The Resource Reviving the competitive storage model : a holistic approach to food commodity prices, Yanliang Miao, Weifeng Wu, and Norbert Funke

Reviving the competitive storage model : a holistic approach to food commodity prices, Yanliang Miao, Weifeng Wu, and Norbert Funke

Label
Reviving the competitive storage model : a holistic approach to food commodity prices
Title
Reviving the competitive storage model
Title remainder
a holistic approach to food commodity prices
Statement of responsibility
Yanliang Miao, Weifeng Wu, and Norbert Funke
Creator
Contributor
Author
Publisher
Subject
Genre
Language
  • eng
  • eng
Summary
We revive in this paper the empirical relevance of the competitive storage model by taking a holistic approach to food commodity prices. We augment the seminal Deaton and Laroque (1992, 1996) model by incorporating more comprehensive and realistic supply and demand factors: output and demand trends, shocks to the yield, and time-varying interest rates. While the computational burden increases exponentially, the augmented model succeeds in replicating all four key patterns of food commodity prices. Our simulation and comparative statics also show that (i) the long-run declining trend of food pr
Member of
Cataloging source
MiAaPQ
http://library.link/vocab/creatorDate
1980-
http://library.link/vocab/creatorName
Miao, Yanliang
Dewey number
641.4
Illustrations
illustrations
Index
no index present
Language note
English
LC call number
TX601
LC item number
.M536 2011
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • International Monetary Fund
  • Wu, Weifeng
  • Funke, Norbert
Series statement
IMF Working Paper
Series volume
WP/11/64
http://library.link/vocab/subjectName
  • Food
  • Food prices
Label
Reviving the competitive storage model : a holistic approach to food commodity prices, Yanliang Miao, Weifeng Wu, and Norbert Funke
Instantiates
Publication
Copyright
Note
Description based upon print version of record
Carrier category
online resource
Carrier category code
cr
Content category
text
Content type code
txt
Contents
  • Cover Page; Title Page; Copyright Page; Contents; 1. Introduction; 2. Empirical Motivation: Factors That Affect Food Prices; 2.1 Supply: Production and Storage; 2.2 Demand: Consumption and Storage; 2.3 Other Factors; 3. How Commodity Prices Are Determined; 3.1 The Prototype Competitive Storage Model; 3.2 The Augmented Model; 4. Matching Theory And Data; 4.1 The Method of Simulated Moments Estimation; 4.2 Comparative Statics; 4.2.1 The Effect of Output Trend; 4.2.2 The Effect of Demand Trend; 4.2.3 The Effect of Yield Shocks; 4.2.4 The Effect of Interest Rates
  • 4.2.5 The Effect of Depreciation Rates4.2.6 The Effect of Consumption Elasticity; 4.3 Overall Effects; 4.4 The Role of Storage; 4.5 Other Food Commodities; 5. Conclusion; A Data; B The Endogenous Grid Points Algorithm; C Method of Simulated Moments; Footnotes
Dimensions
unknown
Extent
1 online resource (57 p.)
Form of item
online
Isbn
9781283555647
Media category
computer
Media type code
c
Specific material designation
remote
System control number
  • (CKB)2550000000102110
  • (EBL)1587272
  • (SSID)ssj0001185678
  • (PQKBManifestationID)11688216
  • (PQKBTitleCode)TC0001185678
  • (PQKBWorkID)11200453
  • (PQKB)10821327
  • (MiAaPQ)EBC1587272
  • (EXLCZ)992550000000102110
Label
Reviving the competitive storage model : a holistic approach to food commodity prices, Yanliang Miao, Weifeng Wu, and Norbert Funke
Publication
Copyright
Note
Description based upon print version of record
Carrier category
online resource
Carrier category code
cr
Content category
text
Content type code
txt
Contents
  • Cover Page; Title Page; Copyright Page; Contents; 1. Introduction; 2. Empirical Motivation: Factors That Affect Food Prices; 2.1 Supply: Production and Storage; 2.2 Demand: Consumption and Storage; 2.3 Other Factors; 3. How Commodity Prices Are Determined; 3.1 The Prototype Competitive Storage Model; 3.2 The Augmented Model; 4. Matching Theory And Data; 4.1 The Method of Simulated Moments Estimation; 4.2 Comparative Statics; 4.2.1 The Effect of Output Trend; 4.2.2 The Effect of Demand Trend; 4.2.3 The Effect of Yield Shocks; 4.2.4 The Effect of Interest Rates
  • 4.2.5 The Effect of Depreciation Rates4.2.6 The Effect of Consumption Elasticity; 4.3 Overall Effects; 4.4 The Role of Storage; 4.5 Other Food Commodities; 5. Conclusion; A Data; B The Endogenous Grid Points Algorithm; C Method of Simulated Moments; Footnotes
Dimensions
unknown
Extent
1 online resource (57 p.)
Form of item
online
Isbn
9781283555647
Media category
computer
Media type code
c
Specific material designation
remote
System control number
  • (CKB)2550000000102110
  • (EBL)1587272
  • (SSID)ssj0001185678
  • (PQKBManifestationID)11688216
  • (PQKBTitleCode)TC0001185678
  • (PQKBWorkID)11200453
  • (PQKB)10821327
  • (MiAaPQ)EBC1587272
  • (EXLCZ)992550000000102110

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