Analisi fondamentale di mercato con aspettative razionali: un modello per il mercato delle materie prime

The traditional method to describe commodity markets with rational expectations is to link commodity prices with market shocks both on the supply and demand side. This study extends the traditional approach by specifying both the price and stock paths in terms of short and long run demand excesses which describe the market fundamentals. The results obtained from the analysis of the US corn market are statistically robust and economically coherent.

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Year of publication:	2004
Authors:	Perali, Federico ; Pieroni, Luca
Published in:	Rivista di Politica Economica. - SIPI Spa, ISSN 0035-6468. - Vol. 94.2004, 2, p. 187-224
Publisher:	SIPI Spa

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Type of publication:	Article
Classification:	L11 - Production, Pricing, and Market Structure Size; Size Distribution of Firms ; D84 - Expectations; Speculations ; C32 - Time-Series Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008533441