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PRODID:-//Indira Gandhi Institute of Development Research - ECPv4.1.2//NONSGML v1.0//EN
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X-WR-CALNAME:Indira Gandhi Institute of Development Research
X-ORIGINAL-URL:http://www.igidr.ac.in
X-WR-CALDESC:Events for Indira Gandhi Institute of Development Research
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DTSTART;TZID=Asia/Kolkata:20220921T161500
DTEND;TZID=Asia/Kolkata:20220921T173000
DTSTAMP:20260403T201647
CREATED:20220920T115714
LAST-MODIFIED:20220920T120105
UID:14665-1663776900-1663781400@www.igidr.ac.in
SUMMARY:IGIDR Seminar: Food\, Fuel\, and Facts: Distributional Effects of External Shocks
DESCRIPTION:Date and Time: 21st September 2022 at 4.15 p.m. (IST)\nSpeaker: Dr. Gautham Udupa\, Research Director at CAFRAL\nVenue: Seminar-1\nAbstract:-\nIn this paper we investigate the distributional implications of rising global food and oil prices using rich consumption and income panel data from India. We show that these external price shocks pass-through to domestic prices. We document that consumption inequality rises for the entire horizon of one year following a positive shock to global food and fuel prices. Using a household panel local projection method\, we estimate heterogeneous consumption effects along the income distribution. We find robust evidence that lower income deciles are hit harder by rise in food prices\, whereas rise in fuel prices hit both the lower and the middle income deciles. For both shocks\, however\, consumption of top income deciles is largely unscathed. The effects of external price shocks on inequality are quantitatively large and economically meaningful.\n\n[button link="https://youtu.be/z6nJH1m-OM0" size="large" color="red"]View Live on YouTube[/button]\n\n \n\n 
URL:http://www.igidr.ac.in/seminars/igidr-seminar-food-fuel-facts-distributional-effects-external-shocks/
LOCATION:Indira Gandhi Institute of Development Research\, Mumbai\, Maharashtra\, 400065\, India
CATEGORIES:Seminars,Upcoming events
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