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...

Mô tả đầy đủ

Chi tiết về thư mục
Tác giả chính: Alquist, Ron
Tác giả khác: Coibion, Olivier
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2013.
Loạt:IMF Working Papers; Working Paper ; No. 2013/140
Truy cập trực tuyến:Full text available on IMF