• Commodity price effect is non-uniform and changes over time. Diverse sectoral commodity effects are robust to alternative specifications. affected by crisis third-country exchange rates. The empirical results challenge the assumption of stable effects. Using quarterly data on four commodity-exporting countries, we examine explanatory power real prices predict effective rates, paying particula...

We theoretically study how commodity financialization affects trading behavior, prices and welfare through affecting risk sharing and price discovery in futures markets. In our model, the general equilibrium feature makes financial traders either provide or demand liquidity in the futures market, depending on the information environment. Consistent with recent evidence, commodity financializati...

In this paper, based on a description of the four major players of commodity spot and futures markets, we establish a multi-phase equilibrium model of price determination, and then analyze the influence of the entry of a large number of index investors on the risk premium, inventory management, and different traders’ positions of commodity futures. The result shows that, the correlation between...

abstract increase in aquatics demand is one of the major goals for production policies. hence analysis of demand structure and aquatics consumption patterns is very applicative and useful for policy makers. using the almost ideal demand system (a.i.d.s), the demand function for types of aquatics and chicken meat in urban and rural societies in kerman city were estimated. applying time series da...