Observations on the relationship between agricultural commodity prices and real interest rates

1983 ◽  
Vol 3 (1) ◽  
pp. 47-54
Author(s):  
Bruce A. Scherr ◽  
Howard C. Madsen
Keyword(s):  
Interest Rates ◽  
Commodity Prices ◽  
Agricultural Commodity ◽  
Real Interest Rates ◽  
The Relationship

scholarly journals On the Dynamic Relationship between U.S. Farm Income and Macroeconomic Variables

2009 ◽  
Vol 41 (2) ◽  
pp. 521-528 ◽  
Author(s):  
Jungho Baek ◽  
Won W. Koo
Keyword(s):  
Interest Rates ◽  
Commodity Prices ◽  
Commodity Price ◽  
Farm Income ◽  
Agricultural Commodity ◽  
Macroeconomic Variables ◽  
Distributed Lag ◽  
Dynamic Relationship ◽  
Long Run ◽  
Short Run

This study examines the short- and long-run effects of changes in macroeconomic variables—agricultural commodity prices, interest rates and exchange rates—on the U.S. farm income. For this purpose, we adopt an autoregressive distributed lag (ARDL) approach to cointegration with quarterly data for 1989–2008. Results show that the exchange rate plays a crucial role in determining the long-ran behavior of U.S. farm income, but has little effect in the short-run. We also find that the commodity price and interest rate have been significant determinants of U.S. farm income in both the short- and long-run over the past two decades.

Conclusion

2019 ◽  
pp. 192-202
Author(s):  
Anna Chadwick
Keyword(s):  
Political Economy ◽  
Commodity Prices ◽  
The Political ◽  
Agricultural Commodity ◽  
World Hunger ◽  
Double Movement ◽  
Recent Developments ◽  
The Relationship

The conclusion begins with a discussion of the significance of some recent developments in the trajectory of agricultural commodity prices. The author then draws together the key arguments developed throughout the book, and offers some final reflections on the relationship between law and the political economy of hunger. The reflections are organized around the intellectual debts schema set out in the Introduction. Using the lenses of entitlement, commodification, Institutionalist insights, and Karl Polanyi’s motif of ‘double movement’, the author concludes with a determination on whether existing legal solutions to the challenge of world hunger are likely to be effective when the role of law in constituting markets and in conditioning logics of accumulation is taken into account.

scholarly journals Correlation clustering: analysis of major agricultural commodity markets

2018 ◽  
Vol 3 (3) ◽  
pp. 288-302
Author(s):  
János Szenderák
Keyword(s):  
Crude Oil ◽  
Vegetable Oils ◽  
Commodity Prices ◽  
Commodity Price ◽  
Agricultural Commodity ◽  
Correlation Clustering ◽  
Relationship Of ◽  
Agricultural Input ◽  
The Relationship

The aim of this article is to compare the clusters formed by the correlation distances between the agricultural and the energy commodity price returns in different periods of time. The energy and agricultural markets have become more interlinked in the past ten years, which can be attributed partly to the increased usage of biofuels. According to the results of this research, after the global financial and economic crisis of 2008/09, the relationship has become tighter between the agricultural commodity prices and the price of the crude oil. Based on the hierarchical clustering, the relationship between crude oil and sugar, and especially between crude oil and vegetable oils has become stronger. These results support the hypothesis of a more interconnected agricultural and energy market after 2013. Furthermore, the emerged relationship of crude oil with the vegetable oils may indicate the connecting role of biofuels, since biofuels require agricultural input materials, partly vegetable oils. However, the role of biofuels in the present analysis requires further researches.

scholarly journals THE EFFECTS ON COMMODITY PRICES OF EXTRAORDINARY MONETARY POLICY

2017 ◽  
Vol 49 (1) ◽  
pp. 83-96 ◽  
Author(s):  
AITBEK AMATOV ◽  
JEFFREY H. DORFMAN
Keyword(s):  
Monetary Policy ◽  
Interest Rates ◽  
Price Index ◽  
Commodity Prices ◽  
Commodity Price ◽  
Agricultural Commodity ◽  
Vector Error Correction ◽  
Vector Error ◽  
Macroeconomic Indicators ◽  
The Face

AbstractThis article examines the relationship between Federal Reserve monetary policy and other macroeconomic indicators to both a broad commodity price index and an agricultural commodity price index by employing a vector error correction model. Excessive liquidity and the recent long period of ultralow interest rates appear to have played a statistically significant role in affecting prices in the commodities markets. The responses of commodity prices to monetary policy that we estimate generally conform to earlier findings, but the sensitivity of the responses appears different in the face of the unprecedented scope of recent Fed activism.

scholarly journals Analysis of the Relationship between World Oil Price and Exchange Rate on Agricultural Commodity Prices in Indonesia

2018 ◽  
Vol 8 (12) ◽  
Author(s):  
Cut Endang Kurniasih ◽  
Hizir . ◽  
Muhammad Nasir ◽  
Mohd Sadad Mahmud ◽  
Norfadzilah Rashid ◽  
...  
Keyword(s):  
Exchange Rate ◽  
Commodity Prices ◽  
Oil Price ◽  
Agricultural Commodity ◽  
The Relationship
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