Income Versus Prices: How Does The Business Cycle Affect Food (In)-Security?

We study how two aspects of food insecurity - caloric insufficiency and diet composition - are affected by aggregate economic fluctuations. The use of cross-country panel data allows us to adopt a global prospective on the identification of the macroeconomic determinants of food insecurity. Income s...

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Bibliographic Details
Main Author: Bogmans, Christian
Other Authors: Pescatori, Andrea, Prifti, Ervin
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2021
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Income Versus Prices: How Does The Business Cycle Affect Food (In)-Security?  |c Christian Bogmans, Andrea Pescatori, Ervin Prifti 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2021 
300 |a 40 pages 
651 4 |a China, People's Republic of 
653 |a Economic & financial crises & disasters 
653 |a Provision and Effects of Welfare Program 
653 |a Inflation 
653 |a Economics 
653 |a Income 
653 |a Agricultural Policy 
653 |a Food security 
653 |a Deflation 
653 |a Economics: General 
653 |a Food Policy 
653 |a Informal sector 
653 |a Food prices 
653 |a Aggregate Factor Income Distribution 
653 |a Agriculture: General 
653 |a Agriculture & Food Policy 
653 |a National accounts 
653 |a Economics of specific sectors 
653 |a Price Level 
653 |a Currency crises 
653 |a Purchasing power 
653 |a Macroeconomic Analyses of Economic Development 
653 |a Poverty & precarity 
653 |a Prices 
653 |a Poverty 
653 |a Macroeconomics 
653 |a Agriculture: Aggregate Supply and Demand Analysis 
653 |a Government Policy 
700 1 |a Pescatori, Andrea 
700 1 |a Prifti, Ervin 
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520 |a We study how two aspects of food insecurity - caloric insufficiency and diet composition - are affected by aggregate economic fluctuations. The use of cross-country panel data allows us to adopt a global prospective on the identification of the macroeconomic determinants of food insecurity. Income shocks are the most relevant driver of food insecurity, displaying high elasticities at the early stages of economic development. The role of food price shocks is more limited. Social protection has a direct effect and mitigates the impact of income shocks. Effects are highly heterogeneous across a range of structural characteristics of the economy, highlighting the role of distributional aspects and of food import dependency