Unknown

Dataset Information

0

U.S. Federal Reserve Policies can cause Political instability by raising bread prices.


ABSTRACT: This note argues that the monetary policies of the U.S. Federal Reserve impact food prices globally and can - by extension - affect the incidence of food riots and broader social conflict. We additionally claim that these impacts are especially likely in the case of commodities with more price-inelastic demand, staple cereals in particular, but less likely in the case of food commodities with more price-elastic demand, such as meats and oil. Using mediation analysis, we find empirical support for the impact of changes to US dollar supply on food riots from 2000-2011. We also find that this relationship extends to broader measures of social conflict (including protests, riots, strikes, etc.). We conclude with a cautionary note about how to interpret these results.

Supplementary information

The online version contains supplementary material available at 10.1007/s12571-022-01300-0.

SUBMITTER: Koren O 

PROVIDER: S-EPMC9183752 | biostudies-literature |

REPOSITORIES: biostudies-literature

Similar Datasets

| S-EPMC8502796 | biostudies-literature
| S-EPMC2709851 | biostudies-other
| S-EPMC2517993 | biostudies-other
| S-EPMC9623878 | biostudies-literature
| S-EPMC6910073 | biostudies-literature
| S-EPMC8321219 | biostudies-literature
| S-EPMC7762564 | biostudies-literature
| S-EPMC8605798 | biostudies-literature
| S-EPMC4711967 | biostudies-literature
| S-EPMC6436681 | biostudies-literature