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Global Food Price Volatility and Spikes: An Overview of Costs, Causes, and Solutions
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Global Food Price Volatility and Spikes: An Overview of Costs, Causes, and Solutions (2012)Global Food Price Volatility and Spikes: …International Grain Reserves And Other Instruments to Address Volatility in Grain Markets (2012)International Grain Reserves …The Welfare Impacts of Commodity Price Volatility: Evidence from Rural Ethiopia (2011)The Welfare Impacts of Commod…Estimating the Short-Run Poverty Impacts of the 2010-11 Surge in Food Prices (2011)Estimating the Short-Run Pove…Transmission of World Food Price Changes to Markets in Sub-Saharan Africa (2010)Transmission of World Food Pr…How to Understand High Food Prices (2010)How to Understand High Food P…When speculation matters (2009)When speculation mattersThree bubbles and a panic: An explanatory review of recent food commodity price events (2009)Three bubbles and a panic: An…The Relationship between Oil, Exchange Rates, and Commodity Prices (2009)The Relationship between Oil,…The Aftermath of Financial Crises (2009)The Aftermath of Financial Cr…Higher Food Prices in Sub-Saharan Africa: Poverty Impact and Policy Responses (2009)Higher Food Prices in Sub-Sah…The Impact of Rising Food Prices on the Poor (2008)The Impact of Rising Food Pri…A Note On Rising Food Prices (2008)A Note On Rising Food PricesINTERNATIONAL EVIDENCE ON FOOD CONSUMPTION PATTERNS (2003)INTERNATIONAL EVIDENCE ON FOO…Market microstructure theory (1995)Market microstructure theoryStorage and Commodity Markets. (1992)Storage and Commodity Markets.The Theory of Commodity Price Stabilization: A Study in the Economics of Risk. (1983)The Theory of Commodity Price…Exploring global food system shocks, scenarios and outcomes (2020)Exploring global food system …Shock transmission in the International Food Trade Network (2018)Shock transmission in the Int…How the international media framed ‘food riots’ during the global food crises of 2007–12 (2018)How the international media f…An update on speculation and financialization in commodity markets (2018)An update on speculation and …Inclusion and Resilience (2013)Inclusion and ResilienceReflections on food crises past (2009)World oil prices and agricultural commodity prices: Evidence from an emerging market (2010)Drivers and triggers of international food price spikes and volatility (2013)Global Agricultural Supply and Demand: Factors Contributing to the Recent Increase in Food Commodity Prices (2026)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Rethinking the global food crisis: The role of trade shocks (2010)Index Funds, Financialization, and Commodity Futures Markets (2011)Volatility spillover between oil and agricultural commodity markets (2012)Distribution of the Estimators for Autoregressive Time Series with a Unit Root (1979)Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root (1981)Co-Integration and Error Correction: Representation, Estimation, and Testing (1987)Dynamic spillovers among major energy and cereal commodity prices (2014)Oil price shocks and agricultural commodity prices (2014)Volatility transmissions across international oil market, commodity futures and stock markets: Empirical evidence from China (2020)Risk Aversion in the Small and in the Large (1964)The Logic of Collective Action (1965)The Logic of Collective Action: Public Goods and the Theory of Groups. (1966)Food Security in an Era of Economic Volatility (2010)Fish Price Volatility (2014)The Impact of Food Prices on Poverty and Food Security (2016)Growth in a Time of Debt (2010)From Financial Crash to Debt Crisis (2011)The impact of high government debt on economic growth and its channels: An empirical investigation for the euro area (2012)Macroprudential Policy, Countercyclical Bank Capital Buffers, and Credit Supply: Evidence from the Spanish Dynamic Provisioning Experiments (2017)Market microstructure: A survey (2000)A Tale of Two Time Scales: Determining Integrated Volatility with Noisy High Frequency Data (2003)Realized Variance and Market Microstructure Noise (2006)Anatomy of a crisis: the causes and consequences of surging food prices (2008)Projection methods for solving aggregate growth models (1992)The Dynamics of Commodity Spot and Futures Markets: A Primer (2001)Can Exchange Rates Forecast Commodity Prices? * (2010)A speculative bubble in commodity futures prices? Cross‐sectional evidence (2010)Food price volatility in sub-Saharan Africa (2014)Volatility linkages between energy and agricultural commodity prices (2015)Competitive Storage and Commodity Price Dynamics (1996)Effects of Non‐Farm Employment on Rural Income Inequality in Developing Countries: An Investment Perspective (2000)Overcoming Market Constraints to Pro-Poor Agricultural Growth in Sub-Saharan Africa (2006)
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References

  • 2009The Aftermath of Financial Crises1,509 cited
  • 1995Market microstructure theory1,305 cited
  • 2008A Note On Rising Food Prices1,100 cited
  • 2010How to Understand High Food Prices738 cited
  • 1992Storage and Commodity Markets.673 cited
  • 1983The Theory of Commodity Price Stabilization: A Study in the Economics of Risk.632 cited
  • 2009Three bubbles and a panic: An explanatory review of recent food commodity price events461 cited
  • 2009The Relationship between Oil, Exchange Rates, and Commodity Prices268 cited
  • 2011The Welfare Impacts of Commodity Price Volatility: Evidence from Rural Ethiopia247 cited
  • 2009When speculation matters219 cited
  • 2009Higher Food Prices in Sub-Saharan Africa: Poverty Impact and Policy Responses206 cited
  • 2010Transmission of World Food Price Changes to Markets in Sub-Saharan Africa187 cited
  • 2003INTERNATIONAL EVIDENCE ON FOOD CONSUMPTION PATTERNS170 cited
  • 2011Estimating the Short-Run Poverty Impacts of the 2010-11 Surge in Food Prices129 cited
  • 2008The Impact of Rising Food Prices on the Poor111 cited
  • 2012International Grain Reserves And Other Instruments to Address Volatility in Grain Markets

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  • 2018An update on speculation and financialization in commodity markets96 cited
  • 2020Exploring global food system shocks, scenarios and outcomes91 cited
  • 2018Shock transmission in the International Food Trade Network71 cited
  • 2013Inclusion and Resilience19 cited
  • 2018How the international media framed ‘food riots’ during the global food crises of 2007–1214 cited