The high food prices experienced over recent years have led to the widespread view that
food price volatility has increased. However, volatility has generally been lower over the two …

Periodically, the global economy experiences great commodity booms and busts,
characterized by a broad and sharp comovement of commodity prices. There have been two …

I quantify the contribution of sectoral shocks to business cycle fluctuations in aggregate
output. I develop and estimate a multi-industry general equilibrium model in which each …

Agricultural price booms are better explained by common factors than by market‐specific
factors such as supply shocks. A capital asset pricing model‐type model shows why one …

Interest in agriculture for growth and poverty reduction reawakened in the early 2000s made
all the keener by the sudden rise in cereals prices on world markets in 2007–08. But is it still …

The book develops a methodology within which alternative proposals for stabilizing the
prices of agricultural and other commodities can be evaluated. It evolved from studies …

Fines are used in a variety of situations to control activities which impose external
costs.'Examples of such activities include polluting the air, speeding or double parking …

The current US oil and gas boom is injecting labour, capital and revenue into communities
near reserves. Will these communities be cursed with lower long‐run incomes in the wake of …

It is commonly asserted that speculative buying by index funds in commodity futures and
over-the–counter derivatives markets created a “bubble “in commodity prices, with the result …

In this book, first published in 1990, Judith Rees considers the spatial distribution of
resource availability, development and consumption, and the distribution of resource …