Estimating the Pass-Through of Agricultural Policy Reforms: An Application to Brazilian Commodity Markets
The ultimate impact of multilateral and own-country agricultural policy reforms will depend on the extent to which those reforms “pass-through” across national borders, within countries, and from local markets down to the household level. At the heart of policy pass-through is the question of “price transmission”, i.e. the extent to which price changes in one market lead to price changes in another market...
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