01595cas a2200241 a 4500 AALejournalIMF011724 230101c9999 xx r poo 0 0eng d 5.00 USD 9781463938444 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Are Foreign Aid and Remittance Inflows a Hedge Against Food Price Shocks?. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (28 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper explores the role of foreign aid and remittance inflows in the mitigation of the effects of food price shocks. Using a large sample of developing countries and mobilising dynamic panel data specifications, the econometric results yield two important findings. First, remittance and aid inflows significantly dampen the effect of food price shocks in the most vulnerable countries. Second, a lower remittance-to-GDP ratio is required in order to fully absorb the effects of food price shocks compared to the corresponding aid-to-GDP ratio. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2012/067 Full text available on IMF http://elibrary.imf.org/view/journals/001/2012/067/001.2012.issue-067-en.xml IMF e-Library