Showing 1 - 10 of 39
Persistent link: https://www.econbiz.de/10001860154
increasingly valuable surplus as their real wages fall. In regions without crop agriculture, higher food prices increase both …
Persistent link: https://www.econbiz.de/10012455624
This paper proposes a new approach to evaluate contagion in financial markets. Our measure of contagion captures the co-incidence of extreme return shocks across countries within a region and across regions that cannot be explained by linear propagation models of shocks. We characterize the...
Persistent link: https://www.econbiz.de/10012470824
Persistent link: https://www.econbiz.de/10001680206
The United States produces 41% of the world's corn and 38% of the world's soybeans, so any impact on US crop yields will have implications for world food supply. We pair a panel of county-level crop yields in the US with a fine-scale weather data set that incorporates the whole distribution of...
Persistent link: https://www.econbiz.de/10012464847
In The Changing Body (Cambridge University Press and NBER, 2011), the authors presented a series of estimates showing the number of calories available for human consumption in England and Wales at various points in time between 1700 and 1909/13. The current paper corrects an error in those...
Persistent link: https://www.econbiz.de/10012458488
We propose a novel Bayesian Graded Response Model (BGRM) for food security measurement. Our BGRM has several attractive features. It produces continuous food security estimates and measures of estimation uncertainty at the household level. Unlike the USDA's official measurement model, the BGRM...
Persistent link: https://www.econbiz.de/10014544738
This paper investigates sources and determinants of foreign direct investment (FDI) flows to developing Asia using … FDI inflows to developing Asia in recent years, with Japan being the single largest investor. Intra-developing Asian flows … economies from the rest of the Asia and Pacific region, compared to those from nonregional OECD economies, with an emphasis on …
Persistent link: https://www.econbiz.de/10003855361
We estimate the response of Asian stock market prices to exogenous monetary policy shocks using a vector error correction model. In our paper, monetary policy transmits to stock market price through three routes: money by itself, exchange rate, and inflation. Our result points to the fact that...
Persistent link: https://www.econbiz.de/10010400823
In this paper, I develop a new identification method to solve the problem of simultaneous equations, based on heteroskedasticity of the structural shocks. I show that if the heteroskedasticity can be described as a two-regime process, then the system is just identified under relatively weak...
Persistent link: https://www.econbiz.de/10012471283