A model of medieval grain prices: comment

Taub, B. (1987) A model of medieval grain prices: comment. American Economic Review, 77(5), pp. 1048-1053.

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Publisher's URL: http://www.jstor.org/stable/1810231


A dynamic model of grain storage supports and elaborates the McCloskey/Nash empirical findings about grain price movements and interest rates. In particular, their finding of a negative time derivative of the growth rate of grain prices is explained, and a means of econometrically distinguishing the interest rate from storage rents is stated.

Item Type:Articles
Glasgow Author(s) Enlighten ID:Taub, Professor Bart
Authors: Taub, B.
College/School:College of Social Sciences > Adam Smith Business School > Economics
Journal Name:American Economic Review

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