Commodity And Manufactures Prices In The Long Run

Download Commodity And Manufactures Prices In The Long Run full books in PDF, epub, and Kindle. Read online Commodity And Manufactures Prices In The Long Run ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!

Commodity and Manufactures Prices in the Long Run

Author : Mr.James M. Boughton
Publisher : International Monetary Fund
ISBN 13 : 1451972857
Total Pages : 40 pages
Book Rating : 4.4/5 (519 download)

DOWNLOAD NOW!

Book Synopsis Commodity and Manufactures Prices in the Long Run by : Mr.James M. Boughton

Download or read book Commodity and Manufactures Prices in the Long Run written by Mr.James M. Boughton and published by International Monetary Fund. This book was released on 1991-05-01 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The low level of primary commodity prices since 1985 is examined in the context of the behavior of those prices relative to prices of manufactured goods since 1854. The Prebisch-Singer hypothesis of a secular decline in relative commodity prices is sustained, but the recent decline is shown to be well outside the realm of historical experience. Commodity and manufactures prices are found to be cointegrated, conditional on the negative trend and a number of unexplained short-term swings. The earlier finding of a Gibson paradox is explained in terms of the difference between short- and long-run relationships.

Commodity and Manufactures Prices in the Long Run

Author : James M. Boughton
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (129 download)

DOWNLOAD NOW!

Book Synopsis Commodity and Manufactures Prices in the Long Run by : James M. Boughton

Download or read book Commodity and Manufactures Prices in the Long Run written by James M. Boughton and published by . This book was released on 2006 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The low level of primary commodity prices since 1985 is examined in the context of the behavior of those prices relative to prices of manufactured goods since 1854. The Prebisch-Singer hypothesis of a secular decline in relative commodity prices is sustained, but the recent decline is shown to be well outside the realm of historical experience. Commodity and manufactures prices are found to be cointegrated, conditional on the negative trend and a number of unexplained short-term swings. The earlier finding of a Gibson paradox is explained in terms of the difference between short- and long-run relationships.

The Long-term Behavior of Commodity Prices

Author : Pier Giorgio Ardeni
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4./5 ( download)

DOWNLOAD NOW!

Book Synopsis The Long-term Behavior of Commodity Prices by : Pier Giorgio Ardeni

Download or read book The Long-term Behavior of Commodity Prices written by Pier Giorgio Ardeni and published by World Bank Publications. This book was released on 1990 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Commodity Prices and Markets

Author : Takatoshi Ito
Publisher : University of Chicago Press
ISBN 13 : 0226386899
Total Pages : 346 pages
Book Rating : 4.2/5 (263 download)

DOWNLOAD NOW!

Book Synopsis Commodity Prices and Markets by : Takatoshi Ito

Download or read book Commodity Prices and Markets written by Takatoshi Ito and published by University of Chicago Press. This book was released on 2011-03 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fluctuations of commodity prices, most notably of oil, capture considerable attention and have been tied to important economic effects. This book advances our understanding of the consequences of these fluctuations, providing both general analysis and a particular focus on the countries of the Pacific Rim.

Commodities

Author : M. A. H. Dempster
Publisher : CRC Press
ISBN 13 : 1498712339
Total Pages : 703 pages
Book Rating : 4.4/5 (987 download)

DOWNLOAD NOW!

Book Synopsis Commodities by : M. A. H. Dempster

Download or read book Commodities written by M. A. H. Dempster and published by CRC Press. This book was released on 2015-11-05 with total page 703 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since a major source of income for many countries comes from exporting commodities, price discovery and information transmission between commodity futures markets are key issues for continued economic development. This book covers the fundamental theory of and derivatives pricing for major commodity markets as well as the interaction between commodity prices, the real economy, and other financial markets. After an extensive theoretical and practical introduction, the book is divided into four parts: Oil Products – considers the structural changes in the demand and supply for hedging services that are increasingly determining the price of oil Other Commodities – examines markets related to agricultural commodities, including natural gas, wine, soybeans, corn, gold, silver, copper, and other metals Commodity Prices and Financial Markets – investigates the contemporary aspects of the financialization of commodities, including stocks, bonds, futures, currency markets, index products, and exchange traded funds Electricity Markets – supplies an overview of the current and future modelling of electricity markets With contributions from well-known academics and practitioners, this volume includes coverage of the fundamental theory of futures/forwards and derivatives pricing for major commodity markets. The contributions to Sections I and II of this volume, which treat storable or agricultural commodities, take speculation into account through a consideration of markets over time being either in backwardation or contango. Up-to-date considerations of both trading and investment are included in Sections I, II, and III. The book also reviews the effects of urbanization and the expanding middle-class population on commodities.

