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The present study aims to investigate the dynamics of primary commodity prices and the role of speculation over time. In particular the relationship between speculation and price volatility on the one side, and the linkage between excessive speculation and price volatility on the other side, is...
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effective policy strategies. This paper reviews the literature on model comparison and presents a new approach for comparative … macroeconomic modeling. Several applications serve to illustrate the usefulness of model comparison and the new tools in the area of … comparison of monetary policy transmission across model generations and a cross-country comparison of the impact of changes in …
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