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The Behavior of Non-Oil Commodity Prices

Author

Listed:
  • Mr. Eduardo Borensztein
  • Mr. Peter Wickham
  • Mr. Mohsin S. Khan
  • Ms. Carmen Reinhart

Abstract

This paper analyzes global commodity trends and concludes that the marked decline in real commodity prices of the past decade should be regarded as largely permanent and irreversible. The authors contend that the analysis of commodity prices should be extended to include the role of the breakdown of major international commodity agreements. In addition, the authors analyze how developments in the former Soviet Union have affected commodity supply conditions.

Suggested Citation

  • Mr. Eduardo Borensztein & Mr. Peter Wickham & Mr. Mohsin S. Khan & Ms. Carmen Reinhart, 1994. "The Behavior of Non-Oil Commodity Prices," IMF Occasional Papers 1994/004, International Monetary Fund.
    • Handle: RePEc:imf:imfops:1994/004
    as

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    References listed on IDEAS

    as
    1. Angus Deaton & Guy Laroque, 1992. "On the Behaviour of Commodity Prices," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 59(1), pages 1-23.
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    More about this item

    Keywords

    OP; commodity; federal republic; market economies; country grouping; developed market economies; Taiwan prov.; production yearbook; Commodity prices; Commodity price fluctuations; Commodity price shocks; Agricultural commodities; Africa; Eastern Europe; Asia and Pacific; drive commodity market; commodity grouping; price shock; price volatility; commodity-producing country; Export earnings; Caribbean;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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