INCORPORATING COMMODITY STOCKHOLDING BEHAVIOR INTO A SHORT-RUN GENERAL EQUILIBRIUM MODEL OF THE GLOBAL ECONOMY

This paper incorporates commodity stockholding into a short run, stochastic global general equilibrium model. A mix of econometric and calibration techniques are used to reconcile model outcomes with historical stockholding and price behavior. The resulting framework is useful for analyzing policies in the short run or presence of production variability.


Subject(s):
Issue Date:
2003
Publication Type:
Conference Paper/ Presentation
Record Identifier:
http://ageconsearch.umn.edu/record/22110
PURL Identifier:
http://purl.umn.edu/22110
Total Pages:
24
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2018-01-22

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