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National Bureau of Economic Research

 

The Economics of Food Price Volatility Conference**

 

Jean-Paul Chavas, David Hummels, Brian Wright, organizers

 

Hotel Monaco, Seattle Washington

 

August 15 and 16, 2012

 

Wednesday August 15, 2012

 

 

7:45-8:30

Continental Breakfast

 

 

8:30-9:30

What Do We Really Know about Food Security?

 

Josef Schmidhuber and Carlo Cafiero, FAO

 

 

 

Discussant: Ethan Ligon, University of California, Berkeley

 

 

9:30-10:30

Food Price Volatility and Domestic Stabilization Policies in Developing Countries

 

Christophe Gouel, The World Bank

 

 

 

Discussant: Shenggen Fan, IFPRI

 

 

10:30-11:00

Break

 

 

11:00-12:00

Coping with Food Price Volatility: Trade Insulation as Social Protection

 

Quy-Toan Do and Martin Ravallion, The World Bank

 

Andrei A. Levchenko, University of Michigan and NBER

 

 

 

Discussant: Ron Trostle, USDA Economic Research Service

 

 

12:00-1:30

Lunch

 

 

1:30 -2:30

Food Price Spikes, Price Insulation and Poverty

 

Kym Anderson, University of Adelaide

 

Maros Ivanic, and Will Martin, The World Bank

 

 

 

Discussant: Marc Bellemare, Duke University

 

 

2:30 -3:30

Identifying Agricultural Demand and Supply Elasticities: Implications For Food Price Volatility

 

Steven Berry, Yale University and NBER
Michael Roberts, North Carolina State University;

 

Wolfram Schlenker, Columbia University and NBER

 

 

 

Discussant: Derek Headey, IFPRI

 

 

3:30-4:00

Break

 

 

4:00-5:00

Influences of Agricultural Technology on the Size and Importance

of Food Price Variability

 

Julian M. Alston, University of California, Davis

 

William  J. Martin, The World Bank

 

Philip G. Pardey, University of Minnesota

 

 

 

Discussant: James MacDonald, USDA Economic Research Service

 

 

6:30

Reception and Dinner

 

Thursday August 16, 2012

 

 

7:45-8:30

Continental Breakfast

 

 

8:30-9:30

Bubble Trouble? Rational Storage, Mean Reversion and Runs in Commodity Prices

 

Eugenio Bobenrieth, Pontificia Universidad Católica de Chile and

 

Juan R.A. Bobenrieth, Universidad del Bío-Bío

 

Brian Wright, University of California, Berkeley.

 

 

 

Discussant: Jock Anderson, The World Bank

 

 

9:30-10:30

Bubbles, Food Prices, and Speculation: Evidence from the CFTC’s Daily
Large Trader Data Files

 

Scott H. Irwin and Philip Garcia, University of Illinois

 

Nicole M. Aulerich, Cornerstone Research

 

 

Discussant: Aaron Smith, University of California, Davis

 

 

10:30-11:00

Break

 

 

11:00-12:00

The Evolving Relationships Between Agricultural and Energy Commodity Prices: A Shifting-Mean Vector Autoregressive Analysis

 

Walter Enders and Matthew T. Holt, University of Alabama

 

 

 

Discussant: Barry Goodwin, North Carolina State University

 

 

12:00-1:00

Biofuels, Binding Constraints and Agricultural Commodity Price Volatility

 

Philip Abbott, Purdue University

 

 

 

Discussant: Brian Wright, University of California, Berkeley

 

 

1:00-2:30

Lunch and Round Table Discussion: 

 

The Economics of Food Price Volatility:  Future Issues and Research

 

 

2:30

Adjourn.

 

 

 

**  This conference was jointly organized under the auspices of the National Bureau of Economic Research and the Agricultural and Applied Economics Association, and supported by a grant from the Economic Research Service of the US Department of Agriculture, ERS-USDA.