There are two explanations for agricultural price dynamics. One follows cobweb logic and
models fluctuations driven by expectation errors but emphasises that these expectations …

Commodity storage models, developed first within agricultural economics in the tradition of
Gustafson (1958), are valuable in helping us understand how prices of storable commodity …

WTI and Brent crude oil futures are competing pricing benchmarks and they jockey for the
number one position as the leading futures market. The price spread between WTI and Brent …

Agricultural economists helped develop farm programs to respond to the dire economic
situation of the 1920s and 1930s. Some early authors appreciated that such policies created …

The work at hand contributes to the ongoing discussion on the drivers of food price volatility.
Based on theoretical considerations, economical, agricultural, and political determinants of …

In times of highly volatile commodity markets, governments often try to protect their
populations from rapidly rising food prices, which can be particularly harmful for the poor. A …

Do food imports increase the variability of domestic food prices? The answer to this question
depends on whether foreign production is more volatile than domestic production. If imports …

This paper analyzes the use of storage and trade policies to achieve food price stabilization
in a small open developing country. Optimal stabilization policies are identified using a …

In poor countries, most governments implement policies aiming to stabilize the prices of
staple foods, which often include storage and trade measures insulating their domestic …

In this paper, we investigate the determinants of food inflation in Indonesia. Usingquarterly
data (2008: Q1 to 2017: Q4) and a GMM estimator, we show that backwardlookingand …