The skyrocketing prices of oil and food are matters of great concerns for consumers, producers, national and international bodies. This book adresses this aspect in five independent but related essays. The first two essays model the extent of volatility of oil and food price shocks. Third essay examines the cross country mean and volatility spillover effects of food prices while the fourth essay investigates the spillover effects of oil prices on the food prices of selected Asia and Pacific countries. Finally, the fifth essay assesses the economic impacts of oil and food prices in the context...