Égert, Balázs - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2009
run from commodity prices to real output in manufacturing. We complement this with two econometric exercises. First, we … estimate nominal and real exchange rate models to see whether commodity prices are correlated with the exchange rate. Second …, we run growth equations to analyse the possible effects of commodity prices and the dependency of economic growth on …