منابع مشابه
Commodity price stabilisation: macroeconomic impacts and policy options
A macroeconometric simulation study is undertaken to evaluate the impact of commodity price stabilisation (CPS) schemes for the export tree crop industry in Papua New Guinea. The findings suggest that there is a negligible level of favourable macroeconomic impacts of CPS. Contrary to the expectation, CPS adversely affects the stability of monetary and external sectors (BOP). CPS policy has fail...
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The sharp increase in agricultural commodity prices in 2008 and in 2011 has triggered an intensive debate on the causes for these price booms. Speculative bubbles have been quoted as one factor among others for the price peaks. Against this background, our paper contributes to this discussion by implementing a novel test procedure for speculative bubbles which has been suggested in the stock ma...
متن کاملPRICE VOLATILITY AND FARM INCOME STABILISATION Modelling Outcomes and Assessing Market and Policy Based Responses
On the example of a commercial microfinance institution (MFI) in Tanzania this paper investigates first whether agricultural firms have a different probability to get a loan and whether their loans are differently volume rationed than loans to non-agricultural firms. Second, we analyze whether agricultural firms repay their loans with different delinquencies than non-agricultural firms. Our res...
متن کاملStabilisation policy, rational expectations and price-level versus ination targeting: a survey
We survey literature comparing ination targeting (IT) and price-level targeting (PT) as macroeconomic stabilisation policies. Our focus is on New Keynesian models and areas that have seen signi cant developments since Amblers (2009) survey: optimal monetary policy; the zero lower bound; nancial frictions; and transition costs of adopting a PT regime. Amblers conclusion that PT improves soci...
متن کاملThe political economy of food price policy in South Africa
This paper analyses the food price trends in South Africa during two periods of rapid food price inflation that occurred in the decade 2000–10 and unpacks the political reaction and policy responses to the food price crises in these two periods. Based on personal recollection of events during the past decade, interviews with former politicians and state officials, as well as a thorough investig...
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ژورنال
عنوان ژورنال: European Economic Review
سال: 2013
ISSN: 0014-2921
DOI: 10.1016/j.euroecorev.2012.10.003