The Volatility of the Relative Price of Commodities In Terms of Manufactures Across Exchange Regimes

Author : Ms.Hong Liang
Publisher : International Monetary Fund
ISBN 13 : 1451980639
Total Pages : 22 pages
Book Rating : 4.4/5 (519 download)

DOWNLOAD NOW!

Book Synopsis The Volatility of the Relative Price of Commodities In Terms of Manufactures Across Exchange Regimes by : Ms.Hong Liang

Download or read book The Volatility of the Relative Price of Commodities In Terms of Manufactures Across Exchange Regimes written by Ms.Hong Liang and published by International Monetary Fund. This book was released on 1998-12-01 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the relationship between the nominal exchange rate regime and the volatility of relative commodity prices. The analysis shows that the relationship depends upon both the market structure and the economic agent’s perception about future exchange rate movements. When the markets for manufactured goods are less competitive than the markets for primary commodities, the volatility of relative commodity prices rises when exchange rate uncertainty increases. If demand for manufactured goods is intertemporally dependent, even a small increase in exchange rate uncertainty can result in potentially large costs in terms of increased relative commodity price instability.

Excerpt: Shifting Commodity Markets in a Globalized World

Author : Mr.Rabah Arezki
Publisher : International Monetary Fund
ISBN 13 : 1484320816
Total Pages : 25 pages
Book Rating : 4.4/5 (843 download)

DOWNLOAD NOW!

Book Synopsis Excerpt: Shifting Commodity Markets in a Globalized World by : Mr.Rabah Arezki

Download or read book Excerpt: Shifting Commodity Markets in a Globalized World written by Mr.Rabah Arezki and published by International Monetary Fund. This book was released on 2017-09-22 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses developments and prospects for energy, metals, and food markets since the early 2000s, the start of what is termed a commodities supercycle—the rise of commodity prices over a decade or more as a result of a rapid urbanization and an expansion of infrastructure. Macroeconomists often assume that technological innovation is exogenous (driven largely by external factors or forces), but this volume documents how innovation in energy markets is directly affected by prices. When oil, natural gas, or fossil fuels become scarce, prices increase. This stimulates innovation and the adoption of new technologies and techniques for recovery and use of these resources. Conversely, when these commodities are abundant, prices fall, slowing the pace of innovation and the adoption of new techniques. At the heart of international trade in commodities are cross-country differenc¬es in resource endowments. Natural resources are materials or substances that occur in nature and can be used for economic gain, and so these include not only reserves of hydrocarbons, minerals, fisheries, and forests, but also temperate weather, fertile land, and access to water, which are important to agriculture.

The Impact of China on Global Commodity Prices

Author : Masuma Farooki
Publisher : Routledge
ISBN 13 : 1136581960
Total Pages : 260 pages
Book Rating : 4.1/5 (365 download)

DOWNLOAD NOW!

Book Synopsis The Impact of China on Global Commodity Prices by : Masuma Farooki

Download or read book The Impact of China on Global Commodity Prices written by Masuma Farooki and published by Routledge. This book was released on 2013-06-17 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on a large number of diverse sources, How China Disrupted Global Commodities comprehensively and systematically evidences the trends in the prices of different sets of commodities, analyses the drivers of China’s demand for commodities the factors constraining global supply and in the role which the financialisation of commodities is playing in constraining commodity production. It also documents and the growing role of China as a foreign investor in the commodities sectors. All of these trends are woven together to explore the fabric of strategic choices confronting public and private sector decision-makers.

Commodity Price Dynamics

Author : Craig Pirrong
Publisher : Cambridge University Press
ISBN 13 : 1139501976
Total Pages : 238 pages
Book Rating : 4.1/5 (395 download)

DOWNLOAD NOW!

