TY - BOOK ID - 84542731 TI - Are Foreign Aid and Remittance Inflows a Hedge Against Food Price Shocks?. PY - 2012 SN - 1463949596 1463949588 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Economic assistance KW - Food prices KW - Food KW - Agricultural prices KW - Food industry and trade KW - Economic aid KW - Foreign aid program KW - Foreign assistance KW - Grants-in-aid, International KW - International economic assistance KW - International grants-in-aid KW - Economic policy KW - International economic relations KW - Conditionality (International relations) KW - Econometric models. KW - Prices KW - Exports and Imports KW - Macroeconomics KW - Remittances KW - Foreign Aid KW - Development Planning and Policy: Trade Policy KW - Factor Movement KW - Foreign Exchange Policy KW - Commodity Markets KW - Urban, Rural, and Regional Economics: Household Analysis: General KW - Agriculture: Aggregate Supply and Demand Analysis KW - Macroeconomics: Consumption KW - Saving KW - Wealth KW - International economics KW - Commodity price shocks KW - Household consumption KW - Consumption KW - National accounts KW - Balance of payments KW - Economics KW - International finance KW - Russian Federation UR - https://www.unicat.be/uniCat?func=search&query=sysid:84542731 AB - This paper explores the role of foreign aid and remittance inflows in the mitigation of the effects of food price shocks. Using a large sample of developing countries and mobilising dynamic panel data specifications, the econometric results yield two important findings. First, remittance and aid inflows significantly dampen the effect of food price shocks in the most vulnerable countries. Second, a lower remittance-to-GDP ratio is required in order to fully absorb the effects of food price shocks compared to the corresponding aid-to-GDP ratio. ER -