Commodity Price Volatility in the Biofuel Era: An Examination of the Linkage Between Energy and Agricultural Markets

Thomas W. Hertel, Jayson Beckman

NBER Working Paper No. 16824
Issued in February 2011

---- Acknowledgments ----

The authors thank Wally Tyner for valuable discussions on this topic. V. Kerry Smith served as our NBER discussant; he and members of the NBER workshop, as well as two anonymous reviewers, provided useful comments on this paper. The views expressed are the authors' and do not necessarily reflect those of the Economic Research Service, the USDA, or the National Bureau of Economic Research.

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