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Author : Kumiharu Shigehara
Publisher : Unknown
Page : 400 pages
File Size : 48,5 Mb
Release : 1993-01-01
Category : Inflation (Finance)
ISBN : 033357396X
Author : Kumiharu Shigehara
Publisher : Springer
Page : 409 pages
File Size : 50,7 Mb
Release : 1993-06-18
Category : Business & Economics
ISBN : 9781349128938
Investigates various aspects of inflation - the recent history of inflation as well as potential sources of changes, the technical issues regarding the measurement of inflation, the indicators for future inflation, and the policy implications to achieve and maintain price stability.
Author : Minot, Nicholas,Hossain, Shahadat,Kabir, Razin,Dorosh, Paul A.,Rashid, Shahidur
Publisher : Intl Food Policy Res Inst
Page : 51 pages
File Size : 51,5 Mb
Release : 2024-05-13
Category : Political Science
ISBN : 8210379456XXX
Rice plays a central role in the diet in Bangladesh and as a source of income for farmers. Although Bangladesh has largely liberalized international trade in rice, it maintains a public food distribution system to stablize prices, distributing an average of 2 million tons of rice per year at a cost of almost US$ 800 million per year. This study explores whether alternative policies could achieve similar stabilization at a lower cost. It uses a stochastic spatial-equilibrium model of rice markets to simulate monthly prices in eight regions of the country. Stochastic shocks are used to simulate fluctuations in regional production, replicating historical patterns at the region-season level, as well as inter-regional correlation in production shocks. It also simulates fluctuation in world rice prices, mimicking the mean, variance, and serial correlation of historical wholesale prices of rice in Delhi. Public procurement and distribution follow historic averages by month and region. Private storage is represented by a simplified version of rational expectations models, in which net storage is a non-linear function of availability in the previous month. One set of simulations tests alternative levels of distribution, finding that cutting distribution to 1 million tons would have minimal effects on the level of rice price stability. Another set of simulations tested different import tariff levels, including the baseline rate of 25%1. We find that lower tariffs result in both lower rice prices and less price instability, as world rice prices tend to be more stable than local prices. Simulating a buffer stock with different price bands shows that a narrow band can achieve high price stability but at a high fiscal cost. A 20 T/kg (USD 0.26/kg) price band generates similar price stabilization at a lower cost compared to current policy. However, it is difficult to set the “right” purchase and sale price, and many simulations result in exhausting reserves or reaching warehouse capacity. An adaptive buffer stock, in which the price is adjusted as the stock runs too low or too high, solves some of these problems. In general, the study finds that current procurement and distribution patterns do not match well with the regional and monthly patterns of surplus and deficit, possibly reflecting multiple and conflicting goals of the public food distribution system.
Author : Minot, Nicholas,Hossain, Shahadat,Kabir, Razin,Dorosh, Paul A.,Rashid, Shahidur
Publisher : Intl Food Policy Res Inst
Page : 94 pages
File Size : 43,5 Mb
Release : 2021-09-01
Category : Political Science
ISBN : 8210379456XXX
Price instability is a fact of life. In a market economy, domestic prices change in response to changes in supply, consumer preferences, policy, world prices, and other factors. Crop prices tend to be particularly volatile because harvests occur only once or a few times per year and because the size of the harvest varies due to weather, prices, and other factors. For internationally-traded commodities, volatility in world prices can be another source of instability in domestic prices.
Author : Michael D. Bordo,Athanasios Orphanides
Publisher : University of Chicago Press
Page : 545 pages
File Size : 41,7 Mb
Release : 2013-06-28
Category : Business & Economics
ISBN : 9780226066950
Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Author : Avishay Braverman
Publisher : World Bank Publications
Page : 45 pages
File Size : 50,5 Mb
Release : 1990
Category : Analisis costo-beneficio
ISBN : 8210379456XXX
Author : Donald F. Larson,Jonathan Roger Coleman
Publisher : World Bank Publications
Page : 47 pages
File Size : 42,8 Mb
Release : 1991
Category : Electronic
ISBN : 8210379456XXX
Author : Joseph E. Stiglitz
Publisher : W. W. Norton & Company
Page : 415 pages
File Size : 48,7 Mb
Release : 2011-02-07
Category : Business & Economics
ISBN : 9780393078381
How one of the greatest economic expansions in history sowed the seeds of its own collapse. With his best-selling Globalization and Its Discontents, Joseph E. Stiglitz showed how a misplaced faith in free-market ideology led to many of the recent problems suffered by the developing nations. Here he turns the same light on the United States. The Roaring Nineties offers not only an insider's illuminating view of policymaking but also a compelling case that even the Clinton administration was too closely tied to the financial community—that along with enormous economic success in the nineties came the seeds of the destruction visited on the economy at the end of the decade. This groundbreaking work by the Nobel Prize-winning economist argues that much of what we understood about the 1990s' prosperity is wrong, that the theories that have been used to guide world leaders and anchor key business decisions were fundamentally outdated. Yes, jobs were created, technology prospered, inflation fell, and poverty was reduced. But at the same time the foundation was laid for the economic problems we face today. Trapped in a near-ideological commitment to free markets, policymakers permitted accounting standards to slip, carried deregulation further than they should have, and pandered to corporate greed. These chickens have now come home to roost. The paperback includes a new introduction that reviews the continued failure of the Bush administration's policies, which have taken a bad situation and made it worse.
