Modelling the underlying long-run trend of metal prices is important, given that selected metals are a source of income … trend, which could be secular or broken, for selected metal prices over a century. We find support for the conjecture that …

metal price series is investigated, as well as time-varying volatility. The results demonstrate that allowing for jumps and … complex processes contributed to the fatness of the tails in the distribution of heavy metal price returns. … prices. As with many natural resources price series, the arrival of new information can lead to unexpectedly rapid changes …

months due to the number confinements put in place around the world. Since the worst days of the pandemic caused by COVID-19 … upward trend, increasing some 56.67% to the price from before the start of the COVID-19 pandemic episode. …

correction models are used to study the relationship between oil prices and prices of copper and maize. The commodity price data …

commodities, and industrial input price shocks. We show that commodities are not all alike. Industrial input price changes are … almost entirely endogenous responses to other shocks. Exogenous oil and food price shocks are relevant drivers of global real … and financial cycles, with food price shocks exerting the greatest influence. We then conduct counterfactual estimations …

This paper investigates a perception in the political debates as to what extent poor countries are affected by price …

studies, we analyze temporary and permanent futures price innovations in a cointegrated system of pairwise short- and long … in inventories. Our findings can be summarized as follows: first, where cointegration is observed, the permanent shocks … transitory price shocks. Under the assumption that speculation occurs mainly in short-dated contracts, the finding is …

This study investigates the effects of oil price shocks on volatility of selected agricultural and metal commodities …. To achieve this goal, we decompose an oil price shock to its underlying components, including macroeconomics and oil … functions, the response of volatility of each commodity to an oil price shock differs significantly depending on the underlying …

Commodity price volatility can create concern for central bank policy-makers. Recent commodity prices peaked in the … connected in a cause and effect relationship with inflation and real output, the driving forces behind commodity price … series to identify volatility spillovers between monetary policies and commodity price index. The findings show that the …