Trends, Fluctuations, and Determinants of Commodity Prices

Serie

  • Borradores de economía

Resumen

  • A threefold analysis of commodity prices is carried out to observe their long-run behavior, their short-run properties and the main determinants. According to the evidence, the Prebisch-Singer hypothesis does not seem to be a property of most prices. The cycles of commodity prices are asymmetric but contrary to the case of economic activity, the longer phase corresponds to slumps. Interest rates seem to maintain a negative relationship with commodity prices.

fecha de publicación

  • 2008-07

Líneas de investigación

  • Commodity Prices
  • Prebisch-Singer Hypothesis
  • Real Interest Rates
  • Short-Run Behavior

Identificador de objeto digital (DOI)

  • https://doi.org/10.32468/be.521

Issue

  • 521