Micola, Augusto Ruperez; Penaranda, Francisco - Luxembourg School of Finance, Faculté de droit, … - 2011
We use the recent introduction of biofuels to study the effect of industry factors on the relation-ships between wholesale commodity prices. Correlations between agricultural products and oil are strongest in the 2005-09 period, coinciding with the boom of biofuels, and remain substantial until...