Using the longest dataset publicly available (The Economist's index of industrial commodity prices), we analyze the … behavior of real commodity prices over the period 1862-99, and have two main findings. First, while there has been a downward … trend in real commodity prices of 1.3 percent per year over the last 140 years, little support is found for a break in the …

time varying parameters. We illustrate the ideas of the paper using a large data set of 16 commodity prices.  …

add significantly to the dynamics implied by learning and substantially enhance the volatility of commodity prices. In our … substantial volatility in commodity prices despite the fact the model is subject only to i.i.d shocks. The shifting SCE …

and other commodity prices in the first half of 2008. In particular it asks the question whether observed differences in … rates on domestic inflation, which may have contributed to differences in policy stances during the boom in commodity prices …

January 2001 to July 2007. We find strong nonlinear effects of commodity prices, perceived country and emerging market risk …

commodity prices from mid 2006 until mid 2008, and to block their transmission to domestic markets, with varying degrees of …

Since the influential paper by Pindyck and Rotemberg (1990) [The excess co-movement of commodity prices. The Economic … evidence that the high level of correlation between cycles of commodity prices can be explained to a large extent by common … commodity prices are rather loose. …