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...

Descrición completa

Detalles Bibliográficos
Autor Principal: Alquist, Ron
Outros autores: Coibion, Olivier
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2013.
Series:IMF Working Papers; Working Paper ; No. 2013/140
Acceso en liña:Full text available on IMF