منابع مشابه
Unspanned Macroeconomic Risks in Oil Futures
This paper constructs a macro-finance model for commodity futures. I document a feedback relationship between crude oil prices and real economic activity. The channel from real activity to oil prices is unspanned – meaning not identified in current futures prices – consistent with oil futures as a hedge asset against supply shocks. Unspanned macroeconomic risks have first order effects on risk ...
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Despite these diffi culties, the need to think about the future of social-ecological systems cannot be avoided. Th e defi nition of sustainability includes the notion of non-decreasing wealth: sustainable policies meet the needs of the present without undermining future generations’ ability to meet their needs (Arrow et al. 2004). Inevitably, environmental actions aff ect future generations as ...
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Practitioner's Abstract The costs of corn-and soybean-based feeds compose a substantial proportion of the variable costs faced by both mainstream and emergent confined livestock producers. This research develops a method to provide a joint distribution of prices of corn and soybean meal at a future time. Black's 1976 option model and stochastic volatility jump diffusion (SVJD) model are compare...
متن کاملGlobal Environmental Risks
Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive o...
متن کاملModeling Water Futures Using Food Security and Environmental Sustainability Approaches
Global water scarcity is becoming a constraint for human development. Therefore there is a need to enhance water productivity of the irrigated and rainfed agriculture to meet the increasing food demand due to the population growth. This paper describes modeling efforts to assess present and future water needs for food, people and environment. This exercise is being carried out by the Internatio...
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ژورنال
عنوان ژورنال: Procedia Environmental Sciences
سال: 2014
ISSN: 1878-0296
DOI: 10.1016/j.proenv.2014.09.001