Globalization and the expansion of world wine trade have caused a wine boom that together with agricultural subsidies have made fluctuations in wine inventories a more critical issue. In the case of domestic and international wine markets, little is known about intertemporal inventory...

This paper reviews the current state of economic and econometric research dealing with the modeling of commodity markets and their role in economic development. The application of statistical methods to commodity markets and prices has been limited because of the erratic behavior of prices and...

This paper provides insights into international commodity modeling by providing a survey of recent developments in this modeling area and by explaining how these developments interacted with and were applied within the Bank. Following a brief introduction into basic commodity modeling purposes,...

The global wine market has witnessed major changes in recent years. Some of these changes are structural in nature or trend-following, whereas others are cyclical. Recently, new market entrants have increased their exports not only to traditional European markets but to other importing regions...