World Agriculture, Commodity Policy, and Price Variability
نویسندگان
چکیده
منابع مشابه
Policy Responses to Commodity Price Movements — 2
B etween 1986 and 1998, the price of a barrel of West Texas Intermediate (WTI) oil remained quite stable, fluctuating between $16 and $42 constant 2011-U.S. dollars, with the exception of a brief spike in 1990 at the time of the first Gulf War. In December 1998, the barrel of WTI had reached a low point of $17. Almost 10 years later, in July 2008, the same barrel cost $134. By March 2009, the p...
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Commodity prices are important both as a source of shocks and for the propagation of shocks originating elsewhere in the economy. Many vector autoregression (VAR) studies estimate a gradual response of commodity prices to monetary policy shocks. Exploiting information in high-frequency financial market data, and using the methods of Rigobon and Sack (2004) I find that a 10 basis point surprise ...
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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...
متن کاملPolicy Responses to Commodity Price Movements — 1 PIERRE - OLIVIER
B etween 1986 and 1998, the price of a barrel of West Texas Intermediate (WTI) oil remained quite stable, fluctuating between $16 and $42 (in constant 2011-U.S. dollars), with the exception of a brief spike in 1990 at the time of the first Gulf War. In December 1998, the barrel of WTI had reached a low point of $17. Almost 10 years later, in July 2008, the same barrel cost $134. By March 2009, ...
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Using a stochastic version of the POLYSYS modeling framework, an examination of projected variability in agricultural prices, supply, demand, stocks, and incomes is conducted. Random yield and export shocks are introduced in each of 100 iterations of a ten-year simulation and planted acreage, production, total use, ending stock, stock-to-use, season average price, and net return results are pre...
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ژورنال
عنوان ژورنال: American Journal of Agricultural Economics
سال: 1975
ISSN: 0002-9092,1467-8276
DOI: 10.2307/1239087