The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.
The Economics of Grain Price Volatility
Open accessAbstract
Recent volatility of prices of major grains has generated a wide array of analyses and policy prescriptions that reveal the inability of economists to approach a consensus on the nature of the phenomenon and its implications for policy. This review of market events and their economic interpretations finds that recent price spikes are not as unusual as many discussions imply. Further, the balance between consumption, available supply, and stocks seems to be as relevant for our understanding of these markets as it was decades ago. Though there is much to be learned about commodity markets, the tools at hand are capable of explaining the main forces at work, and of giving good guidance to policymakers confronted with a bewildering variety of expensive policy prescriptions.
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Citations
Cites
Kindleberger, C. P., & Aliber, R. Z. (2005) · doi:10.1057/9780230628045 · Cited by 821
How to understand high food prices
Gilbert, C. L. (2010) · Journal of Agricultural Economics · doi:10.1111/j.1477-9552.2010.00248.x · Cited by 738
Anatomy of a crisis: the causes and consequences of surging food prices
Headey, D., & Fan, S. (2008) · Agricultural Economics · doi:10.1111/j.1574-0862.2008.00345.x · Cited by 725
Index Funds, Financialization, and Commodity Futures Markets
Irwin, S. H., & Sanders, D. R. (2011) · Applied Economic Perspectives and Policy · doi:10.1093/aepp/ppq032 · Cited by 488
Cited by
Climate variation explains a third of global crop yield variability
Ray, D. K., Gerber, J. S., MacDonald, G. K., & West, P. C. (2015) · Nature Communications · doi:10.1038/ncomms6989 · Cited by 2,046
Food Security and Food Production Systems
(2015) · Climate Change 2014 Impacts, Adaptation, and Vulnerability · doi:10.1017/cbo9781107415379.012 · Cited by 818
Future warming increases probability of globally synchronized maize production shocks
Tigchelaar, M., Battisti, D. S., Naylor, R. L., & Ray, D. K. (2018) · Proceedings of the National Academy of Sciences · doi:10.1073/pnas.1718031115 · Cited by 527
Export Restrictions and Price Insulation During Commodity Price Booms
Martin, W., & Anderson, K. (2012) · American Journal of Agricultural Economics · doi:10.1093/ajae/aar105 · Cited by 388
Drivers and triggers of international food price spikes and volatility
Tadesse, G., Algieri, B., Kalkuhl, M., & von Braun, J. (2014) · Food Policy · doi:10.1016/j.foodpol.2013.08.014 · Cited by 298
Metadata
- Authors
- Wright, B. D.
- Venue
- Applied Economic Perspectives and Policy
- Publisher
- Wiley
- Published
- 2011-03
- Volume
- 33
- Issue
- 1
- Pages
- 32-58
- ISSN
- 2040-5790 (ISSN-L)
- 2040-5804
- OpenAlex
- W2067219936
- Cited by
- 423
- References
- 4
- FWCI
- 108.68
- Type
- journal article
- Language
- en
- Open access
- bronze
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