In this paper, we review the existing empirical literature on price asymmetries in
commodities, providing a way to classify and compare different studies that are highly …

We review recent developments in the analysis of price transmission in agricultural markets.
Markets may be separated in time, form, and space (as well as in combinations of such …

This paper analyzes the dramatic rise in US inflation since 2020, which we decompose into
a rise in core inflation as measured by the weighted median inflation rate and deviations of …

We develop a cointegrating nonlinear autoregressive distributed lag (NARDL) model in
which short-and long-run nonlinearities are introduced via positive and negative partial sum …

This paper provides evidence that prices respond significantly more strongly to increases
than to decreases in value-added taxes (VATs). First, using two plausibly exogenous VAT …

Large fluctuations in energy prices have been a distinguishing characteristic of the US
economy since the 1970s. Turmoil in the Middle East, rising energy prices in the United …

Output prices tend to respond faster to input increases than to decreases. This tendency is
found in more than two of every three markets examined. It is found as frequently in producer …

Asymmetric price transmission has been the subject of considerable attention in agricultural
economics. It is not only important because it may point to gaps in economic theory, but also …

The untested hypothesis of a linear association between trade openness and economic
growth in earlier studies may bring about incorrect inferences if indeed the association is …

In this article, we survey the theory and evidence linking fluctuations in energy prices to
those in aggregate economic activity. We then examine the implications of this research for …