Title: Trends, Fluctuations, and Determinants of Commodity Prices
Abstract: A threefold analysis of commodity prices is carried out to observe their long-run behaviour, their short-run properties and the main determinants. According to the evidence, the Prebisch-Singer hypothesis does not seem to be a property of most prices. The cycles of commodity prices are asymmetric but contrary to the case of economic activity, the longer phase corresponds to slumps. Interest rates seem to maintain a negative relationship with commodity prices.
Publication Year: 2008
Publication Date: 2008-06-30
Language: en
Type: preprint
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot