through two channels. First, by reducing export income volatility and allowing for a smoother consumption path. Second, by …

How does a commodity market adjust to a temporary scarcity shock which causes a shift in the slope of the futures price …

The evidence on the inflation impact of aging is mixed, and there is no evidence regarding the volatility of inflation … higher inflation volatility. Our paper is also the first, using this framework, to discuss how aging affects the transmission …

This paper investigates the consequences of exchange rate volatility on the variability of export prices and quantities … in the presence of market segmentation and pricing to market. Firms stabilize destination prices through systematic price …

portfolio theory without recourse to market imperfections. It also demonstrates that “Value-at-Risk” portfolio management rules …Models of “contagion” rely on market imperfections to explain why adverse shocks in one asset market might be …

reduce macroeconomic volatility. The econometric estimation results from a 30-year panel data set of 15 countries with and … without oil funds suggest that oil funds are associated with reduced volatility of broad money and prices and lower inflation …. However, there is a statistically weak negative association between the presence of an oil fund and volatility of the real …

not significantly explain spot market volatility, nor does it increase after futures introductions. To account for the …Recent interest in futures contracts on emerging market currencies has raised concerns among some central bank … measures of linear dependence and feedback indicate strong connections between the respective markets, futures volatility does …