Price Controls
The use of price controls is widespread across emerging markets and developing economies, including for food and key imported and exported commodities. Although they are sometimes used as a tool for social policy, price controls can dampen investment and growth, worsen poverty outcomes, cause countries to incur heavy fiscal burdens, and complicate the effective conduct of monetary policy. Replacing price controls with expanded and better-targeted social safety nets, coupled with reforms to encourage competition and a sound regulatory environment, can be pro-poor and pro-growth. Such reforms need to be carefully communicated and sequenced to ensure political and social acceptance. Where they exist, price control regimes should be transparent and supported by well-capitalized stabilization funds or national hedging strategies to ensure fiscal sustainability.
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| Format: | Working Paper biblioteca |
| Language: | English |
| Published: |
World Bank, Washington, DC
2020-04
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| Subjects: | PRICE CONTROL, PRICE POLICY, INCOMES POLICY, PUBLIC EXPENDITURE, SUBSIDIES, SAFETY NETS, SOCIAL WELFARE PROGRAMS, |
| Online Access: | http://documents.worldbank.org/curated/en/735161586781898890/Price-Controls-Good-Intentions-Bad-Outcomes https://hdl.handle.net/10986/33606 |
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dig-okr-10986336062024-08-09T06:25:21Z Price Controls Good Intentions, Bad Outcomes Guenette, Justin-Damien PRICE CONTROL PRICE POLICY INCOMES POLICY PUBLIC EXPENDITURE SUBSIDIES SAFETY NETS SOCIAL WELFARE PROGRAMS The use of price controls is widespread across emerging markets and developing economies, including for food and key imported and exported commodities. Although they are sometimes used as a tool for social policy, price controls can dampen investment and growth, worsen poverty outcomes, cause countries to incur heavy fiscal burdens, and complicate the effective conduct of monetary policy. Replacing price controls with expanded and better-targeted social safety nets, coupled with reforms to encourage competition and a sound regulatory environment, can be pro-poor and pro-growth. Such reforms need to be carefully communicated and sequenced to ensure political and social acceptance. Where they exist, price control regimes should be transparent and supported by well-capitalized stabilization funds or national hedging strategies to ensure fiscal sustainability. 2020-04-16T19:29:05Z 2020-04-16T19:29:05Z 2020-04 Working Paper Document de travail Documento de trabajo http://documents.worldbank.org/curated/en/735161586781898890/Price-Controls-Good-Intentions-Bad-Outcomes https://hdl.handle.net/10986/33606 English Policy Research Working Paper;No. 9212 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank application/pdf World Bank, Washington, DC |
| institution |
Banco Mundial |
| collection |
DSpace |
| country |
Estados Unidos |
| countrycode |
US |
| component |
Bibliográfico |
| access |
En linea |
| databasecode |
dig-okr |
| tag |
biblioteca |
| region |
America del Norte |
| libraryname |
Biblioteca del Banco Mundial |
| language |
English |
| topic |
PRICE CONTROL PRICE POLICY INCOMES POLICY PUBLIC EXPENDITURE SUBSIDIES SAFETY NETS SOCIAL WELFARE PROGRAMS PRICE CONTROL PRICE POLICY INCOMES POLICY PUBLIC EXPENDITURE SUBSIDIES SAFETY NETS SOCIAL WELFARE PROGRAMS |
| spellingShingle |
PRICE CONTROL PRICE POLICY INCOMES POLICY PUBLIC EXPENDITURE SUBSIDIES SAFETY NETS SOCIAL WELFARE PROGRAMS PRICE CONTROL PRICE POLICY INCOMES POLICY PUBLIC EXPENDITURE SUBSIDIES SAFETY NETS SOCIAL WELFARE PROGRAMS Guenette, Justin-Damien Price Controls |
| description |
The use of price controls is widespread across emerging
markets and developing economies, including for food and
key imported and exported commodities. Although they
are sometimes used as a tool for social policy, price controls
can dampen investment and growth, worsen poverty
outcomes, cause countries to incur heavy fiscal burdens,
and complicate the effective conduct of monetary policy.
Replacing price controls with expanded and better-targeted
social safety nets, coupled with reforms to encourage competition
and a sound regulatory environment, can be
pro-poor and pro-growth. Such reforms need to be carefully
communicated and sequenced to ensure political and
social acceptance. Where they exist, price control regimes
should be transparent and supported by well-capitalized
stabilization funds or national hedging strategies to ensure
fiscal sustainability. |
| format |
Working Paper |
| topic_facet |
PRICE CONTROL PRICE POLICY INCOMES POLICY PUBLIC EXPENDITURE SUBSIDIES SAFETY NETS SOCIAL WELFARE PROGRAMS |
| author |
Guenette, Justin-Damien |
| author_facet |
Guenette, Justin-Damien |
| author_sort |
Guenette, Justin-Damien |
| title |
Price Controls |
| title_short |
Price Controls |
| title_full |
Price Controls |
| title_fullStr |
Price Controls |
| title_full_unstemmed |
Price Controls |
| title_sort |
price controls |
| publisher |
World Bank, Washington, DC |
| publishDate |
2020-04 |
| url |
http://documents.worldbank.org/curated/en/735161586781898890/Price-Controls-Good-Intentions-Bad-Outcomes https://hdl.handle.net/10986/33606 |
| work_keys_str_mv |
AT guenettejustindamien pricecontrols AT guenettejustindamien goodintentionsbadoutcomes |
| _version_ |
1807156379352301568 |