Title: An Analysis on the Fluctuations of International Food Prices:ARCH Approach
Abstract: The paper applies ARCH models to analyzing the fluctuations of international food prices.Our empirical findings point to four conclusions.First,fluctuations of international food prices are characterized by clustering.Second,the external shocks have a lasting impact on food price fluctuations.Third,in the international food market,high risk will not necessarily lead to high food prices.Fourth,fluctuations of international food prices are asymmetric and fluctuations caused by information associated with rising prices are greater than those caused by information associated with falling prices.
Publication Year: 2012
Publication Date: 2012-01-01
Language: en
Type: article
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