Linkages between natural gas, fertiliser and cereal prices: A note
使用结构向量自回归模型分析天然气和化肥价格冲击对玉米、水稻和小麦价格的影响，发现冲击效应较小、瞬时且短暂，表明短期应对食品价格波动的措施可能足够。
Abstract We use structural vector autoregressions to analyse the dynamic effects of shocks to natural gas and nitrogenous fertiliser prices on three major cereal crops: maize, rice and wheat. We find that the response of cereal prices to natural gas and fertiliser price shocks has been relatively small, instantaneous and transitory. These findings suggest that crop prices may change rapidly in response to energy and fertiliser prices, even when there are no shifts in the underlying fundamentals in crop markets. Furthermore, because the effects of the shocks dissipate rather quickly, short‐term measures to address swings in food prices may suffice.