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Primary commodities still account for the bulk of exports in many developing countries. However, real commodity prices have been declining almost continuously since the early 1980s and there is evidence of renewed weakness. The appropriate policy response to a terms of trade shock depends...
Persistent link: https://www.econbiz.de/10014396445
and losses of income associated with changes in world prices-as well as additional country-specific series, including …
Persistent link: https://www.econbiz.de/10012001593
The paper uses an event study methodology to investigate which and how macroeconomic announcements affect commodity prices. Results show that gold is unique among commodities, with prices reacting to specific scheduled announcements in the United States and the Euro area (such as indicators of...
Persistent link: https://www.econbiz.de/10014402640
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
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 …
Persistent link: https://www.econbiz.de/10014396561
Commodity-exporting countries have significantly benefited from the commodity price boom of recent years. At the current juncture, however, uncertain global economic prospects have raised questions about their vulnerability to a sharp fall in commodity prices and the policies that can shield it...
Persistent link: https://www.econbiz.de/10014397093
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 …
Persistent link: https://www.econbiz.de/10014398636
commodity exports move together over time. Using IMF data on the world prices of 44 commodities and national commodity export …
Persistent link: https://www.econbiz.de/10014399722
Persistent link: https://www.econbiz.de/10009615208
severe terms of trade shock associated with a sharp fall in world commodity prices have raised anew questions about the …
Persistent link: https://www.econbiz.de/10012604807