Has the Food Price Bubble Burst?
A reception in the lobby of Encina Hall will follow the event.
Bursting the Bubble: A Long Run Perspective
What are the long run drivers of global food prices? Given current market developments, what are the prospects for food price changes over the coming decades?
Thomas Hertel is Distinguished Professor of Agricultural Economics at Purdue University, where his research focuses on the global impacts of trade, climate and environmental policies. In 2013 he was awarded the inaugural Purdue University Research and Scholarship Distinction Award. Professor Hertel is a former Cargill Visiting Fellow at the Center on Food Security and the Environment at Stanford.
Dr. Hertel is a Fellow, and Past-President, of the Agricultural and Applied Economics Association (AAEA). He is also the founder and Executive Director of the Global Trade Analysis Project (GTAP) which now encompasses more than 10,000 researchers in 150 countries around the world (http://www.gtap.org). This Project maintains a global economic data base and an applied general equilibrium modeling framework which are documented in the book: Global Trade Analysis: Modeling and Applications, edited by Dr. Hertel, and published by Cambridge University Press in 1997.
Professor Hertel’s most recent research has focused on the impacts of climate change and mitigation policies on global trade, land use and poverty. During the 2011-12 year he was on leave at Stanford University, where he was engaged in inter-disciplinary research on these topics.
Previously, Professor Hertel has conducted research on the impacts of multilateral trade agreements, including the linkages between global trade policies and poverty in developing countries. His book: Poverty and the WTO (co-edited with L. Alan Winters) received the AAEA Quality of Communication award. Other AAEA awards include: Distinguished Policy Contribution and Outstanding Journal Article.
If the Food Price Bubble Burst, Would It Matter?
What are the economic and political implications of a bursting of the food price bubble?
Johan Swinnen is President of the International Association of Agricultural Economists, a Fellow of the AAEA (Association of (the US) Agricultural and Applied Economists ); a Fellow of the ERAE (European Association of Agricultural Economists). He is also President of The Beeronomics Society. He holds a Ph.D from Cornell University and a Honorary Doctorate from the Slovak Agricultural University.
He is currently Visiting Professor at the Centre for Food Security and the Environment at Stanford University and (since many years) Professor of Economics and Director of the LICOS-Centre for Institutions and Economic Performance -- a Centre of Excellence -- at the KU Leuven, Belgium. He is also Senior Research Fellow at the Centre for European Policy Studies (CEPS), Brussels, where he directs the programme on EU agricultural and rural policy.
He was previously Lead Economist at the World Bank and Economic Advisor at the European Commission. He is a regular consultant for these organizations and for the OECD, FAO, the EBRD, and several Governments and was coordinator of several international research networks on food policy, institutional reforms, and economic development.
He has published widely on political economy, institutional reform, trade, global supply chains, product standards, agricultural policy and global food security. His publications have appeared in leading academic journals, such as the Journal of Economic Literature Science, and Nature.
This lecture is the first installment of FSE's Food and Nutrition Policy Symposium Series.
Bechtel Conference Center
Johan Swinnen
LICOS Center for Transition Economics
K.U.Leuven
Deberiotstraat
34 3000 Leuven, Belgium
Johan Swinnen is Professor of Development Economics and Director of LICOS Center for Institutions and Economic Performance at the University of Leuven (KUL) in Belgium. He is also Senior Research Fellow at the Centre for European Policy Studies (CEPS), Brussels, where he directs the programme on EU agricultural and rural policy. From 2003 to 2004 he was Lead Economist at the World Bank and from 1998 to 2001 Economic Advisor at the European Commission.
He is a regular consultant for these organizations and for the OECD, FAO, the EBRD, and several governments and was coordinator of several international research networks on food policy, institutional reforms, and economic development. He is President—Elect of the International Association of Agricultural Economists and a Fellow of the European Association of Agricultural Economists. He holds a Ph.D from Cornell University.
His research focuses on institutional reform and development, globalization and international integration, media economics, and agriculture and food policy. His latest books are “Political Power and Economic Policy” (Cambridge Univ Press), “The Perfect Storm: The Political Economy of the Reform of the Common Agricultural Policy” (CEPS), “Global Supply Chains, Standards, and the Poor” (CABI), “Distortions to Agricultural Incentives in the Transition Economies of Europe and Central Asia” (World Bank Publications), and “From Marx and Mao to the Market” (Oxford University Press -- and Chinese translation by Beijing University Press). He is the president of The Beeronomics Society and editor of the book “The Economics of Beer” (Oxford Univ Press).
Thomas Hertel
Center on Food Security and the Environment
473 Via Ortega, room 365
Stanford, CA 94305-4205
Hertel is a Distinguished Professor of Agricultural Economics at Purdue University. His research focuses on the economy-wide impacts of global trade and environmental policies with a particular interest in the impacts of energy and climate policies on global land use and poverty. He is also Executive Director, and founder of the Center for Global Trade Analysis, and Past-President of the Agricultural and Applied Economics Association (AAEA).
During his stay at Stanford he undertook research into the impacts of climate change and climate policy on agriculture, food security and poverty. In the winter quarter he co-taught an FSE seminar (with David Lobell) on the long run determinants of global agricultural land use.