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Real Exchange Rates and Commodity Prices in Neoclassical Model

International Monetary Fund - 1988

and world commodity supplies and the real exchange rate and real commodity prices. It is shown that fiscal expansion and … increasing world commodity supplies simultaneously lead to an appreciation of the real exchange rate and a decline in relative …

Persistent link: https://www.econbiz.de/10014396210

The Taxation of Petroleum and Minerals : Principles, Problems and Practice

International Monetary Fund - 2010

There are few areas of economic policy-making in which the returns to good decisions are so high-and the punishment of bad decisions so cruel-as in the management of natural resource wealth. Rich endowments of oil, gas and minerals have set some countries on courses of sustained and robust...

Persistent link: https://www.econbiz.de/10014397213

Commodity Price Volatility and the Sources of Growth

International Monetary Fund - 2012

This paper studies the impact of the level and volatility of the commodity terms of trade on economic growth, as well … of trade growth enhances real output per capita, volatility exerts a negative impact on economic growth operating mainly … trade volatility offset the positive impact of commodity booms; and export diversification of primary commodity abundant …

Persistent link: https://www.econbiz.de/10014396933

Commodity Prices As a Leading Indicator of Inflation

International Monetary Fund - 1988

Commodity prices may be a leading indicator of inflation, because of the relative importance of flexible auction markets for the determination of these prices. Empirical tests using data for the large industrial countries as a group suggest that changes in commodity prices tend to lead those in...

Persistent link: https://www.econbiz.de/10014396014

Efficiency in Commodity Futures Markets

International Monetary Fund - 1989

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...

Persistent link: https://www.econbiz.de/10014395958

World Economic and Financial Surveys : Primary Commodities

International Monetary Fund - 1989

This paper provides an analysis of the market developments in 1988 with respect to primary commodities and the outlook for these commodities in the near and medium term. Attention is focused on the major nonfuel primary commodities traded in international markets. Movements in the overall price...

Persistent link: https://www.econbiz.de/10014396514

Commodity Markets and the International Transmission of Fiscal Shocks

International Monetary Fund - 1988

Persistent link: https://www.econbiz.de/10014395951

World Economic and Financial Surveys : Primary Commodities

International Monetary Fund - 1988

to import and buoying world trade …

Persistent link: https://www.econbiz.de/10014397829

Commodity Terms of Trade : The History of Booms and Busts

International Monetary Fund - 2009

We compile a historical dataset covering nearly 40 years of booms and busts in the commodity terms of trade of over 150 countries. We discuss the characteristics of these events and their effects on macroeconomic performance and, in particular, compare the most recent commodity-price cycle with...

Persistent link: https://www.econbiz.de/10014402376

Macroeconomic and Sectoral Effects of Terms-Of-Trade Shocks : The Experience of the Oil-Exporting Developing Countries

International Monetary Fund - 1999

This paper investigates the impact of long-run terms-of-trade shocks. Analytically, we show that, if capital goods are largely importable or the labor supply is sufficiently elastic, then natural-resource booms increase aggregate investment and worsen the current account, but Dutch ‘Disease’...

Persistent link: https://www.econbiz.de/10014400547

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