Arezki, Rabah; Hadri, Kaddour; Loungani, Prakash; Rao, Yao - In: Journal of International Money and Finance 42 (2014) C, pp. 208-223
In this paper, we re-examine two important aspects of the dynamics of relative primary commodity prices, namely the … that relative commodity prices follow a downward secular trend, are mixed but with a majority of series showing negative … the dynamics of the volatility of the 25 relative primary commodity prices also allowing for endogenous multiple breaks …