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We test the microstructure invariance proposed by Kyle and Obizhaeva (2016) in the grain markets. Using the CME’s intraday best-bid-offer data from 2008 to 2015, we fin [...]
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2019 |
Conference Paper/ Presentation |
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2.
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The 2004 American Jobs Creation Act created Section 199, a tax provision for producers of domestic goods. During the ensuing decade, Section 199 became especially importa [...]
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2019 |
Conference Paper/ Presentation |
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3.
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Ambiguity, defined as the uncertainty in probability distribution of asset prices resulting from misinterpretation of lack of information, is a current feature of financi [...]
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2019 |
Conference Paper/ Presentation |
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4.
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On the one hand, recent advances in satellite imagery and remote sensing allow one to easily follow in near-real time the crop conditions all around the world. On the oth [...]
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2019 |
Conference Paper/ Presentation |
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5.
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This report describes a re-estimation of the Economic Research Service (ERS) domestic livestock baseline model. The model consists of production, demand, and price transm [...]
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2019 |
Conference Paper/ Presentation |
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6.
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A long-standing puzzle in commodity markets is the low explanatory power of supply and demand fundamentals for explaining the variability of prices in these markets. We a [...]
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2019 |
Conference Paper/ Presentation |
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7.
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This paper estimates price elasticities in the U.S. beef cattle industry by using the data for the time period during December 1999 and June 2018. In addition to the adap [...]
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2019 |
Conference Paper/ Presentation |
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8.
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Electronic trading in modern commodity markets has extended trading hours, lowered barriers to listing new contracts, broadened participation internationally, and encoura [...]
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2019 |
Conference Paper/ Presentation |
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9.
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This study evaluates the accuracy of net cash income (NCI) forecasts and its components in order to track down the main sources of errors in NCI forecasts over 1986-2017. [...]
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2019 |
Conference Paper/ Presentation |
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10.
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Over the last two decades, the Black Sea region developed to be a key global exporting region for corn and wheat. However, many market participants grapple with insuffici [...]
English |
2019 |
Conference Paper/ Presentation |
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