Book Synopsis Commodity Price Dynamics by : Craig Pirrong

Download or read book Commodity Price Dynamics written by Craig Pirrong and published by Cambridge University Press. This book was released on 2011-10-31 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: Commodities have become an important component of many investors' portfolios and the focus of much political controversy over the past decade. This book utilizes structural models to provide a better understanding of how commodities' prices behave and what drives them. It exploits differences across commodities and examines a variety of predictions of the models to identify where they work and where they fail. The findings of the analysis are useful to scholars, traders and policy makers who want to better understand often puzzling - and extreme - movements in the prices of commodities from aluminium to oil to soybeans to zinc.

How Commodity Price Curves and Inventories React to a Short-Run Scarcity Shock

Author : Mr.Shaun K. Roache
Publisher : International Monetary Fund
ISBN 13 : 1455208876
Total Pages : 37 pages
Book Rating : 4.4/5 (552 download)

DOWNLOAD NOW!

Book Synopsis How Commodity Price Curves and Inventories React to a Short-Run Scarcity Shock by : Mr.Shaun K. Roache

Download or read book How Commodity Price Curves and Inventories React to a Short-Run Scarcity Shock written by Mr.Shaun K. Roache and published by International Monetary Fund. This book was released on 2010-09-01 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: How does a commodity market adjust to a temporary scarcity shock which causes a shift in the slope of the futures price curve? We find long-run relationships between spot and futures prices, inventories and interest rates, which means that such shocks lead to an adjustment back towards a stable equilibrium. We find evidence that the adjustment is somewhat consistent with well-known theoretical models, such as Pindyck (2001); in other words, spot prices rise and then fall, while inventories are used to absorb the shock. Importantly, the pace and nature of the adjustment depends upon whether inventories were initially high or low, which introduces significant nonlinearities into the adjustment process.

Commodity Prices As a Leading Indicator of Inflation

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451953089
Total Pages : 46 pages
Book Rating : 4.4/5 (519 download)

DOWNLOAD NOW!

Book Synopsis Commodity Prices As a Leading Indicator of Inflation by : International Monetary Fund

Download or read book Commodity Prices As a Leading Indicator of Inflation written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-10-03 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Commodity prices may be a leading indicator of inflation, because of the relative importance of flexible auction markets for the determination of these prices. Empirical tests using data for the large industrial countries as a group suggest that changes in commodity prices tend to lead those in consumer prices, and that the inclusion of commodity prices significantly improves the fit of regressions of a multi-country consumer price index. However, there does not appear to be a reliable long-run relationship between the level of commodity prices and the level of consumer prices.

The Myth of Comoving Commodity Prices

Author : Mr.Paul Cashin
Publisher : International Monetary Fund
ISBN 13 : 1451858329
Total Pages : 21 pages
Book Rating : 4.4/5 (518 download)

DOWNLOAD NOW!

Book Synopsis The Myth of Comoving Commodity Prices by : Mr.Paul Cashin

Download or read book The Myth of Comoving Commodity Prices written by Mr.Paul Cashin and published by International Monetary Fund. This book was released on 1999-12-01 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is a common perception that the prices of unrelated commodities move together. This paper re-examines this notion, using a measure of comovement of economic time series called concordance. Concordance measures the proportion of time that the prices of two commodities are concurrently in the same boom period or same slump period. Using data on the prices of several unrelated commodities, the paper finds no evidence of comovement in commodity prices. The results carry an important policy implication, as the study provides no support for earlier claims of irrational trading behavior by participants in world commodity markets.

Global Commodity Markets and Development Economics

Author : Stephan Pfaffenzeller
Publisher : Routledge
ISBN 13 : 131748360X
Total Pages : 197 pages
Book Rating : 4.3/5 (174 download)

DOWNLOAD NOW!

Book Synopsis Global Commodity Markets and Development Economics by : Stephan Pfaffenzeller

Download or read book Global Commodity Markets and Development Economics written by Stephan Pfaffenzeller and published by Routledge. This book was released on 2018-01-29 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: The early 21st century has seen a prolonged price boom in non-fuel commodities, coupled with a volatile performance in fuel prices. This new collection presents the latest research on commodity prices and economic development in the context of this changing globalized economy. Global Commodity Markets and Development Economics brings together analyses from a number of perspectives in order to explore commodity price developments. Chapters explore long term commodity trends, the evolution of relative price developments, the relationship of the domestic commodity sector with global supply chains, agri-food prices, and the role of oil markets in the global economy. Through considering a diverse range of countries including China, Russia and the United States, the authors examine key fuel and non-fuel commodity markets and offer a window into important trends and developments. This book will be relevant to those with an interest in development economics, international economics and energy markets.

