The maintenance and management of the NATO alliance is a delicate balancing act between responding to security threats and navigating the bargaining positions of the member states. This book highlights how the alliance managed to maintain that balance in an area critical to its operations today around the world - changing its Cold War-era doctrine and structures. Based on his findings, John Deni debates whether the NATO alliance ought to be considered by policy makers to be a political organization first and a military one second. Providing new empirical data valuable to our understanding of NATO's post-Cold War evolution, the book offers a unique perspective on alliance management and maintenance. It sheds light on the continuing debate surrounding NATO's role in security, how the alliance will fight and whether NATO is properly structured to continue providing security for its member states.
This paper provides a broad brush look at the impact of fluctuations in global food prices on domestic inflation in a large group of countries. For advanced economies, we find that these fluctuations have played a significant role over the period from 1960 to the present, but the impact has declined over time and become less persistent. We also find that the more recent global food price shocks occurred in the 2000s had a much bigger impact on emerging than on advanced economies. This larger impact could reflect the larger share of food in the consumption baskets in emerging economies on average than in advanced economies, and less anchored inflation expectations in emerging economies than in advanced economies.
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