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Interpreting Grain Price Volatility
March 11, 2011Washington, DC

Professor Brian Wright is Professor and Chair of the Department of Agricultural and Resource Economics at the University of California, Berkeley. His research interests include economics of markets for storable commodities, market stabilization, agricultural policy, industrial organization, public finance, invention incentives, intellectual property rights, the economics of research and development, and the economics of conservation and innovation of genetic resources. He has co-authored or co-edited several books, including Storage and Commodity Markets; Reforming Agricultural Commodity Policy; Saving Seeds: The Economics of Conserving Genetic Resources at the CGIAR Centers, and Accessing Biodiversity and Sharing the Benefits: Lessons from Implementing the Convention on Biodiversity and published extensively in the leading journals in Economics and Agricultural Economics.

The recent volatility of prices of major grains has generated a wide array of economic interpretations and policy prescriptions. In this lecture, Professor Wright will review some of these interpretations and the associated empirical evidence.

The Development Economics Vice Presidency (DEC) launched its lecture series in April 2005 to bring distinguished academics to the Bank to present and discuss new knowledge on development. The purpose of the Lecture Series is to introduce ideas on cutting edge research, challenge and contribute to the Bank's intellectual climate, and reexamine current development theories and practices. The Lectures revisit issues of long-standing concern and explore emerging issues that promise to be central to future development discourse. The Lecture Series reflects DEC’s commitment to intellectual leadership and openness in embracing future challenges to reduce poverty.

The DEC Lecture Series is chaired by Kaushik Basu, Senior Vice President and Chief Economist, and includes a presentation and floor discussion.

Lecture Details
  • Date: March 11, 2011
  • Time: 12:30 PM – 2:00 PM
  • Venue: MC2-800