- Short-Term and Long-Term Dependencies of the S&P 500 Index and Commodity Prices

Commodities ◽  
2015 ◽  
pp. 422-437
Keyword(s):  
2021 ◽  
Vol 04 ◽  
Author(s):  
Nima Norouzi

Introduction: Oil is one of the primary commodities of all countries globally and is, in essence, the energy base of all that we know as transportation. Therefore, price fluctuations of derivatives, especially fuel and oil derivatives, are the policymakers’ main concerns because they can cause serious problems, such as inflation in commodity prices. Objective: The impact of fuel carriers’ prices on the consumer price index remains a subject of debate and research. This paper aims to develop a model to define the inflation regime in Iran and then investigate the impact of gasoline and diesel price on the total inflation rate. Method: In this study, using the central bank time series and available data on energy balance and World Bank data banks, a non-linear distributed online delay regression modeling is developed to analyze the relationship between fuel price and essential commodity inflation. Results: The results show that there is an impact of gasoline price on inflation. It does not have much effect in the long term, but diesel can somewhat influence raising prices, which can exacerbate poverty in the community that needs special attention. Conclusion: It was also found that diesel’s price is harmful to the economy because it can stimulate inflation in the long term. However, in the short term, diesel does not cause any significant inflation in the prices. While gasoline prices can have many short-term social effects, this paper suggests that the Iranian government control diesel fuel prices prevent long-term inflation in inflation and consumer price rate.


2013 ◽  
Vol 13 (4) ◽  
pp. 583-592 ◽  
Author(s):  
Michael Graham ◽  
Jarno Kiviaho ◽  
Jussi Nikkinen
Keyword(s):  

Author(s):  
Elena McLean ◽  
Muhammet Bas

Natural disasters such as cyclones, droughts, earthquakes, floods, landslides, volcanoes, or pandemics routinely have cross-border implications. Transboundary risks of natural disasters tend to be the greatest for neighboring countries but often extend regionally or even globally. Even disasters with seemingly localized impacts contained within the national borders of a given state may have indirect short-term or long-term effects on other countries through refugee flows, conflict spillovers, volatility of global commodity prices, disruption of trade relations, financial flows, or global supply chains. Natural disasters may increase the risk of interstate conflict because of commitment problems, reduced opportunity costs of conflict, shocks to status quo divisions of resources, or demarcation of territories among countries, or because of leaders’ heightened diversionary incentives in favor of conflict. In some cases, disasters may have a pacifying effect on ongoing hostilities by creating opportunities for disaster diplomacy among conflict parties. Population displacement in disaster zones can send refugee flows and other types of migration across borders, with varying short-term and long-term socioeconomic and political effects in home and host countries. Adverse effects of natural disasters on regional and global economic activity shape patterns of international trade and financial flows among countries. To mitigate such risks from natural disasters and facilitate adjustment and recovery efforts, countries may turn to international cooperation through mechanisms for disaster relief and preparedness. Regional and global governmental and non-governmental organizations (NGOs) are common means to initiate and maintain such cooperative efforts.


2000 ◽  
Vol 46 (7) ◽  
pp. 893-911 ◽  
Author(s):  
Eduardo Schwartz ◽  
James E. Smith
Keyword(s):  

2019 ◽  
Vol 52 (1) ◽  
pp. 117-134
Author(s):  
Getachew Nigatu ◽  
Michael Adjemian

Abstract:We use linear time series and wavelets approach to study the relationships between U.S. and international prices for corn, soybeans, and cotton. We then compare results obtained with each approach and verify that structural breaks discovered with wavelet analysis match those produced with subsequent partial-period cointegration analysis. We find little evidence that short-term fluctuations between domestic and international prices are stable, while long-term relationships for many price pairs experience distinct structural breaks. We further find that even though China is among the largest importers of U.S. agricultural products, its commodity prices share little or no relationship with those prevailing in U.S. markets.


