scholarly journals Price Stickiness in US-Corn Market: Evidence from Dsge-Var Simulation

Author(s):  
Olatunji A. Shobande ◽  
Oladimeji Tomiwa Shodipe

Abstract This study examines price stickiness in the United States (US) corn market using annual series data, on the dollar price of corn per bushel, obtained from the United States Department of Agriculture (USDA) and Federal Reserve Bank of Saint Louis (FRED), between 1930 and 2017. The study implemented the Calvo price stick model based on an agent in a general equilibrium and New Keynesian type, simulated using DSGE-VAR. The approach permits the indexing formula to include expected corn inflation rather than lagged inflation. The results show that corn price inflation only persists by 2% every trading year, resulting from changes in the immediate future corn-price inflation and output-gap, respectively. The shock to stochastic term only causes a partial decline in the corn price, converging at a future date with its long-run equilibrium. The experiment confirmed that corn price fluctuations are beyond the purview of the domestic economy, and any attempt to impose price policies will offset the price setting, creating further distortions and a wider gap in the corn yield. The study provides fresh insight into the Calvo price stick model of the New Keynesian type and its use to forecast agricultural outcomes.

2021 ◽  
Vol 21 (02) ◽  
pp. 111-120
Author(s):  
Arifin Zainul ◽  
Nuhfil Hanani ◽  
Djoko Kustiono ◽  
S Syafrial ◽  
Rosihan Asmara

By 2045, Indonesia's population is expected to reach 321.4 million, the fifth largest in the world after China, India, Nigeria, and the United States. It is an excellent challenge for Indonesia to provide food in the future as it keeps pace with the rapid population growth. This study aims to analyze forecasting the basic conditions of Indonesia’s rice economy 2019-2045. The research data use time-series data from 1961-2018, including data from the Central Bureau of Statistics (BPS), Ministry of Agriculture/Pusdatin, Food and Agriculture Organization (FAO), International Rice Research (IRR), Department of Commerce, United States Department of Agriculture (USDA), and ASEAN Food Safety Information System (AFSIS). Data analysis using the simultaneous equations model approach. The results show that in 2019-2045 the projection of rice productivity in 2025 is 64,465 quintals per hectare; in 2035, it is 68,797 quintals per hectare, and in 2045 it is 77,462 quintals per hectare. In 2045, the projected land area is 27.64 million hectares. Although Indonesia is forecast to experience a rice surplus of 37.80 million tonnes in 2045, the projected rice production and domestic rice consumption level indicate the potential for rice imports of 15 million tonnes.


1996 ◽  
Author(s):  
J. F. Hoelscher ◽  
R. Ducey ◽  
G. D. Smith ◽  
L. W. Strother ◽  
C. Combs

2020 ◽  
Vol 11 (1) ◽  
Author(s):  
Brittany L Schappach ◽  
Rayda K Krell ◽  
Victoria L Hornbostel ◽  
Neeta P Connally

Abstract The Asian longhorned tick (ALT), Haemaphysalis longicornis Neumann (Acari: Ixodidae), is a three-host tick that was first detected outside of United States Department of Agriculture (USDA) quarantine in Hunterdon County, New Jersey, in 2017 and subsequently found in another 14 states. In its native Asia, and where it has become established in Australia and New Zealand, ALTs feed on a variety of hosts and are economically important livestock pests and competent vectors of multiple pathogens to humans and other animals. The degree to which ALT will become a persistent livestock pest or competent vector for introduced or existing pathogens in the United States is yet unclear. Because of its vast host availability, ability to reproduce asexually, known vector competence, and the presence of multiple life stages on hosts, the expansion of ALT establishment in the United States is expected, and is a significant public health and veterinary concern. In this paper, we discuss the biology, geographical distribution, life cycle and seasonal activity, reproduction, identification, medical and veterinary implications, management options, and future concerns in the United States.


2006 ◽  
Vol 1 (2) ◽  
pp. 99-105 ◽  
Author(s):  
Jonathan B. Perlin

Ten years ago, it would have been hard to imagine the publication of an issue of a scholarly journal dedicated to applying lessons from the transformation of the United States Department of Veterans Affairs Health System to the renewal of other countries' national health systems. Yet, with the recent publication of a dedicated edition of the Canadian journal Healthcare Papers (2005), this actually happened. Veterans Affairs health care also has been similarly lauded this past year in the lay press, being described as ‘the best care anywhere’ in the Washington Monthly, and described as ‘top-notch healthcare’ in US News and World Report's annual health care issue enumerating the ‘Top 100 Hospitals’ in the United States (Longman, 2005; Gearon, 2005).


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