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Political Science > Agriculture & Food Policy

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Cover Policy Papers
The Managing Director’s Global Policy Agenda, Spring Meetings 2022: The Global Economy Under Stress: Repercussions, Response, and Resilience
International Monetary Fund
The global policy agenda that follows recalibrates priorities to meet the new reality we are facing. The IMF also continues to adjust to respond to the rapidly evolving needs of our membership. Our flexibility has been evident over the past two years of the COVID crisis: unprecedented emergency financing; a historic Special Drawing Rights (SDR) allocation; an innovative plan to end the pandemic. Now, as we face another crisis on top of a crisis, we will continue to step up and support our member countries in every way we can—with financial resources, policy advice, and capacity development—working in collaboration with our international partners.
Keywords:
global economy under stress; price pressure; scarring effect; global economy well; country delivery; COVID-19; Food security; Global
Cover IMF Working Papers
Macroeconomics and Famine
International Monetary Fund
The aim of the paper is to shift the focus of famine analysis away from food supply towards the macroeconomic determinants of food entitlement—i.e., to the ability of individuals to purchase food. Towards this end, we develop a model to demonstrate how loose monetary and fiscal policies may give rise to famine even when there is no change in per capita food output. We illustrate our findings with a description of the 1974 Bangladesh famine.
Keywords:
WP; efficiency wage; monetary policy; exchange rate; money supply; price of food; efficiency wage model; food price; transmission mechanism; private sector; supply shock; Hunger and malnutrition; Food security; Food prices; Wages