Modeling Public Policies in Latin America and the Caribbean

image of Modeling Public Policies in Latin America and the Caribbean

The Inter-American Development Bank (IDB) and the Economic Commission for Latin America and the Caribbean (ECLAC) have formed a partnership to promote a regional network of computable general equilibrium (CGE) modellers that facilitates the exchange of analytical findings, techniques and data, with the ultimate objective of better serving policymakers in policy formulation. The regional meetings of CGE modellers, held annually in a different country of the region, have been instrumental in promoting interregional transfer of analytical technologies and in bringing the region closer to international best practices. This book contains a selection of studies discussed in past annual regional meetings on modelling.



World food price increases and Brazil: an opportunity for everyone?

After a period of steady growth, the world economy has recently entered a new phase of instability. A major aspect of this scenario was the recent increase in world commodity prices, which became a source of economic concern for policymakers all over the world. Of particular interest among those commodities is the increase in food prices, which began to rise in 2002 and have accelerated markedly over the last few years (FAO, 2008a). There is an ongoing and intense debate about the causes of this persistent price increase, and it is well established that there are many causes behind this phenomenon, including the rapid rate of economic growth in developing countries, falling food stocks and rising demand, short harvests in some major countries, oil price increases and the devaluation of the United States dollar in relation to most other currencies.


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