9  Woodford, M., 2001, “Monetary policy in the information economy”, Paper presented at the Federal Reserve Bank of Kansas City Economic Symposium at Jackson Hole (30 August–1 September).
Similar conditions are being faced by the soya bean crop in the US, and much of the damage to the crops has already been done. This outcome, and its severity, was quite unexpected, which illustrates our vulnerability to global weather shocks.