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On the other hand however, global food wastage is also at a all time high. Nearly 253 pounds of food is wasted every year by an average person globally. In advanced or developed economies, this number can be even higher. The level of global food wastage only seeks to highlight the problem of food shortages. Hand in hand, these two issues also weigh heavily on rising food prices.
What are the factors behind the current food crisis and what can be done to resolve the conflict between food shortage and food wastage?
Created by: Public Health Degree
The global crisis changed the face of monetary policy. Central banks deployed new tools to counter the effects of the crisis, which have reduced the risk of deflation, stabilised the financial system and calmed financial markets; but potential negative side effects remain. Two weeks ago, the IMF organized a major research conference, in honour of Stanley Fischer, on lessons from the crisis. Here is my take. I shall focus on what I see as the lessons for monetary policy, but before I do this, let me mention two other important conclusions. Read more
Mario Blejer & Eduardo Levy Yeyati,
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