Rising Food and Energy Prices in Europe and Central Asia

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dc.creatorWorld Bank
dc.date2017-06-27T17:13:51Z
dc.date2017-06-27T17:13:51Z
dc.date2011
dc.date.accessioned2026-07-01T01:01:14Z
dc.descriptionThe purpose of this paper is to illustrate the channels through which rising commodity prices might affect countries in the Europe and Central Asia Region (ECA) in the short run and to indicate which countries are most likely to be significantly affected. This paper discusses the effects of the global food and energy price increases on ECA countries from two perspectives: (a) impacts on the macro-economy through inflation, the trade balance, fiscal accounts and growth; and (b) distributional impacts within countries. It aims to highlight vulnerabilities to rising commodity prices and discusses some policy interventions to mitigate the impact of rising prices. It puts the ECA experience in the context of the last commodity price increase as well the recent global economic crisis. Section one summarizes the state of global commodity markets. Section two discusses the main macroeconomic channels through which commodity price increases affect the economy. Section three discusses the potential poverty impacts of the price increases and the ability of countries' social assistance systems to deal with the heightened need for social assistance. It also discusses country responses to the crisis to date with reference to policies followed during the 2008 price hikes. Section four examines ECA's agriculture sector and potential responses to the commodity price increase and price volatility. Section five discusses the energy sector. Bank support to ECA countries to help deal with commodity market a development is discussed in annexes one.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/462391468024643915/Rising-food-and-energy-prices-in-Europe-and-Central-Asia
dc.identifierhttps://hdl.handle.net/10986/27354
dc.identifierhttps://doi.org/10.1596/27354
dc.identifier.urihttp://hdl.handle.net/123456789/414297
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsWorld Bank
dc.subjectAGRICULTURAL PRODUCTION
dc.subjectAGRICULTURE
dc.subjectAPPROACH
dc.subjectAVERAGE HOUSEHOLD CONSUMPTION
dc.subjectBALANCE
dc.subjectBREAD
dc.subjectCLIMATE
dc.subjectCOMMODITY
dc.subjectCOMMODITY MARKETS
dc.subjectCOMMODITY PRICE
dc.subjectCONSUMPTION PATTERNS
dc.subjectCOTTON PRICES
dc.subjectCRUDE OIL
dc.subjectCURRENCY
dc.subjectCURRENT ACCOUNT BALANCES
dc.subjectCURRENT ACCOUNT SURPLUS
dc.subjectDEBT
dc.subjectDEMAND FOR FOOD
dc.subjectDEMAND MANAGEMENT
dc.subjectDEVELOPING COUNTRIES
dc.subjectDISTRIBUTIONAL IMPACTS
dc.subjectDOMESTIC INFLATION
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC CONDITIONS
dc.subjectECONOMIC CRISIS
dc.subjectECONOMIC STRUCTURES
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKET COUNTRIES
dc.subjectEMPLOYMENT
dc.subjectENERGY COSTS
dc.subjectENERGY EFFICIENCY
dc.subjectENERGY EFFICIENCY INVESTMENTS
dc.subjectENERGY EXPORTS
dc.subjectENERGY MARKET
dc.subjectENERGY PRICE
dc.subjectENERGY PRICING
dc.subjectENERGY PRODUCTS
dc.subjectENERGY SUBSIDIES
dc.subjectENERGY SYSTEM
dc.subjectENERGY USE
dc.subjectEQUILIBRIUM PRICE
dc.subjectEXCHANGE RATES
dc.subjectEXPENDITURES
dc.subjectEXTERNAL FINANCING
dc.subjectEXTERNAL SHOCKS
dc.subjectEXTREME POVERTY
dc.subjectFINANCIAL CRISIS
dc.subjectFISCAL DEFICITS
dc.subjectFISCAL POLICIES
dc.subjectFOOD CONSUMPTION
dc.subjectFOOD IMPORTS
dc.subjectFOOD MARKETS
dc.subjectFOOD PRICE
dc.subjectFOOD PRICE INFLATION
dc.subjectFOOD PRODUCTION
dc.subjectFOREIGN FUNDS
dc.subjectFRUITS
dc.subjectFUEL
dc.subjectFUEL PRICES
dc.subjectFUEL SUPPLY
dc.subjectFUTURE PRICE
dc.subjectGAS
dc.subjectGAS PRODUCTION
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBAL MARKET
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHIGH ENERGY INTENSITY
dc.subjectHIGHER ENERGY PRICES
dc.subjectHOUSEHOLD BEHAVIOR
dc.subjectIMPORT PRICES
dc.subjectIMPROVEMENTS IN ENERGY EFFICIENCY
dc.subjectINCOME
dc.subjectINFLATION RATES
dc.subjectMARKET CONDITIONS
dc.subjectMARKET DEVELOPMENTS
dc.subjectMARKET PRICES
dc.subjectMIDDLE-INCOME COUNTRIES
dc.subjectMONETARY POLICY
dc.subjectNATURAL GAS
dc.subjectOIL EXPORTERS
dc.subjectOIL MARKETS
dc.subjectOIL PRICE
dc.subjectOIL SUPPLY
dc.subjectOUTPUT
dc.subjectPENSIONS
dc.subjectPOLICY RESPONSE
dc.subjectPOWER
dc.subjectPRICE CHANGES
dc.subjectPRICE CONTROLS
dc.subjectPRICE DECREASES
dc.subjectPRICE INCREASE
dc.subjectPRICE INDEX
dc.subjectPRICE INDICES
dc.subjectPRICE INFLATION
dc.subjectPRICE OF OIL
dc.subjectPRICE VOLATILITY
dc.subjectPRICING POLICIES
dc.subjectPUBLIC FINANCE
dc.subjectPURCHASING
dc.subjectPURCHASING POWER
dc.subjectRENEWABLE ENERGY
dc.subjectRENEWABLE ENERGY PRODUCTION
dc.subjectRISING COST
dc.subjectSAFETY NETS
dc.subjectSAVINGS
dc.subjectSOCIAL PROTECTION
dc.subjectSOCIAL SAFETY NET
dc.subjectSUBSTITUTE
dc.subjectSUPPLIERS
dc.subjectSURPLUS
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectTAX
dc.subjectTAX REVENUE
dc.subjectTRADE DEFICIT
dc.subjectTRADE DEFICITS
dc.subjectVEGETABLES
dc.subjectWHEAT
dc.subjectWORLD DEVELOPMENT INDICATORS
dc.subjectWORLD MARKETS
dc.titleRising Food and Energy Prices in Europe and Central Asia
dc.typeReport
dc.typeRapport
dc.typeInforme

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