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Horizontal Price Transmission in Agricultural Markets: Fundamental Concepts and Open Empirical Issues

机译:农业市场中的水平价格传导:基本概念和开放的经验性问题

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Following the dramatic changes experienced by the prices of agricultural commodities in 2007-2008, the analysis of horizontal price transmission mechanisms in agricultural markets has attracted renewed interest. In particular, this has led to the emergence of new challenges for the empirical analysis. How to model the increasing volatility and non linear behaviour of prices, to assess the impact of the policy responses to market turbulence, and how to account for the increasing interconnections between agricultural and non-agricultural commodity markets are amongst the most investigated issues. Building on a common analytical framework, this paper discusses and reviews the most recent methodological developments and empirical contributions in the field.
机译:继2007年至2008年农产品价格经历了巨大变化之后,对农产品市场水平价格传导机制的分析引起了新的兴趣。特别是,这导致了经验分析的新挑战。如何建模价格的不断波动和非线性行为,评估政策对市场动荡的影响,以及如何解释农业和非农业商品市场之间日益增长的相互联系,是最受关注的问题。本文基于一个通用的分析框架,讨论并回顾了该领域的最新方法论发展和经验贡献。

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