Jacks, David S. - Research School of Economics, College of Business and … - 2013
This paper considers the evidence on real commodity prices over 160 years for 30 commodities representing 7.89 trillion … USD worth of production in 2011. In so doing, it suggests and documents a complete typology of real commodity prices … follows: real commodity prices of both energy and non-energy commodities have been on the rise from 1950 across all weighting …