This podcast discusses the findings on our recently published paper at the Energy Journal, titled “Oil price volatility is effective in predicting food price volatility. Or is it?” (Vol. 42, No. 6). The relationship between the food and energy markets is well documented in the literature. Despite these findings, we show that oil price volatility cannot systematically improve forecasts for agricultural price volatility. We offer an array of plausible reasons for such findings.
About George Filis
Dr. George Filis is Assistant Professor of International Economics at the Department of Economics, at the University of Patras. He holds a PhD in Finance from Bournemouth University, UK. His research interests revolve mainly around the Energy Finance and Economics, Energy Forecasting and the Economics of the Financial Markets. His research has received funding from Horizon 2020 research and innovation programme of the European Commission. He has also served as a consultant for the US Energy Information Administration and the Bank of Greece on issues related to the oil market. His research has been published in the Energy Journal, Energy Economics, Economics Letters, Journal of International Money and Finance, International Journal of Forecasting and Journal of Empirical Finance, among others.