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policies have large effects that are specific to particular types of shock. In particular, regulations which reduce the speed …
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policies have large effects that are specific to particular types of shock. In particular, regulations which reduce the speed …
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This paper analyzes the transmission from global commodity to domestic food prices for a large set of countries. First, a theoretical model is developed to explain price transmission for different trade regimes. Drawing from the competitive storage model under rational expectations, it is shown...
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