promotion or for the purpose of retail arbitrage. Using US supermarket scanner data covering the 2008 Global Rice Crisis, an … episode driven by an observable cost shock due an Indian ban on raw rice exports, we find that sticky prices account for a …

which a procurement process was introduced that allowed citizens to bid to take over the implementation of a subsidized rice … reported the quality of the rice improved. Bidding committees may have avoided quality problems by choosing bidders who had …

rainfall shocks on rice output at the district level. Our analysis makes use of local meteorological data on rainfall in … combination with government administrative data on district-level rice output in the 1990s. We find that deviations from mean … local rainfall are positively associated with district-level rice output. 10% higher rainfall leads metric tons of rice …

We estimate risk-free interest rates unaffected by convenience yields on safe assets. We infer them from risky asset … prices without relying on any specific model of risk. We obtain a term structure of convenience yields with maturities up to … monetary stimulus reduce convenience yields, particularly during the crisis. We further study convenience-yield-free CIP …