A GLOBAL VECTOR AUTOREGRESSION MODEL FOR THE ANALYSIS OF WHEAT EXPORT PRICES

作者:Gutierrez Luciano*; Piras Francesco; Roggero Pier Paolo
来源:American Journal of Agricultural Economics, 2015, 97(5): 1494-1511.
DOI:10.1093/ajae/aau103

摘要

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, and there is an urgent need for appropriate policy responses. Perhaps new approaches are needed to better understand international spill-overs, the feedback between the real and the financial sectors, as well as 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.

  • 出版日期2015-10