IDEAS home Printed from https://ideas.repec.org/a/rpo/ripoec/v94y2004i2p187-224.html
   My bibliography  Save this article

Analisi fondamentale di mercato con aspettative razionali: un modello per il mercato delle materie prime

Author

Listed:
  • Federico Perali

    () (Università di Verona)

  • Luca Pieroni

    () (Università di Perugia)

Abstract

The traditional method to describe commodity markets with rational expectations is to link commodity prices with market shocks both on the supply and demand side. This study extends the traditional approach by specifying both the price and stock paths in terms of short and long run demand excesses which describe the market fundamentals. The results obtained from the analysis of the US corn market are statistically robust and economically coherent.

Suggested Citation

  • Federico Perali & Luca Pieroni, 2004. "Analisi fondamentale di mercato con aspettative razionali: un modello per il mercato delle materie prime," Rivista di Politica Economica, SIPI Spa, vol. 94(2), pages 187-224, March-Apr.
  • Handle: RePEc:rpo:ripoec:v:94:y:2004:i:2:p:187-224
    as

    Download full text from publisher

    File URL: http://www.rivistapoliticaeconomica.it/2004/mar-apr/perali.php
    Download Restriction: Payment required

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Pieroni, Luca & Ricciarelli, Matteo, 2008. "Modelling dynamic storage function in commodity markets: Theory and evidence," Economic Modelling, Elsevier, vol. 25(5), pages 1080-1092, September.

    More about this item

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rpo:ripoec:v:94:y:2004:i:2:p:187-224. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sabrina Marino). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.