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Biofuels, Binding Constraints and Agricultural Commodity Price Volatility

Abbott, Philip - 2013

Policy measures to encourage biofuels production, including the Renewable Fuels Standard (RFS) mandates, subsidies to ethanol blenders, regulations on gasoline chemistry and import tariffs, helped to create this new, persistent demand for corn and contributed to incentives to create the capacity...

Persistent link: https://www.econbiz.de/10012459788

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

Hertel, Thomas W. - 2011

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

Persistent link: https://www.econbiz.de/10012461833

The Effect of Monetary Policy on Real Commodity Prices

Frankel, Jeffrey A. - 2006

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/10012465947

Financial Crash, Commodity Prices and Global Imbalances

Caballero, Ricardo J. - 2008

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/10012464126

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/10012455847

Financialization in Commodity Markets

Chari, V.V. - 2017

The financialization view is that increased trading in commodity futures markets is associated with increases in the growth rate and volatility of commodity spot prices. This view gained credence because in the 2000s trading volume increased sharply and many commodity prices rose and became more...

Persistent link: https://www.econbiz.de/10012453945

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/10012459606

The Simple Economics of Commodity Price Speculation

Knittel, Christopher R. - 2013

Persistent link: https://www.econbiz.de/10012459711

A Theory of Price Caps on Non-Renewable Resources

Johnson, Simon; Rachel, Lukasz; Wolfram, Catherine - National Bureau of Economic Research - 2023

market power is used in equilibrium and stabilizes world oil prices. But if the cap is poorly enforced, or if the sanctioned … state has access to a non-compliant "shadow" fleet, the cap is less effective at stabilizing world prices …

Persistent link: https://www.econbiz.de/10014322735

Estimation of Nonlinear Exchange Rate Dynamics in Evolving Regimes

Frankel, Jeffrey A.; Hou, Yao; Xie, Danxia - National Bureau of Economic Research - 2024

regimes. We pay particular attention to the BBC and offer a new approach to parameter estimation by utilizing a three …

Persistent link: https://www.econbiz.de/10014635607