Commodity Prices in INTERLINK:

This paper describes work on the determination of primary commodity prices in world spot markets and in trade. Reduced-form equations for four product group price indices are estimated as functions of OECD activity, world prices, interest rates, exchange rates, oil prices, and other variables. The e...

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Bibliographic Details
Main Author: Holtham, Gerry (Author)
Other Authors: Saavalainen, Tapio (Contributor), Saunders, Paul (Contributor), Sutch, Helen (Contributor)
Format: Electronic eBook
Language:English
Published: Paris OECD Publishing 1985
Series:OECD Economics Department Working Papers
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Online Access:Volltext
Summary:This paper describes work on the determination of primary commodity prices in world spot markets and in trade. Reduced-form equations for four product group price indices are estimated as functions of OECD activity, world prices, interest rates, exchange rates, oil prices, and other variables. The equations are tested for stability on their own and within the OECD INTERLINK system. The effect of exogenous shocks upon primary commodity prices is studied as well as the effect of commodity price changes upon OECD inflation and activity. The commodity price equations enter in the INTERLINK system through export unit value equations, the estimation of which is described in the paper ...
Physical Description:1 Online-Ressource (63 Seiten) 21 x 29.7cm
DOI:10.1787/711115866305

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