The Relative Volatility of Commodity Prices : A Reappraisal /

This paper studies the volatility of commodity prices on the basis of a large dataset of monthly prices observed in international trade data from the United States over the period 2002 to 2011. The conventional wisdom in academia and policy circles is that primary commodity prices are more volatile...

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Tác giả chính: Arezki, Rabah
Tác giả khác: Lederman, Daniel, Zhao, Hongyan
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2011.
Loạt:IMF Working Papers; Working Paper ; No. 2011/279
Truy cập trực tuyến:Full text available on IMF
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100 1 |a Arezki, Rabah. 
245 1 4 |a The Relative Volatility of Commodity Prices :   |b A Reappraisal /  |c Rabah Arezki, Daniel Lederman, Hongyan Zhao. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2011. 
300 |a 1 online resource (23 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 studies the volatility of commodity prices on the basis of a large dataset of monthly prices observed in international trade data from the United States over the period 2002 to 2011. The conventional wisdom in academia and policy circles is that primary commodity prices are more volatile than those of manufactured products, even though most of the existing evidence does not actually attempt to measure the volatility of prices of individual goods or commodities. Rather the literature tends to focus on trends in the evolution and volatility of ratios of price indexes composed of multiple commodities and products. This approach can be misleading. Indeed, the evidence presented in this paper suggests that on average prices of individual primary commodities may be less volatile than those of individual manufactured goods. 
538 |a Mode of access: Internet 
700 1 |a Lederman, Daniel. 
700 1 |a Zhao, Hongyan. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2011/279 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2011/279/001.2011.issue-279-en.xml  |z IMF e-Library