Publikationsserver
Causes of the 2000s Food Price Surge: New Evidence fromStructural VAR
In 2001 began a rise in the prices of food commodities not seen since the 1970s. Some observers attribute the increase in part to food commodity spec- ulation. This hypothesis is examined by disentangling the impact of specu- lation on grain prices from that of fundamental supply and demand force...
Tallennettuna:
| Julkaisussa: | MAGKS - Joint Discussion Paper Series in Economics (Band 31-2016) |
|---|---|
| Päätekijä: | |
| Aineistotyyppi: | Artikkeli |
| Kieli: | englanti |
| Julkaistu: |
Philipps-Universität Marburg
2016
|
| Aiheet: | |
| Linkit: | PDF-kokoteksti |
| Tagit: |
Lisää tagi
Ei tageja, Lisää ensimmäinen tagi!
|
| Yhteenveto: | In 2001 began a rise in the prices of food commodities not seen since the
1970s. Some observers attribute the increase in part to food commodity spec-
ulation. This hypothesis is examined by disentangling the impact of specu-
lation on grain prices from that of fundamental supply and demand forces.
Even though results point to a generally stabilising in uence of speculation on prices, speculation is shown to have pushed prices further up during crisis years. The analysis is based on a structural vector autoregressive model identified by sign and zero restrictions. The model is estimated for global corn,
wheat and rice markets. |
|---|---|
| Ulkoasu: | 26 Seiten |
| ISSN: | 1867-3678 |
| DOI: | 10.17192/es2024.0484 |