Author(s):  
Astari Febriani Setiawan ◽  
Adi Hadianto

Banten Province has a fluctuation inflation. The highest inflation is contributed by food category. Therefore, the price of food commodity become an important issue in the province of Banten. This research analyze the prices of food commoditiy, such as rice, corn, curly red chili,  onion, beef, chicken meat and layer egg. The purposes of this research are, to describe the food commodity price developments in Banten using descriptive analysis, to analyze fluctuations of food commodity prices and their impact on inflation in Banten using VAR models (Vector Autoregression), to analyze the inflation linkages between regions around Banten using Granger Causality. The results show the developments of commodity prices such as rice, corn, curly red chili, onion,beef, chicken meat and layer eggs generally showed an upward trend. VAR analysis results showed that in the short term only curly red chili which have a significant impact on inflation in Banten. On the long-term there are six commodities that impact significantly on inflation in Banten, those are beef, corn, rice, chicken meat, layer egg and red chili curly. The results of Granger causality test show that there is only one way relation that is Banten inflation affecting Lampung inflation.


Author(s):  
Henning Bjornlund

Australia has aggressively pursued water markets as an integral part of water policy reforms. Compared to most other countries, relatively active water markets have therefore emerged. Consequently, Australia provides an unique opportunity to study how markets have been introduced and adopted and their role in managing demand and scarcity. This paper discusses: a) how water markets have evolved in Australia, b) prices paid and volumes traded in water markets, and c) the increase in market participation. During periods of drought, scarcity is the main driver of price and market participation. Irrigators do not buy water in order to maximize their profits due to good commodity prices. Farmers with significant investments in long-term assets purchase water to protect their assets against long-term losses due to inadequate watering. This behavior drives prices to levels where no other agricultural users can compete. The price of water entitlements fluctuates with the price of water allocations, but irrigators do not capitalize scarcity-driven short-term increases in allocation prices into the price of entitlements. Once the region is out of this period of drought further research should be conducted to establish the water price/commodity price relationship during periods of more normal supply. 


Author(s):  
Nima Norouzi

Introduction: Oil is one of the primary commodities of all countries in the world and is, in essence, the energy base of all that we know as transportation. Therefore, derivatives price fluctuations, especially those of fuel and oil derivatives, are the main concerns of the policymakers because they can cause serious problems, such as inflation in commodity prices. Objective: The impact of the price of fuel carriers on food price index remains a subject of debate and research. the aim of this paper is to develop a model to define the inflation regime in iran and then to estimate gasoline and diesel price impact in the inflation anount. Method: In this study, using the central bank time series and available data on energy balance and World Bank data banks a non-linear distributed online delay regression modeling is developed to analyze the relationship between fuel price and basic commodity inflation. Results: the results show that gasoline prices have an impact. In the long run, it doesn't have much in the way of prices, but diesel can be somewhat effective in raising prices, which can exacerbate poverty in the community that needs special attention. Conclusion: It was also found that the price of diesel is harmful to the economy because it can stimulate inflation in the long term. However, in the short term, diesel does not cause any significant inflation in the prices. While the price of gasoline can have many short term social effects, therefore, the Iranian government must control the price of diesel fuel to prevent long-term food price inflation.


2021 ◽  
Vol 24 (1) ◽  
pp. 33
Author(s):  
Dwi Rahmayani ◽  
Shanty Oktavilia

This study aimed to analyze the existence and effect of the Covid-19 pandemic on the stock market over the long-term and short-term in Indonesia. The study followed Krugman’s (1979) approach stating the pandemic crisis problems have the potential to decrease the performance of the international balance of payments which will ultimately lead to uncertainty in the market. The research method was the Error Correction Model (ECM) with stock markets as an endogenous variable; and exchange rate, inflation, interest rate, foreign stock markets, commodity price, and pandemic as exogenous variables. The pandemic indicator was measured by total accumulative cases of Covid-19 per day in Indonesia. Using ECM, the result showed that foreign interest rates and commodity prices positively affect the stock markets. Conversely, the exchange rate has a negative effect on the stock markets. However, the estimation fails to reflect the significant impact of the Covid-19 pandemic in the short-term, but it has a negative effect on stock markets in the long-term. This result implies that the higher total accumulative cases of Covid-19 has been the source of Indonesia’s stock market weakness in the long-term. To the best of the author’s knowledge, this study is the first to examine Indonesia’s stock market’s pandemic impact between the short term and long term.


2016 ◽  
Vol 39 ◽  
Author(s):  
Mary C. Potter

AbstractRapid serial visual presentation (RSVP) of words or pictured scenes provides evidence for a large-capacity conceptual short-term memory (CSTM) that momentarily provides rich associated material from long-term memory, permitting rapid chunking (Potter 1993; 2009; 2012). In perception of scenes as well as language comprehension, we make use of knowledge that briefly exceeds the supposed limits of working memory.


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