Food commodity price fluctuations have an important impact on poverty and food insecurity across the world. 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. Perhaps new approaches are needed in order to better understand international spill-overs, the feedback between the real and the financial sectors and also the link between food and energy prices. In this article we present the results from a new worldwide dynamic model that provides the short and long-run impulse responses of the international wheat price to various real and financial shocks.
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|Titolo:||A Global Vector Autoregression Model for the Analysis of the Wheat Export Prices|
|Data di pubblicazione:||2015|
|Appare nelle tipologie:||1.1 Articolo in rivista|