The large inflow of investment capital to commodity futures markets in the past decade has
generated a heated debate about whether financialization distorts commodity prices. Rather …

After 20 years of neglect by international donors, agriculture is now again in the headlines
because high food prices are increasing food insecurity and poverty. In the coming years, it …

The world food crisis in 2008 highlighted the susceptibility of the global food system to price
shocks. Here we use annual staple food production and trade data from 1992–2009 to …

This paper studies government subsidies for green technology adoption while considering
the manufacturing industry's response. Government subsidies offered directly to consumers …

Higher national incomes are correlated with political stability. Is this relationship causal? We
test three theories linking income to conflict with new data on export price shocks. Price …

We analyze how institutional investors entering commodity futures markets, referred to as
the financialization of commodities, affect commodity prices. Institutional investors care …

This paper explores the relationship between macro-factors and the realized volatility of
commodity futures. Three main commodities—soybeans, gold and crude oil—are …

This paper is concerned with the theory of saving when consumers are not permitted to
borrow, and with the ability of such a theory to account for some of the stylized facts of saving …

This book provides an overview of recent research on saving and consumption, a field in
which substantial progress has been made over the last decade. Economists attempting to …

Stronger investor interest in commodities may create closer integration with conventional
asset markets. We estimate sudden and gradual changes in correlation between stocks …