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WORKING PAPERS
December 12, 2008
Post-doctoral fellow Jenny Aker assesses the impact of weather shocks on grain markets in Niger. Droughts and crop failures occurred in Niger in both 2000 and 2004, but only the 2004 drought resulted in a severe food crisis. Many were quick to cite market failure and hoarding as causes of the cri...
ESSAYS
December 12, 2008
Post-doctoral fellow Jenny C. Aker supports the innovation of the World Food Program's new Purchase-for-Progress initiative but argues that it might not be the panacea that others claim. She questions some of the assumptions of the P4P and cites some potential unintended consequences, especially for...
WORKING PAPERS
November 04, 2008
World food prices risen over the past five years at an alarming pace after decreasing for three consecutive decades. CGD visiting fellow Nora Lustig argues that despite some relief since July 2008, the price hikes significantly set back poverty reduction, upset social stability, promote inflation, c...
ESSAYS
September 16, 2008
In this essay, CGD post-doctoral fellow Jenny Aker analyzes the performance of grain markets in Niger during its 2005 food crisis, when an estimated 2.4 million people were affected by severe food shortages, to find ways to avoid future crises. She finds that local grain markets are highly responsiv...
ESSAYS
August 15, 2008
CGD senior fellow Liliana Rojas-Suarez argues that the recent sharp spike in food and oil prices, above the long term upward trend, threatens Latin America’s stability and is the result of excess global liquidity and the U.S. credit mess. She says the region must fight inflation now and, going forw...
WORKING PAPERS
August 11, 2008
While the precise contribution of biofuels to surging food prices is difficult to know, policies promoting production of the current generation of biofuels are not achieving their stated objectives of increased energy independence or reduced greenhouse gas emissions. Reaching the congressionally man...