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Drivers and triggers of international food price spikes and volatility
15 references·16 citing·35 second hop
Drivers and triggers of international food price spikes and volatility (2013)Drivers and triggers of international foo…A Model of Financialization of Commodities (2016)A Model of Financialization o…New Evidence on the Financialization of Commodity Markets (2014)New Evidence on the Financial…Index Investment and the Financialization of Commodities (2012)Index Investment and the Fina…The Economics of Grain Price Volatility (2011)The Economics of Grain Price …Export Restrictions and Price Insulation During Commodity Price Booms (2011)Export Restrictions and Price…Dating the timeline of financial bubbles during the subprime crisis (2011)Dating the timeline of financ…This time is different: eight centuries of financial folly (2010)This time is different: eight…Rethinking the global food crisis: The role of trade shocks (2010)Rethinking the global food cr…Index Investment and Financialization of Commodities (2010)Index Investment and Financia…How to Understand High Food Prices (2010)How to Understand High Food P…Three bubbles and a panic: An explanatory review of recent food commodity price events (2009)Three bubbles and a panic: An…This Time Is Different (2009)This Time Is DifferentDevil or Angel? The Role of Speculation in the Recent Commodity Price Boom (and Bust) (2009)Devil or Angel? The Role of S…What's Driving Food Prices? (2008)What's Driving Food Prices?A Note On Rising Food Prices (2008)A Note On Rising Food PricesClimate risk and trade credit financing: Evidence from China (2024)Climate risk and trade credit…Forecasting disruptions in global food value chains to tackle food insecurity: The role of AI and big data analytics – A bibliometric and scientometric analysis (2023)Forecasting disruptions in gl…High energy and fertilizer prices are more damaging than food export curtailment from Ukraine and Russia for food prices, health and the environment (2022)High energy and fertilizer pr…Volatility as a Transmitter of Systemic Risk: Is there a Structural Risk in Finance? (2020)Volatility as a Transmitter o…Unprecedented but not Unpredictable: Effects of the COVID-19 Crisis on Commodity-Dependent Countries (2020)Unprecedented but not Unpredi…Exploring global food system shocks, scenarios and outcomes (2020)Exploring global food system …Challenges and Prospects for Agricultural Greenhouse Gas Mitigation Pathways Consistent With the Paris Agreement (2020)Challenges and Prospects for …The Politics of Poverty: Policy-Making and Development in Rural Tanzania (2019)The Politics of Poverty: Poli…The impact of biofuels on food security (2019)The impact of biofuels on foo…Dual speculative hoarding: A wholesaler-retailer channel behavioral phenomenon behind potential natural hazard threats (2019)Dual speculative hoarding: A …Biofuel impact on food prices index and land use change (2019)Biofuel impact on food prices…Worldwide Acreage and Yield Response to International Price Change and Volatility: A Dynamic Panel Data Analysis for Wheat, Rice, Corn, and Soybeans (2016)Worldwide Acreage and Yield R…What Explains Agricultural Price Movements? (2016)What Explains Agricultural Pr…Volatile and Extreme Food Prices, Food Security, and Policy: An Overview (2016)Volatile and Extreme Food Pri…Worldwide Acreage and Yield Response to International Price Change and Volatility: A Dynamic Panel Data Analysis for Wheat, Rice, Corn, and Soybeans (2015)Worldwide Acreage and Yield R…The Healthy Weight Commitment Foundation Pledge (2014)The Healthy Weight Commitment…Credit Booms Gone Bust: Monetary Policy, Leverage Cycles, and Financial Crises, 1870–2008 (2012)The European Sovereign Debt Crisis (2012)Populism and the economics of globalization (2018)Systemic Banking Crises Database II (2020)Reflections on food crises past (2009)Placing The 2006/08 Commodity Price Boom Into Perspective (2010)World oil prices and agricultural commodity prices: Evidence from an emerging market (2010)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)Index Funds, Financialization, and Commodity Futures Markets (2011)Volatility spillover between oil and agricultural commodity markets (2012)Not All Oil Price Shocks Are Alike: Disentangling Demand and Supply Shocks in the Crude Oil Market (2009)Financialization of Commodity Markets (2013)Speculators, commodities and cross-market linkages (2013)Anatomy of a crisis: the causes and consequences of surging food prices (2008)Assessing the evolving fragility of the global food system (2015)Impacts of COVID-19 on Trade and Economic Aspects of Food Security: Evidence from 45 Developing Countries (2020)Towards food supply chain resilience to environmental shocks (2020)Value and Capital (1939)Better to give than to receive: Predictive directional measurement of volatility spillovers (2011)Uncertainty about Government Policy and Stock Prices (2012)Oil Price Shocks: Causes and Consequences (2014)Time-Varying Impact of Geopolitical Risks on Oil Prices (2019)Time Series Regression with a Unit Root (1987)The Econometrics of Financial Markets (1997)Deciphering the Liquidity and Credit Crunch 2007–2008 (2009)Testing for multiple bubbles: limit theory of real-time detectors: Testing for multiple bubbles (2015)Negative bubbles and shocks in cryptocurrency markets (2016)Trust and Growth (2001)Exchange Arrangements Entering the Twenty-First Century: Which Anchor will Hold?* (2019)Corporate Immunity to the COVID-19 Pandemic (2020)Financialization, crisis and commodity correlation dynamics (2012)Dynamic spillover effects among crude oil, precious metal, and agricultural commodity futures markets (2016)
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References

