The Resource Potential Market Effects of Selected Policy Options in Emerging Economies to Address Future Commodity Price Surges, Wyatt Thompson and Grégoire Tallard, (electronic resource)

Potential Market Effects of Selected Policy Options in Emerging Economies to Address Future Commodity Price Surges, Wyatt Thompson and Grégoire Tallard, (electronic resource)

Label
Potential Market Effects of Selected Policy Options in Emerging Economies to Address Future Commodity Price Surges
Title
Potential Market Effects of Selected Policy Options in Emerging Economies to Address Future Commodity Price Surges
Statement of responsibility
Wyatt Thompson and Grégoire Tallard
Creator
Contributor
Subject
Language
eng
Summary
This report examines the market outcomes of different policy options that could be adopted in the event of a future spike in the world price of wheat and rice. The three policies - additional border measures, consumer subsidies or public stocks - only partly mitigate the effect of a price spike on consumers in the implementing countries. However, taxpayer costs can be large, particularly for broad consumer subsidies or to build and carry grain stocks. Trade measures reduce domestic prices to producers, suppressing long-run supply response. There are also negative unintended consequences for international markets and market participants in other countries that trade on these markets. New consumer subsidies or trade measures introduced by some countries to offset rising international grain prices causes those prices to rise even more in other countries. Releasing public stocks eases tight markets and lowers prices in all markets, helping to reduce the price spike, but stock building and rebuilding phases mean higher market prices and less food consumption at other times. In conclusion, none of these policies is an unambiguous solution that sustains food consumption during times of high prices with minimal taxpayer and other costs
Member of
Has edition
Cataloging source
FR-PaOEC
http://library.link/vocab/creatorName
Thompson, Wyatt
Government publication
international or intergovernmental publication
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
Tallard, Grégoire
Series statement
OECD Food, Agriculture and Fisheries Working Papers,
Series volume
no.35
http://library.link/vocab/subjectName
Agriculture and Food
Label
Potential Market Effects of Selected Policy Options in Emerging Economies to Address Future Commodity Price Surges, Wyatt Thompson and Grégoire Tallard, (electronic resource)
Instantiates
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
762089724
Dimensions
21 x 30 cm
Extent
1 online resource 26 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/5km658j3r85b-en
Specific material designation
remote
System control number
(OCoLC)762089724
Label
Potential Market Effects of Selected Policy Options in Emerging Economies to Address Future Commodity Price Surges, Wyatt Thompson and Grégoire Tallard, (electronic resource)
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
762089724
Dimensions
21 x 30 cm
Extent
1 online resource 26 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/5km658j3r85b-en
Specific material designation
remote
System control number
(OCoLC)762089724

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