NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Maros Ivanic

World Bank, MSN MC3-303
World Bank
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Washington DC 20433

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NBER Working Papers and Publications

October 2014Food Price Spikes, Price Insulation, and Poverty
with Kym Anderson, William J. Martin
in The Economics of Food Price Volatility, Jean-Paul Chavas, David Hummels, and Brian D. Wright, editors
This chapter first considers the impact on world food prices of the changes in restrictions on trade in staple foods during the 2008 world food price crisis. Those changes were meant to partially insulate domestic markets from the spike in international prices. This insulation added substantially to the spike in international prices for rice, wheat, maize, and oilseeds. As a result, although domestic prices rose less than they would have without insulation in some developing countries, in many other countries they rose more than they would have in the absence of such insulation. Secondly, the chapter estimates the combined impact of such insulating behavior on poverty in various developing countries and globally. The analysis finds that the actual poverty-reducing impact of insulation is m...
October 2013Food Price Spikes, Price Insulation and Poverty
with Kym Anderson, Will Martin: w19530
This paper first considers the impact on world food prices of the changes in restrictions on trade in staple foods during the 2008 world food price crisis. Those changes--reductions in import protection or increases in export restraints--were meant to partially insulate domestic markets from the spike in international prices. The authors find that this insulation added substantially to the spike in international prices for rice, wheat, maize, and oilseeds. As a result, although domestic prices rose less than they would have without insulation in some developing countries, in many other countries they rose more than they would have in the absence of such insulation. The paper's second purpose it to estimate the combined impact of such insulating behavior on poverty in various developing cou...

Published: Food Price Spikes, Price Insulation, and Poverty, Kym Anderson, Maros Ivanic, William J. Martin. in The Economics of Food Price Volatility, Chavas, Hummels, and Wright. 2014

 
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