growth rate and volatility of commodity spot prices. This view gained credence because in the 2000s trading volume increased …

growth rate and volatility of commodity spot prices. This view gained credence because in the 2000s trading volume increased …

an increase in the level and volatility of spot prices. We construct a large panel data set which includes commodities …

fluctuations in real commodity prices. Increased exchange rate volatility calls for a better understanding of these relations. To … multi-country model, with world market clearing, which incorporates speculative and non-speculative demands for inventories … matters, and that supply and demand elasticities are important in determining the commodity price in world markets above and …

countries gain more from trade? Do world trade booms over the past two centuries help account for the widening gap between rich …, and the answer is yes to all three. World trade booms have always been associated with commodity price booms and thus with …