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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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"A revelatory global history shows how cheap American grain toppled the world's largest empires To understand the rise … and fall of empires, we must follow the paths traveled by grain-along rivers, between ports, and across seas. In Oceans of … Grain, historian Scott Reynolds Nelson reveals how the struggle to dominate these routes transformed the balance of world …
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