wright. 2014

 
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