We investigate the relationship between media sentiment and international equity prices using a new dataset of 4 million news articles published 1991 2015. Three key results emerge. First, robustly predicts future daily returns around world. However, we find sharp contrast effect local that global news: whereas optimism (pessimism) small transitory increase (decrease) in returns, has larger imp...

A dynamic, three-commodity rational-expectations storage model is used to compare the impact of the Federal Agricultural Improvement and Reform (FAIR) Act of 1996 with a freemarket policy and with the agricultural policies that preceded the FAIR Act. Results support the hypothesis that the changes made when FAIR was enacted did not lead to permanent significant increases in the volatility of fa...

Bumper crops have quickly turned the corn and soybean price boom into a bust. Newcrop corn and soybean futures contracts are down 40 percent and 35 percent respectively in just a few short months. Of course, those farmers that had the foresight to lock in at high prices are completely unaffected by the drop in price. For them, market volatility has created profit opportunities. But all is not l...

Market volatility remains one of the most important research fields in agricultural economics.Interestingly, price transmission mechanism seems to be symmetric in sectors that are likely to be of high political power.This paper analyzes the price transmission effects from international markets to domestic markets for corn in Iran. For this purpose, we estimate the elasticity of substitution bet...

market volatility remains one of the most important research fields in agricultural economics.interestingly, price transmission mechanism seems to be symmetric in sectors that are likely to be of high political power.this paper analyzes the price transmission effects from international markets to domestic markets for corn in iran. for this purpose, we estimate the elasticity of substitution bet...

The countryside and its supposed bedrock, farming, are commonly supposed to be under threat. What might the future hold? This article explores the major pressures and apparent opportunities facing agriculture and rural development in the Northern Region. It begins (section I) with a brief review of the recent economic history of the agricultural sector in Britain, drawing out the implications f...