Couharde, Cécile; Geronimi, Vincent; TARANCO, Armand - In: Revue Tiers-Monde n°211 (2012) 3, pp. 13-34
In this paper, we seek to determine whether the recent increase in commodity prices, and especially in prices of food products, reflects a regime switch towards higher price levels. Accordingly, we use a Kalman filter and a Markov-switching model in order to analyze the evolution of...