This paper provides a broad brush look at the impact of fluctuations in global food prices on domestic inflation in a large group of countries. For advanced eco
The large swings in world food prices in recent years renew interest in the question of how monetary policy in small open economies should react to such importe
This paper investigates the drivers of export restrictions on agricultural products based on an original dataset developed at IFPRI. We focus on four food price
The heightened commodity price volatility of 2008 and 2010 and the subsequent acceleration in U.S. food price inflation associated with those market shifts gene
The specter of high commodity prices has recently reemerged, with global food prices registering a new peak in February 2011, triggered mainly by production sho