Food Prices and the Multiplier Effect of Trade Policy

Food Prices and the Multiplier Effect of Trade Policy
This paper studies the relationship between trade policy and food prices. We show that, when individuals are loss averse, governments may use trade policy to shield the domestic economy from large food price shocks. This creates a complementarity between the price of food in international markets and trade policy. Specifically, unilateral... READ MORE...

Publication date: September 2014
ISBN 9781498320382
$18.00

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