How Persistent Are Shocks to World Commodity Prices?:
This paper examines the persistence of shocks to world commodity prices, using monthly IMF data on primary commodities between 1957-98. We find that shocks to commodity prices are typically long-lasting and the variability of the persistence of price shocks is quite wide. The paper also discusses th...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1999
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Schriftenreihe: | IMF Working Papers
Working Paper No. 99/80 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper examines the persistence of shocks to world commodity prices, using monthly IMF data on primary commodities between 1957-98. We find that shocks to commodity prices are typically long-lasting and the variability of the persistence of price shocks is quite wide. The paper also discusses the implications of these findings for national and international schemes to stabilize earnings from commodity exports and finds that if price shocks are long-lived, then the cost of stabilization schemes will likely exceed any associated smoothing benefits |
Beschreibung: | 1 Online-Ressource (54 p) |
ISBN: | 145185028X 9781451850284 |
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spelling | Liang, Hong Verfasser aut How Persistent Are Shocks to World Commodity Prices? Liang, Hong Washington, D.C International Monetary Fund 1999 1 Online-Ressource (54 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 99/80 This paper examines the persistence of shocks to world commodity prices, using monthly IMF data on primary commodities between 1957-98. We find that shocks to commodity prices are typically long-lasting and the variability of the persistence of price shocks is quite wide. The paper also discusses the implications of these findings for national and international schemes to stabilize earnings from commodity exports and finds that if price shocks are long-lived, then the cost of stabilization schemes will likely exceed any associated smoothing benefits Online-Ausg Cashin, Paul Sonstige oth McDermott, C. John Sonstige oth http://elibrary.imf.org/view/IMF001/03161-9781451850284/03161-9781451850284/03161-9781451850284.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Liang, Hong How Persistent Are Shocks to World Commodity Prices? |
title | How Persistent Are Shocks to World Commodity Prices? |
title_auth | How Persistent Are Shocks to World Commodity Prices? |
title_exact_search | How Persistent Are Shocks to World Commodity Prices? |
title_exact_search_txtP | How Persistent Are Shocks to World Commodity Prices? |
title_full | How Persistent Are Shocks to World Commodity Prices? Liang, Hong |
title_fullStr | How Persistent Are Shocks to World Commodity Prices? Liang, Hong |
title_full_unstemmed | How Persistent Are Shocks to World Commodity Prices? Liang, Hong |
title_short | How Persistent Are Shocks to World Commodity Prices? |
title_sort | how persistent are shocks to world commodity prices |
url | http://elibrary.imf.org/view/IMF001/03161-9781451850284/03161-9781451850284/03161-9781451850284.xml |
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