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Biofuels, Binding Constraints and Agricultural Commodity Price Volatility

Abbott, Philip Chase - 2015

The share of U.S. corn production used to produce ethanol increased from 12.4% in the 2004/05 crop year to over 38.5% in the 2010/11 crop year, and remained at that high level in 2011/12. Even after accounting for return of by-products to the feed market, this is a large and persistent new...

Persistent link: https://www.econbiz.de/10013035869

Commodity Price Volatility in the Biofuel Era : An Examination of the Linkage between Energy and Agricultural Markets

Hertel, Thomas W. - 2015

supply shocks would be 57% higher than in the non-binding case, and world price volatility would be boosted by 25% …

Persistent link: https://www.econbiz.de/10013038238

The Effect of Monetary Policy on Real Commodity Prices

Frankel, Jeffrey A. - 2010

Commodity prices are back. This paper looks at connections between monetary policy, and agricultural and mineral commodities. We begin with the monetary influences on commodity prices, first for a large country such as the United States, then smaller countries. The claim is that low real...

Persistent link: https://www.econbiz.de/10012760515

Financial Crash, Commodity Prices and Global Imbalances

Caballero, Ricardo J.; Farhi, Emmanuel; Gourinchas, … - 2021

In this paper we argue that the persistent global imbalances, the subprime crisis, and the volatile oil and asset prices that followed it, are tightly interconnected. They all stem from a global environment where sound and liquid financial assets are in scarce supply

Persistent link: https://www.econbiz.de/10013243462

Financialization in Commodity Markets

Chari, Varadarajan V. - 2017

Recent experience has given rise to the financialization view: increased trading in commodity futures markets leads to an increase in the level and volatility of spot prices. We construct a large panel data set which includes commodities with and without futures markets. The data do not...

Persistent link: https://www.econbiz.de/10012948088

World Shocks, World Prices, and Business Cycles : An Empirical Investigation

Fernández, Andrés - 2016

intratemporal relative price such as the terms of trade and possibly an intertemporal price such as the world interest rate. This … paper presents an empirical framework in which multiple commodity prices and the world interest rate transmit world … disturbances. Estimates on a panel of 138 countries over the period 1960-2015 indicate that world shocks explain on average 33 …

Persistent link: https://www.econbiz.de/10012979352

Risk Premia in Crude Oil Futures Prices

Hamilton, James D. - 2013

structure to commodity futures prices, and develop new algorithms for estimation of such models using unbalanced data sets in …

Persistent link: https://www.econbiz.de/10013081835

The Simple Economics of Commodity Price Speculation

Knittel, Christopher R. - 2013

The price of crude oil in the U.S. never exceeded $40 per barrel until mid-2004. By 2006 it reached$70, and in July 2008 it peaked at $145. By late 2008 it had plummeted to about $30 before increasingto $110 in 2011. Are speculators at least partly to blame for these sharp price changes? We...

Persistent link: https://www.econbiz.de/10013083410

Banking on the Boom, Tripped by the Bust : Banks and the World War I Agricultural Price Shock

Jaremski, Matthew - 2018

How do banks respond to asset booms? This paper examines i) how U.S. banks responded to the World War I farmland boom …

Persistent link: https://www.econbiz.de/10012909502

Distance and Time Effects in Swedish Commodity Prices, 1732–1914

Crucini, Mario J. - 2016

commodities from 1732 to 1914. The resulting large number of relative prices (502,689) allows precise estimation of distance and …

Persistent link: https://www.econbiz.de/10012994370