The food commodity price increases beginning in 2001 and culminating in the food crisis of 2007/08 reflected a combination of several factors, including economic growth, biofuel expansion, exchange rate fluctuations, and energy price inflation. To quantify these influences, the authors developed an empirical model that also included crop inventory adjustments. The study shows that, if inventory effects are not taken into account, the impacts of the...
更多显示
详细
-
2011/08/01
-
政策研究报告
-
WPS5744
-
1
-
1
-
2011/08/01
-
Disclosed
-
The role of inventory adjustments in quantifying factors causing food price inflation
-
domestic consumption does