Download or read book Reviving the Competitive Storage Model written by Yanliang Miao and published by International Monetary Fund. This book was released on 2011-03-01 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: We revive in this paper the empirical relevance of the competitive storage model by taking a holistic approach to food commodity prices. We augment the seminal Deaton and Laroque (1992, 1996) model by incorporating more comprehensive and realistic supply and demand factors: output and demand trends, shocks to the yield, and time-varying interest rates. While the computational burden increases exponentially, the augmented model succeeds in replicating all four key patterns of food commodity prices. Our simulation and comparative statics also show that (i) the long-run declining trend of food prices may come to a halt or even reverse due to the shifting balance between supply and demand; (ii) short-run price fluctuations are mainly attributable to sizeable, though low-probability, shocks to output such as inclement weather; and (iii) the impact of monetary policy, though small in normal times, is nonlinear and asymmetric, and can become large if the real rate passes a certain threshold.
Download or read book The Empirical Relevance of the Competitive Storage Model written by Carlo Cafiero and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: "The empirical relevance of models of competitive storage arbitrage in explaining commodity price behavior has been seriously challenged in a series of pathbreaking papers by Deaton and Laroque (1992, 1995, 1996). Here we address their major criticism, that the model is in general unable to explain the degree of serial correlation observed in prices of twelve major commodities. First, we present a simple numerical version of their model which, contrary to Deaton and Laroque (1992), can generate the high levels of serial correlation observed in commodity prices, if it is parameterized to generate realistic levels of price variation. Then, after estimating the Deaton and Laroque (1995, 1996) model using their data set, model specification and econometric approach, we show that use of a much finer grid to approximate the equilibrium price function yields quite different estimates for most commodities. Results are obtained for coffee, copper, jute, maize, palm oil, sugar and tin that s
Download or read book Revisiting the Competitive Storage Model as a Tool for the Empirical Analysis of Commodity Price Volatility written by Nicolas Legrand and published by . This book was released on 2016* with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Estimating the Competitive Storage Model with Trending Commodity Prices written by Christophe Gouel and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on Price Adjustment in a Competitive Storage Model written by Anh Nam Tran and published by . This book was released on 2013 with total page 113 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Regional Economic Outlook April 2017 Sub Saharan Africa written by Céline Allard and published by International Monetary Fund. This book was released on 2017-05-09 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: Growth momentum in sub-Saharan Africa remains fragile, marking a break from the rapid expansion witnessed since the turn of the millennium. 2016 was a difficult year for many countries, with regional growth dipping to 1.4 percent—the lowest level of growth in more than two decades. Most oil exporters were in recession, and conditions in other resource-intensive countries remained difficult. Other nonresource-intensive countries however, continued to grow robustly. A modest recovery in growth of about 2.6 percent is expected in 2017, but this falls short of past trends and is too low to put sub-Saharan Africa back on a path of rising living standards. While sub-Saharan Africa remains a region with tremendous growth potential, the deterioration in the overall outlook partly reflects insufficient policy adjustment. In that context, and to reap this potential, strong and sound domestic policy measures are needed to restart the growth engine.
Download or read book Regional Economic Outlook April 2015 Sub Saharan Africa written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2015-04-28 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt: The sharp decline in oil and other commodity prices have adversely impacted sub-Saharan Africa. Nevertheless, the region is projected to register another year of solid economic performance. In South Africa, however, growth is expected to remain lackluster, while in Guinea, Liberia, and Sierra Leone the Ebola outbreak continues to exact a heavy economic and social toll. This report also considers how sub-Saharan Africa can harness the demographic dividend from an unprecedented increase in the working age population, as well as the strength of the region's integration into global value chains.
Download or read book Regional Economic Outlook October 2013 Sub Saharan Africa written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2013-10-31 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: The October 2013 Regional Economic Outlook: Sub-Saharan Africa provides a comprehensive report on the prospects for growth in the region, as well as the major risks to the outlook. Generally, growth is expected to remain strong despite a downward revision since the May 2013 report. The report analyzes drivers of growth in nonresource-rich sub-Saharan African countries, and examines the risks to frontier market economies of volatile capital flows as they become more integrated with international capital markets.
Download or read book Regional Economic Outlook October 2017 Sub Saharan Africa written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2017-11-27 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: Growth in sub-Saharan Africa has recovered relative to 2016, but the momentum is weak and per capita incomes are expected to barely increase. Further, vulnerabilities have risen in many countries, adding to the urgency of implementing the fiscal consolidations planned in most countries and with stepped up efforts to strengthen growth.
Download or read book Regional Economic Outlook April 2016 Sub Saharan Africa written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2016-05-03 with total page 137 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth in sub-Saharan Africa as a whole has fallen to its lowest level in 15 years, though with large variation among countries in the region. The sharp decline in commodity prices has severely strained many of the largest economies, including oil exporters Angola and Nigeria, and other commodity exporters, such as Ghana, South Africa, and Zambia. At the same time, the decline in oil prices has helped other countries continue to show robust growth, including Kenya and Senegal. A strong policy response to the terms-of-trade shocks is critical and urgent in many countries. This report also examines sub-Saharan Africa’s vulnerability to commodity price shocks, and documents the substantial progress made in financial develop, especially financial services based on mobile technologies.
