commodities. non- agricultural markets are not modelled and are treated exogenously to the model. as non- agricultural markets are exogenous, hypotheses concerning the paths of key macroeconomic variables are predetermined with no accounting of feedback from developments in agricultural markets to the...
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prices fall in real terms 0 3000 4000 5000 6000 7000 0 200 400 19 0 0 19 0 6 19 12 19 18 19 24 19 30 19 36 19 4 2 19 4 8 19 54 19 6 0 19 6 6 19 72 19 78 19 8 4 19 9 0 19 9 6 20 0 2 20 0 8 20 14 20 20 u s d /t o n n e u s d /t o n n e wheat rice maize veg oil 7 is the decline over?...
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