Mean-reversion and structural change in European food prices

Mean-reversion in unprocessed food prices and beef prices towards the long-run trend is examined for twenty-two European countries, using linear and nonlinear unit root tests. As the argument goes, food prices might display short-term deviations from their long-run values due to disturbances such as...

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Bibliographic Details
Main Author: Kurmaş Akdoğan
Format: Article
Language:English
Published: Elsevier 2018-12-01
Series:Central Bank Review
Online Access:http://www.sciencedirect.com/science/article/pii/S1303070118301045

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