This paper considers the issue of whether shocks to ten commodity prices (gold, silver, platinum, copper, aluminum …-based unit root test of LN, we are able to reject the unit root null for five commodity prices; namely, iron ore, nickel, zinc …

We argue that long run and dynamic relationships should exist between commodity prices, consumer prices and money … money, commodity prices and consumer prices, with both commodity and consumer prices proportional to the money supply in the … long run. Persistence profiles reveal commodity prices initially overshooting their new equilibrium values in response to a …

commodity prices, a view emphasized in the recent literature. In addition, we consider different types of factor …

This paper investigates the properties of real commodity prices from the per- spective of policy makers seeking to …) secular decline of real commodity prices, the so-called Prebish-Singer (PS) hypoth- esis, (2) real commodity prices are … characterised by long-cycles, (3) and relative high volatility of real commodity prices. Employing recent and powerful econo …

negotiations. Time-series analyses of data on select commodity prices show that although the static measures suggest an across the …