5. Bubble Troubles? Rational Storage, Mean Reversion, and Runs in Commodity Prices

Chapters in this book

1. Frontmatter i
2. Contents vii
3. Preface ix
4. Introduction 1
5. 1. Influences of Agricultural Technology on the Size and Importance of Food Price Variability 13
6. 2. Corn Production Shocks in 2012 and Beyond: Implications for Harvest Volatility 59
7. 3. Biofuels, Binding Constraints, and Agricultural Commodity Price Volatility 91
8. 4. The Evolving Relationships between Agricultural and Energy Commodity Prices: A Shifting- Mean Vector Autoregressive Analysis 135
9. 5. Bubble Troubles? Rational Storage, Mean Reversion, and Runs in Commodity Prices 193
10. 6. Bubbles, Food Prices, and Speculation: Evidence from the CFTC’s Daily Large Trader Data Files 211
11. 7. Food Price Volatility and Domestic Stabilization Policies in Developing Countries 261
12. 8. Food Price Spikes, Price Insulation, and Poverty 311
13. 9. Trade Insulation as Social Protection 345
14. Contributors 371
15. Author Index 375
16. Subject Index 381