Carter, Colin A.; Rausser, Gordon C.; Smith, Aaron - In: Annual Review of Resource Economics 3 (2011) 1, pp. 87-118
Periodically, the global economy experiences great commodity booms and busts, characterized by a broad and sharp comovement of commodity prices. There have been two such episodes since the Korean War. The first event peaked in 1974 and the second in 2008, 34 years apart. Both created major...
