How Commodity Price Curves and Inventories React to a Short-Run Scarcity Shock /
How does a commodity market adjust to a temporary scarcity shock which causes a shift in the slope of the futures price curve? We find long-run relationships between spot and futures prices, inventories and interest rates, which means that such shocks lead to an adjustment back towards a stable equi...
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| 格式: | 雜誌 |
| 語言: | English |
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Washington, D.C. :
International Monetary Fund,
2010.
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| 叢編: | IMF Working Papers; Working Paper ;
No. 2010/222 |
| 在線閱讀: | Full text available on IMF |