EU agriculture in search of a credible baseline

Tassos Haniotis via LinkedIn

Tuesday, December 5, 2023

From energy prices to food inflation, and from geostrategic tensions to coups d’état and outright wars, the wider public has been overwhelmed with bad news flooding the media coverage of commodity market upheavals. Central among them is the extent of food inflation, whose level and especially whose path is in deep contrast with anything we have seen in the past. With several studies ongoing on the various aspects of the green transition of EU’s agriculture, it is of paramount importance that their starting point is driven by baselines whose main underlying assumptions are common. This is also essential if synergies between economic and physical models are to lead to better coordinated analyses that are not based on nice graphs, where everything is linked to everything, but on estimated parameters that provide solid quantitative assessment of such links.

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