Download or read book Water and Food Security in the Arabian Gulf written by The Emirates Center for Strategic Studies and Research and published by Emirates Center for Strategic Studies and Research. This book was released on 2018-10-10 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: Growing populations and economies have led to an increase in water demand around the globe. However, there are large variations in the amounts of water available to nations and regions, and growing concern surrounding the uncertainty associated with these supplies, due in large part to natural and human impacts on the water cycle. The need for alternative sources of fresh water has also been aggravated by the large influx of guest workers and significant improvements in the quality of life among Gulf populations. Therefore supplies are augmented by alternative sources—mainly desalinization, which meets most of the needs of these countries. However, this comes at a great financial cost as it is an extremely energy intensive process and has associated security risks, but many still see desalination as the only viable means of ensuring water supply in the region. Global food security also faces an uncertain future. The Gulf states suffer from a substantial food gap, and all the countries of the region are net food importers. The increase in the region’s population, rising income levels, and harsh weather conditions that prevent the increase of local food production, have resulted in a vast increase in the region’s food imports. The ECSSR 17th Annual Conference, Water and Food Security in the Arabian Gulf, held at the Center on March 26–27, 2012 in Abu Dhabi, and the resultant papers contained in this volume, provide a detailed investigation of the food and water security challenges facing the region. They explore water and food resource management strategies and policies in the Gulf states, the global geopolitics of water security, future demand trends in the Arabian Gulf region, and the particular challenges faced by the UAE in ensuring a reliable supply of food and water in the coming decades.
Download or read book IMF Economic Review written by and published by . This book was released on 2013 with total page 772 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Regional Economy of India written by Deepak Mohanty and published by . This book was released on 2012 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regional economy is of critical importance to achieve inclusive growth and to sustain growth momentum, and the essays in this collection focus on the growth and finance of various states in India. This volume, comprised of articles written by scholars at the Reserve Bank of India, stimulates further policy-oriented research and contributes to better policymaking. The book contends that the share of agriculture has shrunk across the states while the share of services has risen sharply, and that there is a need for action on agricultural growth, infrastructure development, and prioritization of expenditure toward social sectors to develop the quality of the labor force and promote well-being. Also included are a foreword by Duvvuri Subbarao and a preface by Subir Gokarn, the governor and deputy governor, respectively, of the Reserve Bank of India. Students, researchers, economists, bankers, and policymakers with special interest in India’s regional economy will find this a valuable and thought-provoking resource.
Download or read book World Economic Outlook October 2023 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2023-10-10 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: The latest World Economic Outlook reports signs that policy tightening is starting to cool activity despite core inflation proving persistent. Risks are more balanced as banking sector stress has receded, but they remain tilted to the downside. Monetary policy should stay the course to bring inflation to target, while fiscal consolidation is needed to tackle soaring debts. Structural reforms are crucial to revive medium-term growth prospects amid constrained policy space.
Download or read book Handbook of Data Center Management written by Wayne C. Bradley and published by CRC Press. This book was released on 2017-11-22 with total page 800 pages. Available in PDF, EPUB and Kindle. Book excerpt: Accounting for the rapid and often confusing changes currently underway in the information systems of organizations, such as the rush to replace mainframes with networks and the decentralization of data storage and processing, provides insights on the duties and challenges of a data center manager. Covers strategic planning, management practices, controls, systems and contingency planning, network technology, human resources, desktop computing, and future directions....
Download or read book Regional Economic Outlook October 2015 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-10-27 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: Growth in sub-Saharan Africa has weakened after more than a decade of solid growth, although this overall outlook masks considerable variation across the region. Some countries have been negatively affected by falling prices of their main commodity exports. Oil-exporting countries, including Nigeria and Angola, have been hit hard by falling revenues and the resulting fiscal adjustments, while middle-income countries such as Ghana, South Africa, and Zambia are also facing unfavorable conditions. This October 2015 report discusses the fiscal and monetary policy adjustments necessary for these countries to adapt to the new environment. Chapter 2 looks at competitiveness in the region, analyzing the substantial trade integration that accompanied the recent period of high growth, and policy actions to nurture new sources of growth. Chapter 3 looks at the implications for the region of persistently high income and gender inequality and ways to reduce them.
Download or read book Canada the Provinces and the Global Nuclear Revival written by Duane Bratt and published by McGill-Queen's Press - MQUP. This book was released on 2012-12-01 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the world struggles to meet the growing international demands for electricity, green energy, and alternatives to fossil fuels, the nuclear power sector is experiencing global growth. Nuclear reactors are being designed and constructed at record rates, and Canada is joining the trend, with several provinces considering an expansion of their nuclear presence. Canada, the Provinces, and the Global Nuclear Revival critically examines Canadian nuclear policy in order to show how historic, environmental, economic, and political factors have shaped the direction of the nation's energy industry. Duane Bratt presents a comparative study of the Canadian nuclear sector - using a framework of interest-based coalitions - in its response to the global revival, analyzing nuclear development in Ontario, New Brunswick, Saskatchewan, and Alberta. The book also answers fundamental questions such as: Has Canada seized international opportunities in uranium mining, reactor sales, and cooperation with other countries in nuclear research? To what extent has the industry been consolidated through mergers and acquisitions, foreign investment, and the privatization of crown corporations? A state-of-the-art exploration of Canada's place in the rapidly shifting world of electricity production by an acclaimed expert in the field, Canada, the Provinces, and the Global Nuclear Revival is a major contribution to the international nuclear debate.
