Variable long-term trends in mineral prices: The ongoing tug-of-war between exploration, depletion, and technological change

This paper explores the use of low-frequency band-pass filters for describing long-run trends in real mineral commodity prices. This approach has the advantage of allowing long-run trend rates to evolve gradually over time, rather than assuming that they are constant (perhaps with occasional structural breaks) over time. This is a flexible way of capturing the ongoing ‘tug of war’ between exploration, depletion, and technological change.

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Year of publication:	2014
Authors:	Cuddington, John T. ; Nülle, Grant
Published in:	Journal of International Money and Finance. - Elsevier, ISSN 0261-5606. - Vol. 42.2014, C, p. 224-252
Publisher:	Elsevier
Subject:	Variable trends \| Depletion \| Technological change

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011048527