The Macroeconomic Determinants of Commodity Prices

The Macroeconomic Determinants of Commodity Prices
The "traditional structural approach" to the determination of real commodity prices has relied exclusively on demand factors as the fundamentals that explain the behavior of commodity prices. This framework, however, has been unable to explain the marked and sustained weakness in commodity prices during the 1980s and 1990s. This paper extends... READ MORE...

Publication date: January 1994
ISBN 9781451927221
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