The Long-Run Behavior of Commodity Prices : Small Trends and Big Variability /

Using the longest dataset publicly available (The Economist's index of industrial commodity prices), we analyze the behavior of real commodity prices over the period 1862-99, and have two main findings. First, while there has been a downward trend in real commodity prices of 1.3 percent per yea...

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Bibliographic Details
Main Author: Cashin, Paul
Other Authors: McDermott, C.
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2001.
Series:IMF Working Papers; Working Paper ; No. 2001/068
Online Access:Full text available on IMF