HOW DO GOVERNMENTS RESPOND TO FOOD PRICE SPIKES? LESSONS FROM THE PAST | Zendy

Kym Anderson | Zendy; Signe Nelgen | Zendy

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HOW DO GOVERNMENTS RESPOND TO FOOD PRICE SPIKES? LESSONS FROM THE PAST

Author(s) -

Kym Anderson,

Signe Nelgen

Publication year - 2010

Publication title -

journal of international commerce economics and policy

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.228

H-Index - 6

eISSN - 1793-9941

pISSN - 1793-9933

DOI - 10.1142/s1793993310000159

Subject(s) - incentive , economics , government (linguistics) , food prices , food policy , economic interventionism , public economics , monetary economics , food security , market economy , political science , geography , agriculture , linguistics , philosophy , archaeology , politics , law

Food 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.Kym Anderson and Signe Nelge

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