The Myth of Comoving Commodity Prices

Released on by Mr.Paul Cashin
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  • The Myth of Comoving Commodity Prices Book Detail

  • Author : Mr.Paul Cashin
  • Release Date : 1999-12-01
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 21
  • ISBN 13 : 1451858329
  • File Size : 5,5 MB
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The Myth of Comoving Commodity Prices by Mr.Paul Cashin PDF Summary

Book Description: 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.

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The Myth of Comoving Commodity Prices

The Myth of Comoving Commodity Prices

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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 econom

The Myth of Co-Moving Commodity Prices

The Myth of Co-Moving Commodity Prices

File Size : 57,57 MB
Total View : 1140 Views
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There is a common perception that the prices of unrelated commodities move together. This paper re-examines this notion, using a measure of co-movement of econo

The Myth of Co-moving Commodity Prices

The Myth of Co-moving Commodity Prices

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Total View : 5289 Views
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Re-examines the notion that the prices of unrelated commodities move together, using a measure of co-movement of economic time series called concordance.