Commodity-price Comovement and Global Economic Activity

Released on by Ron Alquist
preview-18

  • Commodity-price Comovement and Global Economic Activity Book Detail

  • Author : Ron Alquist
  • Release Date : 2014
  • Publisher :
  • Genre : Economics
  • Pages : 0
  • ISBN 13 :
  • File Size : 40,40 MB
DOWNLOAD BOOK

Commodity-price Comovement and Global Economic Activity by Ron Alquist PDF Summary

Book Description: Guided by a macroeconomic model in which commodity prices are endogenously determined, we apply a new factor-based identification strategy to decompose the historical sources of changes in commodity prices and global economic activity. The model yields a factor structure for commodity prices and identification conditions that provide the factors with an economic interpretation: one factor captures the combined contribution of shocks that affect commodity markets only through general-equilibrium forces. Applied to a cross-section of commodity prices since 1968, the theoretical restrictions are consistent with the data and yield structural interpretations of the common factors in commodity prices. Commodity-related shocks have contributed modestly to global economic fluctuations.

Disclaimer: www.yourbookbest.com does not own Commodity-price Comovement and Global Economic Activity books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

The Comovement in Commodity Prices

The Comovement in Commodity Prices

File Size : 65,65 MB
Total View : 6492 Views
DOWNLOAD

We present a simple macroeconomic model with a continuum of primary commodities used in the production of the final good, such that the real prices of commoditi

The Myth of Comoving Commodity Prices

The Myth of Comoving Commodity Prices

File Size : 23,23 MB
Total View : 7227 Views
DOWNLOAD

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