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macroeconomic determinants of food insecurity. Income shocks are the most relevant driver of food insecurity, displaying high … elasticities at the early stages of economic development. The role of food price shocks is more limited. Social protection has a … direct effect and mitigates the impact of income shocks. Effects are highly heterogeneous across a range of structural …
Persistent link: https://www.econbiz.de/10013306746
In this paper we use the frequency domain Granger causality test of Breitung/Candelon (2006) to analyse short and long-run causality between energy prices and prices of food commodities. We find that the oil price Granger causes all the considered food prices. However, when controlling for...
Persistent link: https://www.econbiz.de/10013102705
In this paper we use the frequency domain Granger causality test of Breitung/Candelon (2006) to analyse short and long-run causality between energy prices and prices of food commodities. We find that the oil price Granger causes all the considered food prices. However, when controlling for...
Persistent link: https://www.econbiz.de/10010341671
In this paper we use the frequency domain Granger causality test of Breitung/Candelon (2006) to analyse short- and long-run causality between energy prices and prices of food commodities. We find that the oil price Granger causes all the considered food prices. However, when controlling for...
Persistent link: https://www.econbiz.de/10009580087
The inflation surge in recent years is having profound social, economic, and political consequences. With food price changes being an integral part of inflation, low income segments of the population are strongly impacted. What makes this period so unusual is the breadth of price pressures that...
Persistent link: https://www.econbiz.de/10014518582
In this paper we analyze the extent to which the US economy affects international business fluctuations across countries and we ask whether the nonlinear nature of the business cycle affects the degree of co-movement between countries. A multivariate nonlinear LSTAR model is estimated for the...
Persistent link: https://www.econbiz.de/10011048282
Since the 1970s the characteristics of international business cycles have changed and deeper economic integration has modified the features of cross-country comovement. We formally test for correlation shifts in measures of real economic activity and economic/financial integration. In Europe we...
Persistent link: https://www.econbiz.de/10012714048
This paper examines the duration and magnitude of cycles in commodity prices. We find that for the majority of commodities, price slumps last longer than price booms. How far prices fall in a slump is found to be slightly larger than how far they tend to rebound in a subsequent boom. We also...
Persistent link: https://www.econbiz.de/10014112612
unfavorable harvest shocks in other regions of the world significantly curtail domestic economic activity. The effects are much …
Persistent link: https://www.econbiz.de/10012915574
unfavorable harvest shocks in other regions of the world significantly curtail domestic economic activity. The effects are much …
Persistent link: https://www.econbiz.de/10011846251