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Macroeconomics and Famine [electronic resource]

By: International Monetary Fund.
Material type: materialTypeLabelBookSeries: IMF Working Papers; Working Paper: No. 89/25Publisher: Washington, D.C. : International Monetary Fund, 1989Description: 1 online resource (45 p.).ISBN: 1451920725 :.ISSN: 1018-5941.Subject(s): Food Availability | Food Consumption | Food Output | Food Stocks | Hunger | BangladeshAdditional physical formats: Print Version:: Macroeconomics and FamineOnline resources: IMF e-Library | IMF Book Store Abstract: The aim of the paper is to shift the focus of famine analysis away from food supply towards the macroeconomic determinants of food entitlement-i.e., to the ability of individuals to purchase food. Towards this end, we develop a model to demonstrate how loose monetary and fiscal policies may give rise to famine even when there is no change in per capita food output. We illustrate our findings with a description of the 1974 Bangladesh famine.
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The aim of the paper is to shift the focus of famine analysis away from food supply towards the macroeconomic determinants of food entitlement-i.e., to the ability of individuals to purchase food. Towards this end, we develop a model to demonstrate how loose monetary and fiscal policies may give rise to famine even when there is no change in per capita food output. We illustrate our findings with a description of the 1974 Bangladesh famine.

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