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Food Price Volatility and EU Policies

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  • Knops, Louise
  • van Herck, Kristine
  • Swinnen, Johan F. M.

Abstract

Changes in global food prices have affected EU producers and consumers and have triggered policy reactions through the EU´s political process. In particular, the EU and member states responded by social policies to protect their consumers, attempts to regulate `speculation´ on agricultural commodities, revisions of sustainability requirements for biofuels, international development and food aid, and changes in the EU´s Common Agricultural Policy (CAP). With the exception of biofuel regulations, policy changes have been relatively limited and the effects on global food markets minor. The reasons are that the impact of global price volatility on EU consumers has been limited and the link between the CAP and the world market is much smaller than it was twenty years ago.

Suggested Citation

  • Knops, Louise & van Herck, Kristine & Swinnen, Johan F. M., 2013. "Food Price Volatility and EU Policies," WIDER Working Paper Series 032, World Institute for Development Economic Research (UNU-WIDER).
  • Handle: RePEc:unu:wpaper:wp2013-032
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    File URL: https://www.wider.unu.edu/sites/default/files/WP2013-032.pdf
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    References listed on IDEAS

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    5. Kym Anderson & Gordon Rausser & Johan Swinnen, 2013. "Political Economy of Public Policies: Insights from Distortions to Agricultural and Food Markets," Journal of Economic Literature, American Economic Association, vol. 51(2), pages 423-477, June.
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    12. Jan Pokrivcak & Christophe Crombez & Johan F. M. Swinnen, 2006. "The status quo bias and reform of the Common Agricultural Policy: impact of voting rules, the European Commission and external changes," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 33(4), pages 562-590, December.
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    Keywords

    Agriculture; International economic relations; Prices; Taxation;

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