The Long-Run Behavior of Commodity Prices

Author : Mr.Paul Cashin
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451848991
Total Pages : 27 pages
Book Rating : 4.8/5 (489 download)

DOWNLOAD NOW!

Book Synopsis The Long-Run Behavior of Commodity Prices by : Mr.Paul Cashin

Download or read book The Long-Run Behavior of Commodity Prices written by Mr.Paul Cashin and published by INTERNATIONAL MONETARY FUND. This book was released on 2001-05-01 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using the longest dataset publicly available (The Economist's index of industrial commodity prices), we analyze the behavior of real commodity prices over the period 1862-99, and have two main findings. First, while there has been a downward trend in real commodity prices of 1.3 percent per year over the last 140 years, little support is found for a break in the long-run trend decline in commodity prices. Second, there is evidence of a ratcheting up in the variability of price movements. The amplitude of price movements increased in the early 1900s, while the frequency of large price movements increased after the collapse of the Bretton Woods regime of fixed exchange rates in the early 1970s. While there is a downward trend in real commodity prices, this is of little practical policy relevance as it is small and completely dominated by the variability of prices.

The Theory of Commodity Price Stabilization

Author : David M. G. Newbery
Publisher : Oxford University Press, USA
ISBN 13 :
Total Pages : 486 pages
Book Rating : 4.:/5 (49 download)

DOWNLOAD NOW!

Book Synopsis The Theory of Commodity Price Stabilization by : David M. G. Newbery

Download or read book The Theory of Commodity Price Stabilization written by David M. G. Newbery and published by Oxford University Press, USA. This book was released on 1981 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fundamentals: supply and demand under risk; Market equilibrium; Price stabilization with no supply response; Supply responses to stabilization; Microeconomic repercussions; Economic considerations.

The Effects of Economic News on Commodity Prices

Author : Mr.Shaun K. Roache
Publisher : International Monetary Fund
ISBN 13 : 1451872879
Total Pages : 30 pages
Book Rating : 4.4/5 (518 download)

DOWNLOAD NOW!

Book Synopsis The Effects of Economic News on Commodity Prices by : Mr.Shaun K. Roache

Download or read book The Effects of Economic News on Commodity Prices written by Mr.Shaun K. Roache and published by International Monetary Fund. This book was released on 2009-07-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper uses an event study methodology to investigate which and how macroeconomic announcements affect commodity prices. Results show that gold is unique among commodities, with prices reacting to specific scheduled announcements in the United States and the Euro area (such as indicators of activity or interest rate decisions) in a manner consistent with gold's traditional role as a safe-haven and store of value. Other commodity prices, where such news is significant, exhibit pro-cyclical sensitivities and these have risen somewhat as commodities have become increasingly financialized. These results are important for those trading in the commodity markets on a frequent basis and long-term market participants that take their decisions based on information on price fundamentals, which are reflected in the release of macroeconomic announcements.

Commodity Terms of Trade

Author : Bertrand Gruss
Publisher : International Monetary Fund
ISBN 13 : 1484393856
Total Pages : 38 pages
Book Rating : 4.4/5 (843 download)

DOWNLOAD NOW!

Book Synopsis Commodity Terms of Trade by : Bertrand Gruss

Download or read book Commodity Terms of Trade written by Bertrand Gruss and published by International Monetary Fund. This book was released on 2019-01-24 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a comprehensive database of country-specific commodity price indices for 182 economies covering the period 1962-2018. For each country, the change in the international price of up to 45 individual commodities is weighted using commodity-level trade data. The database includes a commodity terms-of-trade index—which proxies the windfall gains and losses of income associated with changes in world prices—as well as additional country-specific series, including commodity export and import price indices. We provide indices that are constructed using, alternatively, fixed weights (based on average trade flows over several decades) and time-varying weights (which can account for time variation in the mix of commodities traded and the overall importance of commodities in economic activity). The paper also discusses the dynamics of commodity terms of trade across country groups and their influence on key macroeconomic aggregates.