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El acusado aumento de los precios de los alimentos en el periodo 2006-2008 desató el temor de una inseguridad alimentaria generalizada a nivel mundial. Además de los cambios acaecidos en la oferta y la demanda de algunos productos básicos, la tendencia alcista también ha podido verse...
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The drastic increase of food prices in the period 2006-2008 spurred fears of global food insecurity. Apart from actual …
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L'augmentation drastique des prix des denrées alimentaires sur la période 2006-2008 a suscité des craintes concernant l'insécurité alimentaire mondiale. Outre les changements réels de l'offre et la demande de certains produits de base, la tendance à la hausse pourrait aussi avoir été...
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This paper reexamines the small sample properties of Hansen's (1982) Generalized Method of Moments (GMM) and Hansen and Jagannathan's (1989) estimation-free tests on simulated data from a more plausible consumption based asset pricing model. Previous studies are incomplete and misleading. A...
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Recent research showing negative correlations between detrended output and prices during the postwar period has brought … into question the conventional wisdom that prices are procyclical. However, this finding has been shown to be sensitive to … the sample period considered. This paper examines the relationship between output and prices in the frequency domain …
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prices. Applications to value-at-risk and portfolio choice calculations illustrate the importance of using arbitrage …
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