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Published in:
Methods to Analyse Agricultural Commodity Price Volatility Read chapter Read first chapter

2011 | OriginalPaper | Chapter

4. Food Price Volatility

Authors : Christopher L. Gilbert, C. Wyn Morgan

Published in: Methods to Analyse Agricultural Commodity Price Volatility

Publisher: Springer New York

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Abstract

The high food prices experienced over recent years have led to the widespread view that food price volatility has increased. However, volatility has generally been lower over the two most recent decades than previously. Over the most recent period, volatility has been high but, with the important exception of rice, not out of line with historical experience. There is weak evidence that grains’ price volatility more generally may be increasing.

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previous chapter The Energy/Non-energy Price Link: Channels, Issues and Implications
next chapter Empirical Issues Relating to Dairy Commodity Price Volatility
Footnotes
1
In Gilbert and Morgan (2010), we used a GARCH model to address this question.
 
2
ρ, λ and the three variances \(\sigma _\varepsilon ^2\), \(\sigma _\nu ^2\) and \(\sigma _\kappa ^2\).
 
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Metadata
Title
Food Price Volatility
Authors
Christopher L. Gilbert
C. Wyn Morgan
Copyright Year
2011
Publisher
Springer New York
Book
Methods to Analyse Agricultural Commodity Price Volatility

Print ISBN: 978-1-4419-7633-8

Electronic ISBN: 978-1-4419-7634-5

Copyright Year: 2011

DOI
https://doi.org/10.1007/978-1-4419-7634-5_4