El Nino and World Primary Commodity Prices : Warm Water or Hot Air? /

This paper examines the historical effects of the El Nino-Southern Oscillation (ENSO) cycle on world prices and economic activity. The analysis indicates that ENSO has economically-important and statistically-significant effects on world real commodity prices. A one-standard-deviation positive surpr...

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מידע ביבליוגרפי
מחבר ראשי: Brunner, Allan
פורמט: כתב-עת
שפה:English
יצא לאור: Washington, D.C. : International Monetary Fund, 2000.
סדרה:IMF Working Papers; Working Paper ; No. 2000/203
גישה מקוונת:Full text available on IMF
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100 1 |a Brunner, Allan. 
245 1 0 |a El Nino and World Primary Commodity Prices :   |b Warm Water or Hot Air? /  |c Allan Brunner. 
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300 |a 1 online resource (34 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 historical effects of the El Nino-Southern Oscillation (ENSO) cycle on world prices and economic activity. The analysis indicates that ENSO has economically-important and statistically-significant effects on world real commodity prices. A one-standard-deviation positive surprise in ENSO, for example, raises real commodity price inflation about 3-1/2 to 4 percentage points. Moreover, ENSO appears to account for almost 20 percent of commodity price inflation movements over the past several years. ENSO also has some explanatory power for world consumer price inflation and world economic activity, accounting for about 10 to 20 percent of movements in those variables. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2000/203 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2000/203/001.2000.issue-203-en.xml  |z IMF e-Library