The economics of food price volatility
In: A National Bureau of Economic Research conference report
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In: A National Bureau of Economic Research conference report
In: IDS bulletin, Band 43, Heft S1, S. 84-91
ISSN: 0265-5012, 0308-5872
World Affairs Online
Methodology -- Economic environment and vulnerability to food price shocks -- Vulnerability to natural risks, shocks and hazards -- Household food security and vulnerability to shocks -- Simulating the impacts of market and climate shocks on household food consumption -- Conclusions
In: Review of African political economy, Band 35, Heft 117, S. 508-514
ISSN: 0305-6244
World Affairs Online
In: IDS bulletin, Band 43, Heft S1, S. 74-83
ISSN: 0265-5012, 0308-5872
World Affairs Online
"This book examines the issue of price volatility in agricultural commodities markets and how this phenomenon has evolved in recent years. The factors underlying the price spike of 2007-08 appear to be global and macroeconomic in nature, including the rapid growth in demand by developing countries, the international financial crisis, and exchange rate movements. Some of these factors are new, appearing as influences on price volatility only in the last decade. Although volatility has always been a feature of agricultural commodity markets, the evidence suggests that volatility has increased in certain commodity markets. A growing problem is that agricultural price shocks and volatility disrupt agricultural markets, economic incentives and incomes. With increased globalization and integration of financial and energy markets with agricultural commodity markets, the relationships between markets are expanding and becoming more complex. When a crisis such as a regional drought, food safety scare or a financial crisis hits a particular market, policy-makers often do not know the extent to which it will impact on other markets and affect producer, consumer and trader decisions. Including contributions from experts at the World Bank, the Food and Agriculture Organization of the United Nations, the USDA, and the European Commission, the research developed throughout the chapters of this book is based on current methodologies that can be used to analyze price volatility and provide directions for understanding this volatility and the development of new agricultural policies. The book highlights the challenges facing policy makers in dealing with the changing nature of agricultural commodities markets, and offers recommendations for anticipating price movements and managing their consequences. It will be a practical guide for both present and future policy-makers in deciding on potential price-stabilizing interventions, and will also serve as a useful resource for researchers and students in agricultural economics."--Publisher's website
Setting the stage: food scarcity and food prices -- Learning to manage food security: a policy perspective -- Understanding food security dynamics: models and numbers -- Structural transformation as the pathway to food security -- When pro-poor growth and structural transformation fail -- The political economy of food security: food price volatility and policy responses -- The way forward: the time horizon matters.
In: Economic issues, problems and perspectives series
In: NBER working paper series 13089
This paper addresses how creditor protection affects the volatility of stock market prices. Credit protection reduces the probability of oscillations between binding and non-binding states of the credit constraint; thereby lowering the rate of return variance. We test this prediction of a Tobin's q model, by using cross-country panel regression on stock price volatility in 40 countries over the period from 1984 to 2004. Estimated probabilities of a liquidity crisis are used as a proxy for the probability that credit constraints are binding. We find support for the hypothesis that institutions that help reduce the probability of oscillations between binding and non-binding states of the credit constraint also reduce asset price volatility.
In: Earthscan food and agriculture
" This book uses a decade of primary research to examine how weather and climate, as measured by variations in the growing season using satellite remote sensing, has affected agricultural production food prices and access to food in food-insecure regions of the world"--
In: International labour review, Band 50, S. 539-541
ISSN: 0020-7780