  • 2009This Time Is Different3,448 cited
  • 2010This time is different: eight centuries of financial folly1,776 cited
  • 2012Index Investment and the Financialization of Commodities1,333 cited
  • 2008A Note On Rising Food Prices1,100 cited
  • 2010How to Understand High Food Prices738 cited
  • 2010Index Investment and Financialization of Commodities723 cited
  • 2010Rethinking the global food crisis: The role of trade shocks598 cited
  • 2016A Model of Financialization of Commodities594 cited
  • 2011Dating the timeline of financial bubbles during the subprime crisis586 cited
  • 2009Three bubbles and a panic: An explanatory review of recent food commodity price events461 cited
  • 2011The Economics of Grain Price Volatility426 cited
  • 2011Export Restrictions and Price Insulation During Commodity Price Booms390 cited
  • 2014New Evidence on the Financialization of Commodity Markets383 cited
  • 2008What's Driving Food Prices?350 cited
  • 2009Devil or Angel? The Role of Speculation in the Recent Commodity Price Boom (and Bust)342 cited

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  • 2022

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High energy and fertilizer prices are more damaging than food export curtailment from Ukraine and Russia for food prices, health and the environment
178 cited
  • 2015Worldwide Acreage and Yield Response to International Price Change and Volatility: A Dynamic Panel Data Analysis for Wheat, Rice, Corn, and Soybeans141 cited
  • 2020Challenges and Prospects for Agricultural Greenhouse Gas Mitigation Pathways Consistent With the Paris Agreement129 cited
  • 2020Exploring global food system shocks, scenarios and outcomes91 cited
  • 2023Forecasting disruptions in global food value chains to tackle food insecurity: The role of AI and big data analytics – A bibliometric and scientometric analysis81 cited
  • 2016Volatile and Extreme Food Prices, Food Security, and Policy: An Overview81 cited
  • 2019The impact of biofuels on food security81 cited
  • 2019Dual speculative hoarding: A wholesaler-retailer channel behavioral phenomenon behind potential natural hazard threats79 cited
  • 2019Biofuel impact on food prices index and land use change74 cited
  • 2016What Explains Agricultural Price Movements?73 cited
  • 2016Worldwide Acreage and Yield Response to International Price Change and Volatility: A Dynamic Panel Data Analysis for Wheat, Rice, Corn, and Soybeans72 cited
  • 2014The Healthy Weight Commitment Foundation Pledge58 cited
  • 2020Unprecedented but not Unpredictable: Effects of the COVID-19 Crisis on Commodity-Dependent Countries47 cited
  • 2020Volatility as a Transmitter of Systemic Risk: Is there a Structural Risk in Finance?38 cited
  • 2024Climate risk and trade credit financing: Evidence from China20 cited
  • 2019The Politics of Poverty: Policy-Making and Development in Rural Tanzania4 cited