Agricultural Commodity Price Volatility: An Overview

Recent years have witnessed a sharp increase in many commodity prices. This report examines the question of whether commodity price volatility has materially changed with the rapid run up in world prices in 2006-09, followed by an equally sharp decline in many commodity prices. The report analyses i...

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1. Verfasser: Huchet-Bourdon, Marilyne (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Paris OECD Publishing 2011
Schriftenreihe:OECD Food, Agriculture and Fisheries Papers no.52
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Zusammenfassung:Recent years have witnessed a sharp increase in many commodity prices. This report examines the question of whether commodity price volatility has materially changed with the rapid run up in world prices in 2006-09, followed by an equally sharp decline in many commodity prices. The report analyses international price volatility for selected agricultural commodities over the past half-century and their relationship with crude oil, fertiliser and the euro-dollar exchange rates. The analysis utilises different data sources, frequency of price observations, periods of observation, price volatility measures and a number of statistical tests to examine the various dimensions of the issue.
Beschreibung:1 Online-Ressource (51 p.) 21 x 29.7cm.
DOI:10.1787/5kg0t00nrthc-en

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