US Policy Contributions to Agricultural Commodity Price Fluctuations, 2006-12

Gordon Rausser and Harry de Gorter (hd15@cornell.edu)

No wp-2013-033, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Since 2006, global prices and price volatility for foodgrain commodities have spiked frequently and dramatically. Such spikes have had the heaviest economic and social impact on developing nations, where agriculture accounts for a sizable portion of economic activity. We demonstrate how US public policies have contributed to these spikes. We first assess the impacts of US agricultural and macroeconomic policies on basic food commodity markets in the United States and their spillover effects on world markets prior to 2006.

Keywords: Agriculture; Economic policy; International economic relations; Macroeconomics; Prices (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:wp-2013-033

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