A Cacophony of Policy Responses: Evidence from Fourteen Countries During the 2007/08 Food Price Crisis

Shane Bryan

No wp-2013-029, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Phenomenal increases in food prices in 2007 and 2008 caused governments around the globe to panic. During the chaos which ensued, most developing countries responded to the crisis with a convoluted array of policies intended to stabilize domestic markets, placate consumers and other stakeholders, protect the vulnerable and, occasionally, address long-term food security concerns. However, there was a great deal of variation in the extent of intervention and the types of policies selected.

Keywords: Agriculture; Decision making (Finance; Public); Food security; Macroeconomics; Prices (search for similar items in EconPapers)
Date: 2013
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