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2017/18, Russia ultimately became the world’s largest wheat exporter, a position that was held by the USA for decades …Over the past two decades, the Black Sea region has exhibited significantly growing wheat production and exports. In … to ensuring regional and global food security. However, the Russian wheat export market shows several characteristics …
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I explore whether time-series methods exploiting the long-run equilibrium properties of the housing market might have detected the disequilibrium in U.S. house prices which pre-dated the Great Recession as it was building up. Based on real-time data, I show that a VAR in levels identified as in...
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