Logo
Munich Personal RePEc Archive

Macro-economic policy reactions to soaring food prices in Mediterranean countries, Russia, the CIS and the GCC

Peeters, Marga and Strahilov, Kiril (2008): Macro-economic policy reactions to soaring food prices in Mediterranean countries, Russia, the CIS and the GCC.

[thumbnail of MPRA_paper_23860.pdf]
Preview
PDF
MPRA_paper_23860.pdf

Download (280kB) | Preview

Abstract

The aim of this study is to analyse the price developments and to compare national macroeconomic policies in response to the consumer prices that started to soar in 2007 across the European Neighbourhood Policy countries, the other arcelona countries2, Russia, the Gulf Cooperation Council countries and the euro area. The analyses focus primarily on ag-flation, but we analyse also the capital inflows in view of income levels in the EU's neighbour countries. The analyses unambiguously show that food inflation was pushing up total inflation, even despite the provision of food subsidies by national authorities.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.