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U.S. retail food price increases in recent years may seem large in nominal terms, but after adjusting for inflation … in the real price of oil. That link, however, appears largely driven by common macroeconomic determinants of the prices … little to U.S. retail food price increases, because of the small cost share of agricultural products in food prices. There is …
Persistent link: https://www.econbiz.de/10010225465
For the biofuel markets and related commodities, we study their price transmission, which is in fact equivalent to … studying price cross-elasticities. Importantly, we focus on the price dependence of the price transmission mechanism. Several …
Persistent link: https://www.econbiz.de/10010197455
. Our analysis of mutual price connections discovers the major defining features of world leading biofuels markets during … assets in Europe, USA and Brazil. The analysis uses a comprehensive dataset covering price data for 38 traded titles over the … period 2003-2020. We utilize the minimum spanning tree approach to identify price connections in a complex trading system …
Persistent link: https://www.econbiz.de/10013168984
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We assess the fuel-food price linkage models of the structural and of the time series nature with the main attention …-correction analysis of fuel-food commodity price level co-movement towards inclusion of biodiesel and ethanol prices directly into … analysis, towards consideration of both price levels and price volatilities, and towards growing sophistication of econometric …
Persistent link: https://www.econbiz.de/10011921431
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This paper investigates the global macroeconomic consequences of country-specific oil-supply shocks. Our contribution is both theoretical and empirical. On the theoretical side, we develop a model for the global oil market and integrate this within a compact quarterly model of the global economy...
Persistent link: https://www.econbiz.de/10010528313
The resource curse hypothesis suggests that resource-rich countries (especially oil dependent economies) show lower economic growth rates compared to resource-poor countries. We add to this literature by providing empirical evidence on a new transmission channel of the resource curse, namely,...
Persistent link: https://www.econbiz.de/10011773504