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Persistent link: https://www.econbiz.de/10014534233
Fluctuations of commodity prices, most notably of oil, capture considerable attention and have been tied to important economic effects, such as inflation and low rates of economic growth. Commodity Prices and Markets advances our understanding of the consequences of these fluctuations, providing...
Persistent link: https://www.econbiz.de/10014482618
We study good-by-good deviations from the Law-of-One-Price (LOP) for over 1,800 retail goods and services between all European Union (EU) countries for the years 1975, 1980, 1985, and 1990. We find that for each of these years, after we control for differences in income and value-added tax (VAT)...
Persistent link: https://www.econbiz.de/10014050072
This paper investigates the character of business cycles across large and small economies. Empirically, G-7 countries have less volatile investment, consumption and trade balance ratios; higher correlations between domestic saving and investment rates; and about the same correlation of the trade...
Persistent link: https://www.econbiz.de/10014095510
Economic research into the causes of business cycles in small open economies is almost always undertaken using a partial equilibrium model. This approach is characterized by two key assumptions. The first is that the world interest rate is unaffected by economic developments in the small open...
Persistent link: https://www.econbiz.de/10013031540
We study the role of distance and time in statistically explaining price dispersion for 14 commodities from 1732 to 1860. The prices are reported for US cities and Swedish market towns, so we can compare international and intranational dispersion. Distance and commodity-specific fixed effects...
Persistent link: https://www.econbiz.de/10013033353
On combining national terms-of-trade data for developing countries with world prices of internationally traded primary commodities, it is found that variation in the world prices of three or fewer key exported commodities account for 50% or more of the annual variation in the terms of trade of a...
Persistent link: https://www.econbiz.de/10014072154
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