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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| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2010.
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| coleção: | IMF Working Papers; Working Paper ;
No. 2010/222 |
| Acesso em linha: | Full text available on IMF |