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empirically analyze the behaviour of commodity prices and their volatility as predicted by the theory of storage. We examine two … is associated with forward curves in backwardation (contango), as the theory of storage predicts. Second, we show that … price volatility is a decreasing function of inventory for the majority of commodities in our sample. This effect is more …
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The report offers both a new and comparative methodology for measuring backlogs and pendency, as well as empirical findings on the relationship between application stocks and examination pendency in the UK and the US. Understanding these relationships is critical for better evidence based policy...
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