THE IMPACT OF THE RECENT FEDERAL RESERVE LARGE-SCALE ASSET PURCHASES ON THE AGRICULTURAL COMMODITY PRICES: A HISTORICAL DECOMPOSITION

Sayed Saghaian and Michael Reed

International Journal of Food and Agricultural Economics (IJFAEC), 2014, vol. 02, issue 2, 16

Abstract: In this study, we evaluate the effects of the recent Federal Reserve’s purchases of long-term assets on prices of agricultural commodities. The first large-scale asset purchases began at the end of 2008, after the Great Recession, and the second purchases began in November of 2010. The commodities included in this analysis are meats (beef, pork, and broilers), cereal grains (corn, soybeans, wheat, and rice), and softs (sugar, coffee, cocoa, and cotton). Using historical decompositions, we find significant increases in the nominal agricultural prices of ten out of 12 agricultural commodities under investigation from the second large-scale asset

Keywords: Agricultural and Food Policy; Food Consumption/Nutrition/Food Safety (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (3)

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Working Paper: THE IMPACT OF THE RECENT FEDERAL RESERVE LARGE-SCALE ASSET PURCHASES ON THE AGRICULTURAL COMMODITY PRICES: A HISTORICAL DECOMPOSITION (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ijfaec:168574

DOI: 10.22004/ag.econ.168574

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