The Comovement in Commodity Prices : Sources and Implications /

We present a simple macroeconomic model with a continuum of primary commodities used in the production of the final good, such that the real prices of commodities have a factor structure. One factor captures the combined contribution of all aggregate shocks which have no direct effects on commodity...

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Detalhes bibliográficos
Autor principal: Alquist, Ron
Outros Autores: Coibion, Olivier
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2013.
coleção:IMF Working Papers; Working Paper ; No. 2013/140
Acesso em linha:Full text available on IMF