The long-run behavior of commodity prices : small trends and big variability /

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 yea...

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Bibliographic Details
Main Author: Cashin, Paul
Other Authors: McDermott, C. John
Format: Book
Language:English
Published: Washington, D.C. : International Monetary Fund, 2001
Series:IMF working paper ; no. WP/01/68
Subjects:
Online Access:http://www.imf.org/external/pubs/ft/wp/2001/wp0168.pdf