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We use two approaches to examine the macroeconomic consequences of disruptions in global food commodity markets. First, we embed a novel quarterly composite global production index for the four basic staples (corn, wheat, rice and soybeans) in a standard vector autoregression (VAR) model, and we...
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and maize prices between world and domestic markets using GARCH models with dynamic conditional correlation specifications … and panel feasible generalized least square models. Our findings indicate that a grain autarky system can reduce … volatility passthroughs for three grain commodities. While the substitutive commodity consumption behaviour between maize and …
Persistent link: https://www.econbiz.de/10012406059
We use two approaches to examine the macroeconomic consequences of disruptions in global food commodity markets. First, we embed a novel quarterly composite global production index for the four basic staples (corn, wheat, rice and soybeans) in a standard vector autoregression (VAR) model, and we...
Persistent link: https://www.econbiz.de/10012977153
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