The stability of grain prices relates closely to the development of China’s economy, social stability and quality of Chinese people’s life. However, with the gradual openness of China’s grain market and series of newly-issued China’s grain policies, the volatility characteristics of...

As the base price, grain prices have played considerably important role in China’s macro-economy and social price level. In this study we investigate the fluctuation characteristics of some main crops of China’s grain during the past two decades by using Structural Break Regime Switching...