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.

A Global Vector Autoregression Model for the Analysis of the Wheat Export Prices / Gutierrez, Luciano; Piras, Francesco; Roggero, Pier Paolo. - In: AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS. - ISSN 1467-8276. - 97:5(2015), pp. 1494-1511. [10.1093/ajae/aau103]

A Global Vector Autoregression Model for the Analysis of the Wheat Export Prices

GUTIERREZ, Luciano
;
PIRAS, Francesco;ROGGERO, Pier Paolo
2015

Abstract

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.
A Global Vector Autoregression Model for the Analysis of the Wheat Export Prices / Gutierrez, Luciano; Piras, Francesco; Roggero, Pier Paolo. - In: AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS. - ISSN 1467-8276. - 97:5(2015), pp. 1494-1511. [10.1093/ajae/aau103]
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11388/78076
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