The interplay between oil and food commodity prices: has it changed over time?
Using time-varying BVARs, we find that oil price increases caused by oil supply shocks did not affect food commodity prices before the start of the millennium, but had positive spillover effects in more recent periods. Likewise, shortfalls in global food commodity supply—resulting from bad harvests—...
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| Main Authors: | , , |
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| Format: | Book/Monograph Working Paper |
| Language: | English |
| Published: |
Munich, Germany
CESifo, Center for Economic Studies & Ifo Institute
[2019]
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| Series: | CESifo working paper Category 10, Energy and climate economics
no. 7826 (August 2019) |
| In: |
CESifo working papers (no. 7826 (August 2019))
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| Online Access: | Verlag, lizenzpflichtig, Volltext: https://www.cesifo.org/en/publikationen/2019/working-paper/interplay-between-oil-and-food-commodity-prices-has-it-changed Resolving-System, kostenfrei, Volltext: http://hdl.handle.net/10419/207217 
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| Author Notes: | Gert Peersman, Sebastian K. Rüth, Wouter Van der Veken |
| Summary: | Using time-varying BVARs, we find that oil price increases caused by oil supply shocks did not affect food commodity prices before the start of the millennium, but had positive spillover effects in more recent periods. Likewise, shortfalls in global food commodity supply—resulting from bad harvests—have positive effects on crude oil prices since the early 2000s, in contrast to the preceding era. |
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| Item Description: | Gesehen am 01.03.2021 |
| Physical Description: | Online Resource |