The Myth of Comoving Commodity Prices /

There is a common perception that the prices of unrelated commodities move together. This paper re-examines this notion, using a measure of comovement of economic time series called concordance. Concordance measures the proportion of time that the prices of two commodities are concurrently in the sa...

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Bibliografische gegevens
Hoofdauteur: McDermott, C.
Andere auteurs: Cashin, Paul, Scott, Alasdair
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 1999.
Reeks:IMF Working Papers; Working Paper ; No. 1999/169
Online toegang:Full text available on IMF