This is the first paper to analyze the impact of biofuels on the price transmission along the food chain. We analyze … the U.S. corn sector and its vertical links with food and ethanol (energy) markets. We find that biofuels affect the price … market shock and the policy regime: the price transmission elasticity declines under a binding blender's tax credit and a …

"The empirical literature in international finance has produced three key results about international price deviations …: borders give rise to flagrant violations of the law of one price, distance matters enormously for understanding these … micro studies on nominal price stickiness. The data underlying these results are mostly comprised of price indexes and price …