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The second international food and fuel price shock and Forum island economies


  • Martin Gould

    (Treasury, Government of Australia)

  • Giles Dickenson-Jones

    (Treasury, Government of Australia)

  • Richard Wood

    (Treasury, Government of Australia)


This note analyses the recent strong surge in international food and fuel prices and discusses the implications for Forum island countries (FICs). It identifies likely economic impacts and reviews policy options.

Suggested Citation

  • Martin Gould & Giles Dickenson-Jones & Richard Wood, 2011. "The second international food and fuel price shock and Forum island economies," Economic Roundup, The Treasury, Australian Government, issue 3, pages 19-44, October.
  • Handle: RePEc:tsy:journl:journl_tsy_er_2011_3_2

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    Cited by:

    1. Cororaton, Caesar B. & Knight, David S., 2014. "The impact of exogenous shocks on households in the Pacific : a micro-simulation analysis," Policy Research Working Paper Series 7046, The World Bank.

    More about this item


    business cycles; food subsidy; oil price shock;

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General


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