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How do governments respond to food price spikes? lessons from the past

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dc.contributor.authorAnderson, Kym
dc.contributor.authorNelgen, Signe
dc.date.accessioned2015-03-05T02:08:57Z
dc.date.available2015-03-05T02:08:57Z
dc.date.created2010-10en_AU
dc.date.issued2010
dc.date.updated2020-12-06T07:18:36Z
dc.description.abstractFood prices in international markets spiked upward in 2008, doubling or more in a matter of months. Evidence is still being compiled on policy responses over the following two years, but new time series estimates of government intervention for the previous five decades allow insights into past policy responses to price fluctuations and spikes. This paper reviews the distortionary impacts of policies used by governments attempting to stabilize their domestic food markets. It then focuses on policy responses in the mid-1970s, as reflected in domestic prices and various annual indicators of distortions to producer and consumer incentives, before drawing out some policy lessons.
dc.description.sponsorshipThis is a product of a World Bank research project on Distortions to Agricultural Incentives. The authors are grateful for funding from World Bank Trust Funds provided by the governments of the Netherlands (BNPP) and the United Kingdom (DFID) and from the Australian Research Council.en_AU
dc.format.extent21 pages
dc.format.mimetypeapplication/pdfen_AU
dc.identifier.issn1793-9933en_AU
dc.identifier.urihttp://hdl.handle.net/1885/12816
dc.language.isoen_AUen_AU
dc.publisherWorld Scientific Publishing
dc.rights© 2015 World Scientific Publishing Co Pte Ltd
dc.sourceJournal of International Commerce, Economics and Policy
dc.subjectcommodity price stabilization policies
dc.subjectdomestic market insulation
dc.subjectdistorted incentives
dc.subjectagricultural and trade policies
dc.subjecttrade restrictiveness indexes
dc.titleHow do governments respond to food price spikes? lessons from the past
dc.typeJournal article
local.bibliographicCitation.issue02en_AU
local.bibliographicCitation.lastpage285en_AU
local.bibliographicCitation.placeofpublicationUnited States
local.bibliographicCitation.startpage265en_AU
local.contributor.affiliationAnderson, Kym, Arndt-Corden Dept of Economics, Crawford School ANU College of Asia and the Pacific, The Australian National Universityen_AU
local.contributor.authoruidu4042848en_AU
local.description.embargoFunding information: This is a product of a World Bank research project on Distortions to Agricultural Incentives. The authors are grateful for funding from World Bank Trust Funds provided by the governments of the Netherlands (BNPP) and the United Kingdo
local.identifier.absfor140201 - Agricultural Economics
local.identifier.ariespublicationa383154xPUB2901
local.identifier.citationvolume01en_AU
local.identifier.doi10.1142/S1793993310000159en_AU
local.identifier.essn1793-9941en_AU
local.identifier.scopusID2-s2.0-84991519022
local.identifier.thomsonID000214610400005
local.publisher.urlhttp://www.worldscientific.com/en_AU
local.type.statusPublished versionen_AU

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