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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Formato: | Revista |
Idioma: | English |
Publicado: |
Washington, D.C. :
International Monetary Fund,
2013.
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Series: | IMF Working Papers; Working Paper ;
No. 2013/140 |
Acceso en liña: | Full text available on IMF |