and losses of income associated with changes in world prices-as well as additional country-specific series, including …

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 …

effect on commodity prices. China’s impact on world commodity markets is rising but, perhaps surprisingly, remains smaller … be more persistent and have larger effects on the rest of the world …

multi-country model, with world market clearing, which incorporates speculative and non-speculative demands for inventories … matters, and that supply and demand elasticities are important in determining the commodity price in world markets above and … beyond the size of the share of those commodities in world trade …

severe terms of trade shock associated with a sharp fall in world commodity prices have raised anew questions about the …

“world” demand that extends beyond the industrial countries and includes output developments in Eastern Europe and the former …