Im Juli 2007 wurden die Milchpreise in Deutschland um 7 Cent je Liter angehoben, und für andere Molkereiprodukte wurden drastische Steigerungen angekündigt. Inzwischen ist auch bei Brot und Backwaren sowie bei Fleisch von deutlichen Preiserhöhungen die Rede. Verschiedentlich wird bereits...

This paper studies the role of global factors in causing common movements in consumer price inflation, with particular focus on the food, housing and energy sub-indices. It uses a comprehensive dataset of 223 countries and territories collected from national and international sources. Global...

In this paper, an attempt has been made to examine a new transmission mechanism of inflation that is effect of food prices on non-food prices. The panel generalized method of moment (GMM) has been employed on the panels of 47 developing countries disaggregated by income, i.e. low-income,...

This paper examines the dynamic effects of monsoon rainfall shocks on yield, wages, and prices in the Indian agricultural sector. We distinguish between positive and negative rainfall shocks and explicitly consider their spatial dimension (local/regional). We find that particularly negative...

A key parameter determining the welfare impact from a world market shock is the transmission elasticity which measures the average domestic response to an international price change. Many studies have estimated price transmission elasticities for a large number of countries but the variation in...

The objective of this paper is to examine the importance of energy and climate shocks in Uganda's food price processes. The unique features of this paper are threefold: first, we identify climate shocks computed as the deviations of monthly temperature and rainfall realisations from their...

While there is rich literature covering theoretical concepts of transaction costs very few empirical strategies have been provided to estimate them. The theoretical framework proposed in this paper is based on a unit value decomposition and dedines transaction costs as the difference between a...

This study assesses price transmission along the Egyptian tomato food marketing chain in the period that followed the Arab Spring, which accentuated economic precariousness in Egypt. Static and time-varying copula methods are used for this purpose. Results suggest a positive link between...

This paper provides a general overview of the current status and key challenges of the Ethiopian wheat value chain. Wheat is an important staple food crop in Ethiopia. Improving wheat production and productivity is therefore a key part of the agenda in the Ethiopian government's food security...

The theoretical and empirical macroeconomic literature suggests that price rigidity in industrialized countries is substantial and its causes are manifold. This article provides empirical evidence on the importance of price rigidity in the grocery-retailing sector and on the role of some major...