Brey, Björn; Hertweck, Matthias S. - 2019
This paper examines the dynamic effects of monsoon rainfall shocks on yield, wages, and prices in the Indian … yield is short-lived, but elicits a persistent decline (increase) in wages (food prices). Negative local shocks affect only … wages, but not prices. This indicates that, in the food market, intra-regional trading mitigates the impact of local shocks …