fossil fuels (e.g. starting with coal in the UK in the 17th century, and continuing in the rest of the world with coal and … to the phase of the transition in which revolutions have occurred, and the impact this shock had on the further course of … economies in the early 1970s, in association with the first and second oil price shocks. In practically all mature industrial …

In this paper we examine linkages across non-energy commodity price developments by means of a factor-augmented VAR … model (FAVAR). From a set of non-energy commodity price series, we extract two factors, which we identify as common trends … trends captured by the food and metals factors. - Oil price ; Commodity prices ; Exchange rates ; Globalisation ; FAVAR …

In this paper we examine linkages across non-energy commodity price developments by means of a factor-augmented VAR … model (FAVAR). From a set of non-energy commodity price series, we extract two factors, which we identify as common trends …