Publication: Optimal Food Price Stabilization in a Small Open Developing Country
| creativeworkseries.issn | 1564-698X | |
| dc.contributor.author | Gouel, Christophe | |
| dc.contributor.author | Jean, Sébastien | |
| dc.date.accessioned | 2016-07-05T17:51:15Z | |
| dc.date.available | 2016-07-05T17:51:15Z | |
| dc.date.issued | 2015-01 | |
| dc.description.abstract | This paper analyzes the use of storage and trade policies to achieve food price stabilization in a small open developing country. Optimal stabilization policies are identified using a rational expectations storage model with risk-averse consumers and incomplete markets. Without public intervention, price dynamics are driven by domestic productive shocks and international prices. On its own, an optimal storage policy is found to be detrimental to consumers because its stabilizing benefits leak to the world market. In contrast, an optimal combination of storage and trade policies results in a powerful stabilization of domestic food prices. However, such an optimal combination is shown to entail two serious drawbacks: its distributive impacts are large compared to its efficiency benefits, and by distorting excess supply curves, it may aggravate high world price episodes. | en |
| dc.identifier.citation | World Bank Economic Review | |
| dc.identifier.doi | 10.1596/24604 | |
| dc.identifier.issn | 1564-698X | |
| dc.identifier.uri | https://hdl.handle.net/10986/24604 | |
| dc.language.iso | en_US | |
| dc.publisher | Oxford University Press on behalf of the World Bank | |
| dc.relation.ispartofseries | World Bank Economic Review | |
| dc.rights | CC BY-NC-ND 3.0 IGO | |
| dc.rights.holder | World Bank | |
| dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/igo | |
| dc.subject | food security | |
| dc.subject | price stabilization | |
| dc.subject | volatility | |
| dc.subject | food storage | |
| dc.subject | public purchases | |
| dc.subject | domestic market | |
| dc.subject | international market | |
| dc.subject | public finance | |
| dc.subject | safety nets | |
| dc.title | Optimal Food Price Stabilization in a Small Open Developing Country | en |
| dc.type | Journal Article | en |
| dc.type | Article de journal | fr |
| dc.type | ArtÃculo de revista | es |
| dspace.entity.type | Publication | |
| okr.amazon.url | https://openknowledge.worldbank.org/handle/10986/3228 Workiing paper version (pre-print) | |
| okr.date.disclosure | 2016-07-05 | |
| okr.date.doiregistration | 2025-05-06T11:37:53.628811Z | |
| okr.doctype | Publications & Research::Journal Article | |
| okr.doctype | Publications & Research | |
| okr.identifier.doi | 10.1093/wber/lht018 | |
| okr.journal.nbpages | 72-101 | |
| okr.language.supported | en | |
| okr.peerreview | Academic Peer Review | |
| okr.topic | Agriculture::Agricultural Sector Economics | |
| okr.topic | Agriculture::Crops & Crop Management Systems | |
| okr.topic | Agriculture::Food Markets | |
| okr.topic | Agriculture::Food Security | |
| okr.topic | International Economics and Trade::Trade and Agriculture | |
| okr.volume | 29(1) | |
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| relation.isJournalVolumeOfPublication | cd9f1cee-f04d-4172-a687-a92a68bd06db |