Importing High Food Prices by Exporting: Rice Prices in Lao PDR

Pass-Through Effects of Global Food Prices on Consumer Prices in Iran

T he objective of this study is using the Markov Switching Vector Autoregressive method and regime dependent impulse response functions to measure the pass-through of world food prices to consumer price index in Iran from 1990 to 2013. With respect to information criteria and the log-likelihood ratio statistic, MSIA(2)-VAR(1) model has a better fit to data than other models. The magn...

Impact of High Food Prices on Nutrition

The Changing Relationship Between Commodity Prices and Equity Prices in Commodity Exporting Countries

The paper explores the linkage between equity and commodity markets, focusing in particular on its evolution over time. It documents that a country’s equity market value has significant out-of-sample predictive ability for the future global commodity price index for several primary commodity-exporting countries. The out-of-sample predictive ability of the equity market appears around 2000s. The...

The Welfare Effects of Rising Imported Food Prices in Iran

Food products account for a significant amount of the Iranian imports. Despite the rising prices of food products over the last two decades, their imports have been increasing too. In this study import demand of the main imported food products is empirically analyzed using Quadratic AIDS. Welfare impacts are measured using compensated variation. The results indicate that all products, except te...

Developments in Global Food Prices

The international prices of many agricultural commodities have increased significantly over the past two years. After falling sharply during the global financial crisis, the IMF Food Price Index has increased by 50 per cent since the end of 2008 and is now above its earlier peak in mid 2008. Supply disruptions have been an important factor behind the recent rise in the relative price of food, w...