| dc.creator | Lederman, Daniel | |
| dc.creator | Porto, Guido Gustavo | |
| dc.date | 2016 | |
| dc.date | 2021-10-06T15:47:30Z | |
| dc.date.accessioned | 2023-07-15T03:32:49Z | |
| dc.date.available | 2023-07-15T03:32:49Z | |
| dc.identifier | http://sedici.unlp.edu.ar/handle/10915/126317 | |
| dc.identifier | issn:0257-3032 | |
| dc.identifier | issn:1564-6971 | |
| dc.identifier.uri | https://repositorioslatinoamericanos.uchile.cl/handle/2250/7466126 | |
| dc.description | This paper provides an overview of the impact of once-and-for-all changes in commodity prices and other prices on household welfare. It begins with a collection of stylized facts related to commodities based on household survey data from Latin America and Africa. The data uncover strong commodity dependence in both continents: households typically allocate a large fraction of their budget to commodities and they often depend on commodities to earn their income. This income and expenditure dependency suggests sizable impacts and adjustments following commodity-price shocks. The paper explores these effects with a review of the literature. It studies consumption and income responses, labor-market responses, and spillovers across sectors. It ends up providing evidence on the relative magnitudes of various mechanisms through which commodity prices affect household (and national) welfare in developing economies. | |
| dc.description | Facultad de Ciencias Económicas | |
| dc.format | application/pdf | |
| dc.language | en | |
| dc.rights | http://creativecommons.org/licenses/by-nc-sa/4.0/ | |
| dc.rights | Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) | |
| dc.subject | Ciencias Económicas | |
| dc.subject | Macroeconomics | |
| dc.subject | Economics | |
| dc.subject | Relative price | |
| dc.subject | Purchasing power | |
| dc.subject | Marketing board | |
| dc.subject | Indirect utility function | |
| dc.subject | Food prices | |
| dc.subject | Market integration | |
| dc.subject | Measures of national income and output | |
| dc.subject | Monetary economics | |
| dc.subject | Real income | |
| dc.title | The price is not always right: on the impacts of commodity prices on households (and countries) | |
| dc.type | Articulo | |
| dc.type | Articulo | |