Author : Jonathan Roger Coleman,Donald F. Larson
Publisher : World Bank Publications
Page : 51 pages
File Size : 51,9 Mb
Release : 1991
Category : Agricultural prices
ISBN : 8210379456XXX
Of the stabilization schemes proposed to ease the liberalization of quota-driven, price-managed domestic markets for several "essential" commodities, the wide price band - based on a moving average of nominal border prices - is the least offensive. It provides benefits when price movements are extreme but preserves average international price signals.
Author : Jeffrey A. Frankel,Ernesto Stein,Shang-Jin Wei
Publisher : Peterson Institute
Page : 392 pages
File Size : 40,5 Mb
Release : 1997
Category : Business & Economics
ISBN : 0881322024
Covers trends from 1957 to 1995.
Author : Nurul Islam,Saji Thomas
Publisher : Intl Food Policy Res Inst
Page : 148 pages
File Size : 44,8 Mb
Release : 1996
Category : Technology & Engineering
ISBN : 9780896295025
A brief summary of the analytics of price stabilization; Some operational aspects of food price stabilization policies; Alternatives to price stabilization: crop insurance and futures markets; Price stabilization policy: rationale and objectives; Design and implementation of stabilization policy; Impact of stabilization policy on price variability over time and across countries; Some quantitative estimates of the benefits of stabilization; Rethinking price stabilization policy.
Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher : Unknown
Page : 152 pages
File Size : 44,8 Mb
Release : 2003
Category : Electronic
ISBN : UOM:39015090412027
Author : Bernd Lucke
Publisher : Springer Science & Business Media
Page : 280 pages
File Size : 44,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642467820
International commodity markets have traditionally attracted the attention of economists, econometricians, and policy makers especially in and following politically tumultuous times. For instance, the primary commodity price boom of 1973/74 and the subsequent period of highly volatile world market prices initiated increased research on commodity markets which quickly focused on possible price stabilization schemes, particularly on buffer stocks. Simultaneously, the issue clearly advanced in priority on the political agenda, such that the United Nations Conference on Trade and Development (UNCTAD) proposed an "Integrated Program for Commodities" (IPC) intended to stabilize the world market prices of ten so-called "core commodities"l (UNCTAD (1974, 1976a), Behrman (1979)). Many developing nations welcomed the IPC almost enthusiastically, but it did not receive more than lukewarm support by major industrialized countries, apparently due to the experience with some thirty international commodity agreements past World War II2. Critical evaluations have, among others, been presented by McNicol (1978), Gordon-Ashworth (1984), and Macbean & Nguyen (1987). The most detailed of these studies is Gordon-Ashworth's, who concludes that "on balance ... the performance of international commodity agreements has been too unreliable and their distributive effects too uneven to secure the development goals that have been set" (1984, p. 284)3. Consequently, the IPC turned out to be quite controversial a topic on the UNCTAD's 1976 meeting in Nairobi and has not been able to gain any impetus since. lThese were cocoa, coffee, copper, cotton, jute, rubber, sisal, sugar, tea, and tin.
Author : World Bank
Publisher : World Bank Publications
Page : 384 pages
File Size : 49,5 Mb
Release : 2005
Category : Business & Economics
ISBN : 0821360434
This report was prepared by a team led by Roberto Zagha, under the general direction of Gobind Nankani.
Author : United States. Congress. House. Committee on Agriculture
Publisher : Unknown
Page : 1350 pages
File Size : 46,5 Mb
Release : 1991
Category : Agricultural laws and legislation
ISBN : PSU:000017883177