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Macroeconomics and Famine
Author:
International Monetary Fund
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Series:
IMF Working Papers
Volume/Issue:
Volume 1989: Issue 025
Language:
English
Publication Date:
01 Jan 1989
DOI:
https://doi.org/10.5089/9781451920727.001
ISBN:
9781451920727
ISSN:
1018-5941
Pages:
45
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
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund