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Ventura, Jaume - 2002

This paper presents a stylized model of international trade and asset price bubbles. Its central insight is that … bubbles tend to appear and expand in countries where productivity is low relative to the rest of the world. These bubbles … productivity countries. Through this channel, bubbles act as substitute for international capital flows, improving the …

Persistent link: https://www.econbiz.de/10012469402

Measuring the Economic Effect of Global Warming on Viticulture Using Auction, Retail, and Wholesale Prices

Ashenfelter, Orley C. - 2010

Although auction prices are based on actual transactions, they provide a thick market only for high quality, expensive wines and may overestimate climate's effect on farmer revenues. Wholesale prices, on the other hand, do provide broad coverage of all wines sold and probably come closest to...

Persistent link: https://www.econbiz.de/10012462615

The Effect of Monetary Policy on Real Commodity Prices

Frankel, Jeffrey A. - 2006

Commodity prices are back. This paper looks at connections between monetary policy, and agricultural and mineral commodities. We begin with the monetary influences on commodity prices, first for a large country such as the United States, then smaller countries. The claim is that low real...

Persistent link: https://www.econbiz.de/10012465947

Food vs. Fuel? Impacts of Petroleum Shipments on Agricultural Prices

Bushnell, James B. - 2017

Grain shippers and political figures in North Dakota and nearby states have voiced concern that the dramatic increases in shipments of crude oil by rail have caused service delays and higher costs. We investigate the potential impact of crude shipments on grain markets accounting for harvest...

Persistent link: https://www.econbiz.de/10012453790

Biofuels, Binding Constraints and Agricultural Commodity Price Volatility

Abbott, Philip - 2013

Policy measures to encourage biofuels production, including the Renewable Fuels Standard (RFS) mandates, subsidies to ethanol blenders, regulations on gasoline chemistry and import tariffs, helped to create this new, persistent demand for corn and contributed to incentives to create the capacity...

Persistent link: https://www.econbiz.de/10012459788

The Anatomy of a Credit Crisis : The Boom and Bust in Farm Land Prices in the United States in the 1920s

Rajan, Raghuram - 2012

Does credit availability exacerbate asset price inflation? What channels could it work through? What are the long run consequences? In this paper we address these questions by examining the farm land price boom (and bust) in the United States that preceded the Great Depression. We find that...

Persistent link: https://www.econbiz.de/10012460632

Commodity Price Volatility in the Biofuel Era : An Examination of the Linkage Between Energy and Agricultural Markets

Hertel, Thomas W. - 2011

Agricultural and energy commodity prices have traditionally exhibited relatively low correlation. However, recent increases in biofuel production have altered the agriculture-energy relationship in a fundamental way. This increase has drawn on corn previously sold to other uses, as well as...

Persistent link: https://www.econbiz.de/10012461833

Interest Rate Volatility and Contagion in Emerging Markets : Evidence from the 1990s

Edwards, Sebastian - 2000

In this paper we use high frequency interest rate data for a group of Latin American countries to analyze the behavior of volatility through time. We are particularly interested in understanding whether periods of high volatility spillover across countries. Our analysis relies both on univariate...

Persistent link: https://www.econbiz.de/10012470937

The Asian Flu and Russian Virus : Firm-level Evidence on How Crises are Transmitted Internationally

Forbes, Kristin - 2000

This paper uses firm-level information to evaluate how crises are transmitted internationally. It constructs a new data set of financial statistics, industry information, geographic data, and stock returns for over 10,000 companies in 46 countries to test what types of firms were most affected...

Persistent link: https://www.econbiz.de/10012470943

Interest Rates, Contagion and Capital Controls

Edwards, Sebastian - 2000

In this paper I analyze several issues related to contagion,' including its definition, recent experiences, alternative channels at work, and possible prevention mechanisms. The discussion deals with the macroeconomics implications of contagion, and concentrates on the relationship between the...

Persistent link: https://www.econbiz.de/10012470949

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