Commodity Price Stabilization in a Peasant Economy
نویسندگان
چکیده
منابع مشابه
Oil Price Uncertainty in the Iranian Economy
T he relationship between the price of oil and the level of economic activity is a fundamental empirical issue in macroeconomics. In this research, by using a multivariate GARCH-in-Mean VAR, we try to investigate direct effects of uncertainty of oil price on macroeconomics of Iran by using annually data from 1965 to 2013.Results show that uncertainty about oil prices had a negative a...
متن کاملVolatility and Commodity Price Dynamics
Commodity prices tend to be volatile, and volatility itself varies over time. Changes in volatility can affect market variables by directly affecting the marginal value of storage, and by affecting a component of the total marginal cost of production: the opportunity cost of exercising the option to produce the commodity now rather than waiting for more price information. I examine the role of ...
متن کاملRecent Commodity Price Movements in Historical Perspective
Important agricultural commodity prices more than tripled from prices observed in 2005 and 2006 to those observed in the spring and summer of 2008. Prices subsequently fell precipitously so that by early November 2008 (and continuing in the subsequent few months), the near-term futures prices of corn, wheat, and soybeans stood about 50–70% higher than before the price run-up began.1 The huge pe...
متن کاملDebt Stabilization in a Non-Ricardian Economy
In models with a representative infinitely lived household, modern versions of tax smoothing imply that the steady-state of government debt should follow a random walk. This is unlikely to be the case in OLG economies, where, the equilibrium interest rate may differ from the policy-maker’s rate of time preference such that it may be optimal to reduce debt today to reduce distortionary taxation ...
متن کاملStabilization Policies in a Growing Economy
In a recent paper,3 Professors Stein and Nagatani (SN) have examined monetary stabilization policies in a full employment nonlinear monetary growth model. Specifically, they try to give a " rigorous answer " to the question of which should be the correct control variable of monetary policy; i.e., money supply growth, interest rates, or some other variable. The model used is of the Keynes-Wickse...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: American Journal of Agricultural Economics
سال: 1997
ISSN: 0002-9092,1467-8276
DOI: 10.2307/1244278