.S.-Mexican relative prices and find that it is nearly an order of magnitude larger than for U.S.-Canadian prices. However, during a very … very slightly. We also present evidence that the border effect in U.S.-Mexican prices is not primarily due to the border … effect in U.S.-Mexican wages. Finally, using the prices of 276 highly dis-aggregated goods and services, we estimate the …

Commodity futures prices are frequently criticized as being uninformative for forecasting purposes because (1) they … seem to do no better than a random walk or an extrapolation of recent trends and (2) futures prices for commodities often … light on these concerns by discussing the theoretical relationship between spot and futures prices for commodities and by …

This paper examines the effect that biofuels production has had on commodity and global food prices. The innovative … explicitly illustrate the sensitivity of the estimated effect of biofuels production on prices. Our best estimates suggest that … prices, but a much smaller impact on global food prices. ; Over the past two years (ending June 2008), we estimate that the …