This paper provides an overview of Czech food import demand in the transition period of the 90's. It also provides econometrical estimates of own- and cross-price elasticities and group expenditure elasticities of Czech import demand for a number of foods. Based on the Hausman test for...

Recent studies have presented different views on the relationship between interest rates and commodity prices. The theory of storage and arbitrage approaches fully incorporate nominal interest rates in commodity price spreads. Alternative frameworks admit a relationship between the interest rate...