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The purpose of this study is to measure the sensitivity of traded quantities and trade unit values to agricultural production shocks. We develop a general equilibrium model of trade in which production shocks in exporting countries affect both traded quantities and trade unit values. The model...
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context. The change in price parity and the influence of the world monopolistic structure on inflation are pointed out. It … food prices, additionally putting pressure on wage growth, which, as a rule, is not a consequence of productivity growth … international trends on the level and effects of inflation at the national level. Given the trends in the world market, it can be …
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agreed in the URAA and continuation of such reform would lead to significant welfare gains for the world as a whole and for …
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We study the impact of incomplete consumption risk-sharing on land misallocation in rural economies. We develop a general equilibrium model of land cultivation choices, where heterogeneous agricultural households face idiosyncratic output shocks and insure themselves by participating in a...
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