I propose partial-equilibrium models that describe the dynamics of global wheat and corn markets. These models extend the classic competitive storage framework by incorporating nonstationary variables. They are calibrated using data from Ukraine and key importing and exporting countries. The...

When wealth or income rises suddenly, the propensity for that "easy money" to be directed towards unproductive use, "easy spending", may rise. The cross-country relationship between conspicuous consumption and revenue windfalls is explored by estimating the response of demand for imports of...

This study investigates the main drivers of inflation measured by CPI inflation and GDP deflator across 20 advanced and emerging economies over the yearly span from 2014 to 2023. Using Principal Component Analysis and Panel Vector Autoregression, the research examines the roles of supply-side...

Understanding the impact of macroeconomic variables on China’s green bond market is crucial for developing effective policies and strategies that promote sustainable finance. This study examines the influence of economic policy uncertainty, financial market volatility, exchange rates, and...

Key aggregate figures on Austria's agriculture and forestry sectors show little change for 2024 compared to the previous year, although there were significant fluctuations in individual commodity markets, such as sugar beet. In foreign trade in agricultural goods and foodstuffs, imports expanded...

Consensus holds that Emerging Markets and Developing Economies (EMDEs) engage in procyclical fiscal behavior. We emphasize that considering conditional responses to macroeconomic shocks is crucial when evaluating fiscal cyclicality, as neglecting this can result in significant biases. This study...