When prices spike in international grain markets, national governments often reduce the extent to which that spike affects their domestic food markets. Those actions exacerbate the price spike and international welfare transfer associated with the terms of trade change. Several recent analyses have assessed the extent to which those policies contributed to the 2006-08 international price rise, but only by focusing on one commodity or using a back-of-the-envelope...
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DETALHES
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2014/08/01
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Documento de trabalho sobre pesquisa de políticas
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WPS7007
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1
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1
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2014/08/01
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Disclosed
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Grain price spikes and beggar-thy-neighbor policy responses : a global economywide analysis
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general agreement on tariffs and trade
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