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240607 ||| eng |
| 020 |
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|a 9781513566887
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| 100 |
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|a Meyimdjui, Carine
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| 245 |
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|a Food Price Shocks and Household Consumption in Developing Countries: The Role of Fiscal Policy
|c Carine Meyimdjui, Jean-Louis Combes
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2021
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| 300 |
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|a 25 pages
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| 651 |
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4 |
|a Ethiopia, The Federal Democratic Republic of
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| 653 |
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|a Wealth
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| 653 |
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|a Economics
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| 653 |
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|a Exchange rate arrangements
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| 653 |
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|a Public finance & taxation
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| 653 |
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|a Natural Disasters and Their Management
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| 653 |
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|a Saving
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| 653 |
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|a Government consumption
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| 653 |
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|a Commodity price shocks
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| 653 |
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|a Climate
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| 653 |
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|a Currency
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| 653 |
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|a National Government Expenditures and Related Policies: General
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| 653 |
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|a Expenditure
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| 653 |
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|a Foreign Exchange
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| 653 |
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|a Urban, Rural, and Regional Economics: Household Analysis: General
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| 653 |
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|a Global Warming
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| 653 |
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|a Household consumption
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| 653 |
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|a Consumption
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| 653 |
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|a Expenditures, Public
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| 653 |
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|a Prices
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Macroeconomics: Consumption
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| 653 |
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|a Public Finance
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| 653 |
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|a Foreign exchange
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| 653 |
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|a Commodity Markets
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| 700 |
1 |
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|a Combes, Jean-Louis
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
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|a 10.5089/9781513566887.001
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| 856 |
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|u https://elibrary.imf.org/view/journals/001/2021/012/001.2021.issue-012-en.xml?cid=49982-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|a This paper studies whether fiscal policy plays a stabilizing role in the context of import food price shocks. More precisely, the paper assesses whether fiscal policy dampens the adverse effect of import food price shocks on household consumption. Based on a panel of 70 low and middle-income countries over the period 1980-2012, the paper finds that import price shocks negatively and significantly affect household consumption, but this effect appears to be mitigated by discretionary government consumption, notably through government subsidies and transfers. The results are particularly robust for African countries and countries with less flexible exchange rate regimes
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