| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP334 |
| DP334 Food Subsidies and Inflation in Developing Countries: A Bridge Between Structuralism and Monetarism | |
| David Vines; T. G. Srinivasan; Vincent Parkin | |
| 发表日期 | 1989-08-01 |
| 出版年 | 1989 |
| 语种 | 英语 |
| 摘要 | This paper examines the efficacy of food consumption subsidies as anti-inflation policy in developing countries characterized by rigidities of food supply. First a standard structuralist model is utilized to show that though a policy of food consumption subsidies brings down inflation in the very short run, eventually it is self-defeating: a lower relative price of food encourages demand for scarce food and exacerbates inflationary pressures. Next, a monetarist feature, the asset creation effects of subsidy payments feeding through the government budget constraint, is added to the structuralist model. One might expect that this would reinforce the results of the structuralist model, but it is shown that the ensuing inflation is not unambiguously higher than the inflation in the pure structuralist version. |
| 主题 | International Macroeconomics ; International Trade and Regional Economics |
| 关键词 | agriculture Developing countries Food supply inflation Subsidies |
| URL | https://cepr.org/publications/dp334 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529489 |
| 推荐引用方式 GB/T 7714 | David Vines,T. G. Srinivasan,Vincent Parkin. DP334 Food Subsidies and Inflation in Developing Countries: A Bridge Between Structuralism and Monetarism. 1989. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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