Managing Food Price Volatility in a Large Open Country : The Case of Wheat in India

India has pursued an active food security policy for many years, using a combination of trade policy interventions, public distribution of food staples, and assistance to farmers through minimum support prices defended by public stocks. This policy...

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Bibliographic Details
Main Authors:	Gouel, Christophe, Gautam, Madhur, Martin, William J., `Martin, Will J.
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	PROFIT MAXIMIZATION SUBSTITUTION PRODUCTION MULTIPLIERS PRICE LEVELS PRICE STABILIZATION LAGS STOCK STABILIZATION POLICIES SALES INCOME INTEREST EXPECTATIONS MARGINAL COST TRADE BARRIERS INTEREST RATE EXCHANGE EXPORTS DOMESTIC MARKET ELASTICITY PRODUCER PRICES PRIVATE ENTITY WELFARE OPTIMIZATION INCENTIVES FAIR EQUILIBRIUM DISTRIBUTION VARIABLES DOMESTIC PRICE SUBSIDY PRICE REAL INCOME INPUTS PRICE UNCERTAINTY FREE TRADE CASH FLOWS RISK‐NEUTRAL TRENDS CHOICE STABILIZATION POLICY PUBLIC POLICY INFLUENCE SAVINGS COSTS DEVELOPMENT ECONOMICS DEMAND ELASTICITY PRICE VOLATILITY FOOD PRICE OUTPUTS SURPLUS PRODUCTS EXCHANGE RATES ECONOMETRICS INTEREST RATES LAISSEZ‐FAIRE FAILURES CRITERIA MARKETING MARKETS OPEN ECONOMY PRICE ELASTICITY PRICE POLICY TRADE POLICY PRODUCT PRICE BEHAVIOR UTILITY SUPPLY ELASTICITY SUBSIDIES COMMODITY PRICE TRADE POLICIES MARKET PRICE TAXES PRICE CHANGE MARKET ECONOMY INCOMPLETE MARKETS CONSUMPTION RISK NEUTRAL OPPORTUNITY COST FRAUD INTERNATIONAL TRADE VOLATILITY BARRIERS MARKET CONDITIONS MARKET FAILURES MARKET PRICES VALUE PRODUCER PRICE DEMAND AGGREGATE DEMAND PRICE RISK DEMAND FUNCTION FLOOR PRICE CONSUMER PRICE PRICE STABILITY TIME VALUE OF MONEY PRICE CHANGES AGRICULTURE CONSUMERS EQUATIONS EQUILIBRIUM VALUES RAPID EXPANSION MARKET BENCHMARK ECONOMIC THEORY MIDDLE-INCOME COUNTRY PRICE INSTABILITY CLOSED ECONOMY OUTPUT PRICE MOVEMENTS BIDDING TRADE DOMESTIC PRICES THEORY SECURITY STOCKS MARKET EQUILIBRIUM SHARE SUPPLY PURCHASING MARKET POWER RISK‐AVERSE CONSUMER PRICE INDEX WORLD TRADE COMMUNICATION COMMODITIES EXCHANGE RATE LAISSEZ FAIRE RISK AVERSION FOOD PRICES ARBITRAGE ACCELERATOR ECONOMICS RESEARCH PRICE INDEX BORDER PRICE OUTCOMES MARGINAL UTILITY COMMODITY WORLD MARKET PRICES VALUE OF MONEY CASH FLOW DEVELOPMENT POLICY STORAGE
Online Access:	http://documents.worldbank.org/curated/en/2016/02/25860944/managing-food-price-volatility-large-open-country-case-wheat-india http://hdl.handle.net/10986/23728

Internet

http://documents.worldbank.org/curated/en/2016/02/25860944/managing-food-price-volatility-large-open-country-case-wheat-india
http://hdl.handle.net/10986/23728

Managing Food Price Volatility in a Large Open Country : The Case of Wheat in India

Internet

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