Conventional models have not provided a complete picture of recent price spikes in agricultural commodity markets, while there is an urgent need for appropriate policy responses. New approaches are needed that shed light on international spillovers and the feedback between the real and the financial sectors. Models should also assess the impact of climate changes and consider the link between food and energy prices. In this paper, we present results from a worldwide dynamic model that provides short and long-run impulse responses of specific grains commodity prices to various real and financial shocks. The results show that climate change may strongly influence worldwide wheat prices.

Short and long-run impact of climate changes on worldwide grain prices / Gutierrez, Luciano; Piras, Francesco; Roggero, Pier Paolo. - (2013), pp. 293-298. ((Intervento presentato al convegno 2nd Scientific Conference of the United Nation Convention to Combat Desertification tenutosi a Bonn nel 9-12 April 2013.

Short and long-run impact of climate changes on worldwide grain prices

GUTIERREZ, Luciano;ROGGERO, Pier Paolo
2013

Abstract

Conventional models have not provided a complete picture of recent price spikes in agricultural commodity markets, while there is an urgent need for appropriate policy responses. New approaches are needed that shed light on international spillovers and the feedback between the real and the financial sectors. Models should also assess the impact of climate changes and consider the link between food and energy prices. In this paper, we present results from a worldwide dynamic model that provides short and long-run impulse responses of specific grains commodity prices to various real and financial shocks. The results show that climate change may strongly influence worldwide wheat prices.
Short and long-run impact of climate changes on worldwide grain prices / Gutierrez, Luciano; Piras, Francesco; Roggero, Pier Paolo. - (2013), pp. 293-298. ((Intervento presentato al convegno 2nd Scientific Conference of the United Nation Convention to Combat Desertification tenutosi a Bonn nel 9-12 April 2013.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11388/72470
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