Booms and Slumps in World Commodity Prices /

This paper examines the duration and magnitude of commodity-price cycles. It finds that for most commodities, price slumps last longer than price booms. How far prices fall in a slump is found to be slightly larger than how far they rebound in a subsequent boom. There is little evidence of a consist...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: McDermott, C.
Muut tekijät: Cashin, Paul, Scott, Alasdair
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 1999.
Sarja:IMF Working Papers; Working Paper ; No. 1999/155
Linkit:Full text available on IMF
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100 1 |a McDermott, C. 
245 1 0 |a Booms and Slumps in World Commodity Prices /  |c C. McDermott, Paul Cashin, Alasdair Scott. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1999. 
300 |a 1 online resource (25 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper examines the duration and magnitude of commodity-price cycles. It finds that for most commodities, price slumps last longer than price booms. How far prices fall in a slump is found to be slightly larger than how far they rebound in a subsequent boom. There is little evidence of a consistent 'shape' to commodity-price cycles. For all commodities, the probability of an end to a slump in prices is independent of the time already spent in the slump, and for most commodities, the probability of an end to a boom in prices is independent of the time already spent in the boom. 
538 |a Mode of access: Internet 
700 1 |a Cashin, Paul. 
700 1 |a Scott, Alasdair. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1999/155 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1999/155/001.1999.issue-155-en.xml  |z IMF e-Library