It is a pleasure to be invited to discuss this rich paper by Jeffrey Frankel and Andrew Rose. After the events of the past few years, with a range of commodity prices exhibiting great volatility, it is not hard to motivate Frankel and Rose’s choice of topic, seen from either a longor medium-term perspective. The authors use annual data, mainly in a panel context, to examine the relationship bet...

Using quarterly data for the 1998-2021 period, and with application of Kalman filter estimates it is shown that incomplete exchange rate pass-through (ERPT) somewhat stronger countries a floating regime, especially producer prices. Since middle 2000s, ERPT to consumer prices 11 Central Eastern European (CEE) countries, as well Baltic States, seems be stable in most countries. With exception Cze...

THE UNITED STATES IS THE WORLD'S LEADING PRODUCER OF SOY. HOWEVER, MANY U.S. FARMERS are shining from soy to corn (maize) in order to qualify for generous government subsidies intended to promote biofliel production (7); since 2006, U.S. corn production has risen 19% while soy production has fallen by 15% (2). This in turn is helping to drive a major increase in global soy prices (5), which hav...

We study a game that models a market in which heterogeneous producers of perfect substitutes make pricing decisions in a first stage, followed by consumers that select a producer that sells at lowest price. As opposed to Cournot or Bertrand competition, producers select prices using a supply function that maps prices to production levels. Solutions of this type of models are normally referred t...

Recent increases in imports of catfish, shrimp, and crawfish have caused concern as to their impact on domestic prices. This study seeks to identify the linkages between imports of these goods and producer prices. Increases in imports of catfish and shrimp are shown to decrease related domestic prices. However, recent trends show a simultaneous increase in both imports and domestic prices of cr...

This study examines the effect of banning antimicrobial growth promoters on efficiency in the production of weaned and slaughter (finishing) pigs. We focus on the reaction of producers and production efficiency. We evaluate the estimated output and input shadow prices relative to market prices to analyse producer reactions and capture the impact on production efficiency by evaluating the effect...

Recent increases in imports of catfish, shrimp, and crawfish have caused concern as to their impact on domestic prices. This study seeks to identify the linkages between imports of these goods and producer prices. Increases in imports of catfish and shrimp are shown to decrease related domestic prices. However, recent trends show a simultaneous increase in both imports and domestic prices of cr...

Many papers in the recent literature in open economy macroeconomics make different assumptions about the currency in which firms set their export prices when nominal prices must be pre-set. But to date, all of these studies take the currency of price setting as exogenous. This paper sets up a simple two-country general equilibrium model in which exporting firms can choose the currency in which ...

Uaiene, Rafael N., M.S., Purdue University, December, 2004. Maize and Sorghum Technologies and the Effects of Marketing Strategies on Farmers’ Income in Mozambique. Major Professor: John H. Sanders, College of Agriculture. About three-quarter of Mozambicans depend on agriculture for their livelihoods. Maize and sorghum are major crops and food staples. Given limited off-farm employment opportun...