Verfügbarkeit: Commodity and Manufactures Prices in the Long Run

Commodity and Manufactures Prices in the Long Run:

The low level of primary commodity prices since 1985 is examined in the context of the behavior of those prices relative to prices of manufactured goods since 1854. The Prebisch-Singer hypothesis of a secular decline in relative commodity prices is sustained, but the recent decline is shown to be we...

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1. Verfasser:	Boughton, James M. (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 1991
Schriftenreihe:	IMF Working Papers Working Paper No. 91/47
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	The low level of primary commodity prices since 1985 is examined in the context of the behavior of those prices relative to prices of manufactured goods since 1854. The Prebisch-Singer hypothesis of a secular decline in relative commodity prices is sustained, but the recent decline is shown to be well outside the realm of historical experience. Commodity and manufactures prices are found to be cointegrated, conditional on the negative trend and a number of unexplained short-term swings. The earlier finding of a Gibson paradox is explained in terms of the difference between short- and long-run relationships
Beschreibung:	1 Online-Ressource (40 p)
ISBN:	1451972857 9781451972856

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spelling	Boughton, James M. Verfasser aut Commodity and Manufactures Prices in the Long Run Boughton, James M Washington, D.C International Monetary Fund 1991 1 Online-Ressource (40 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 91/47 The low level of primary commodity prices since 1985 is examined in the context of the behavior of those prices relative to prices of manufactured goods since 1854. The Prebisch-Singer hypothesis of a secular decline in relative commodity prices is sustained, but the recent decline is shown to be well outside the realm of historical experience. Commodity and manufactures prices are found to be cointegrated, conditional on the negative trend and a number of unexplained short-term swings. The earlier finding of a Gibson paradox is explained in terms of the difference between short- and long-run relationships Online-Ausg http://elibrary.imf.org/view/IMF001/01291-9781451972856/01291-9781451972856/01291-9781451972856.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Boughton, James M. Commodity and Manufactures Prices in the Long Run
title	Commodity and Manufactures Prices in the Long Run
title_auth	Commodity and Manufactures Prices in the Long Run
title_exact_search	Commodity and Manufactures Prices in the Long Run
title_exact_search_txtP	Commodity and Manufactures Prices in the Long Run
title_full	Commodity and Manufactures Prices in the Long Run Boughton, James M
title_fullStr	Commodity and Manufactures Prices in the Long Run Boughton, James M
title_full_unstemmed	Commodity and Manufactures Prices in the Long Run Boughton, James M
title_short	Commodity and Manufactures Prices in the Long Run
title_sort	commodity and manufactures prices in the long run
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