Booms and Slumps in World Commodity Prices

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  • Booms and Slumps in World Commodity Prices Book Detail

  • Author : Paul Anthony Cashin
  • Release Date : 2006
  • Publisher :
  • Genre :
  • Pages : 25
  • ISBN 13 :
  • File Size : 36,36 MB

Booms and Slumps in World Commodity Prices by Paul Anthony Cashin PDF Summary

Book Description: This paper examines the duration and magnitude of commodity-price cycles. It finds that for most commodities, price slumps last longer than price booms. How far prices fall in a slump is found to be slightly larger than how far they rebound in a subsequent boom. There is little evidence of a consistent `shape` to commodity-price cycles. For all commodities, the probability of an end to a slump in prices is independent of the time already spent in the slump, and for most commodities, the probability of an end to a boom in prices is independent of the time already spent in the boom.

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