Search Results - subject:"COMMODITY PRICES"

Explaining the Persistence of Commodity Prices

Ng, Serena; Ruge-Murcia, Francisco - Department of Economics, Boston College - 1997

extensions on the time series properties of commodity prices. Results indicate that each of the features above partially account … stocks might play a substantial role in the dynamics of commodity prices. …

Persistent link: https://www.econbiz.de/10005102619

Estimating the Rational Expectations Model of Speculative Storage: A Monte Carlo Comparison of Three Simulation Estimators

Michaelides, Alexander; Ng, Serena - Department of Economics, Boston College - 1997

that the conditional mean and variance of commodity prices are nonlinear in lagged prices and have a kink at a threshold …

Persistent link: https://www.econbiz.de/10005102687

ECONOMIC CRITERIA FOR EVALUATING COMMODITY PRICE FORECASTS

Dorfman, Jeffrey H.; McIntosh, Christopher S. - In: Journal of Agricultural and Applied Economics 29 (1997) 02

Forecasts of economic time series are often evaluated according to their accuracy as measured by either quantitative precision or qualitative reliability. We argue that consumers purchase forecasts for the potential utility gains from utilizing them, not for their accuracy. Using Monte Carlo...

Persistent link: https://www.econbiz.de/10005320910

Policy Instruments and Financing Mechanisms for the Sustainable Use of Forests in Latin America

López, Ramón - Inter-American Development Bank - 1996

The objectives of this paper are two-fold: to analyze the role of international and domestic policies on the sustainable use of forests in Latin America; and to examine potential financing mechanisms to promote sustainable forest development and a more efficient wood processing industry. The paper...

Persistent link: https://www.econbiz.de/10009198325

Asset and Commodity Prices with Multiattribute Durable Goods

Detemple, Jérôme B.; Giannikos, Christos I. - Centre Interuniversitaire de Recherche en Analyse des … - 1995

We consider a pure exchange representative agent economy with perishable and durable commodities in which the durable good provides status as well as services. We examine the effects of the durable's attributes on demands and equilibrium prices. When the attributes are perfect substitutes...

Persistent link: https://www.econbiz.de/10005100565

What’s the Beef with House Prices? Economic Shocks and Local Housing Markets

Grimes, Arthur; Aitken, Andrew - EconWPA - 2005

We examine the impact of shocks on community outcomes. The shocks that we examine are exogenous economic shocks which occur externally to the local community, and which are hypothesised to impact on the community. By testing the impact of these shocks on community developments, we enrich...

Persistent link: https://www.econbiz.de/10005062526

Differences Among Commodities in Real Price Variability and Drift

Heifner, Richard G.; Kinoshita, Randal - In: Journal of Agricultural Economics Research (1994) 3

Many farm products exhibit price variabilities over over long time intervals that range between 10 and 20 percent when measured as standard deviations of annual rates of change. Price variability is notably higher for onions, rice, wool, oats, potatoes, grapefruit, and oranges, and lower for...

Persistent link: https://www.econbiz.de/10010910574

The Macroeconomic Determinants of Commodity Prices

Reinhart, Carmen; Borensztein, Eduardo - Volkswirtschaftliche Fakultät, … - 1994

The "traditional structural approach" to determining real commodity prices has relied exclusively on demand factors as … the fundamentals that explain commodity prices. This framework, however, has been unable to explain the sustained weakness … in commodity prices in the 1980s and 1990s. This paper extends that framework in two important directions: first, it …

Persistent link: https://www.econbiz.de/10005790059

THE QUANTITY THEORY OF MONEY AND FINANCIAL ACCOUNTING

Salvary, Stanley C. W. - EconWPA - 2004

- inflation accounting. Historically, the instability of commodity prices, which is due to changes in relative prices, is …. Monetarists maintain that it is the level of the money supply which accounts for the instability of commodity prices. Hence, (1 …

Persistent link: https://www.econbiz.de/10005412593

Inflationary Dynamics and the Angell-Johnson Proposals

Jr, Thomas M Fullerton; Hirth, Richard A; Smith, Mark B - EconWPA - 2004

The links between commodity prices, interst rates, wages, and the exchange rate of the U.S. dollar with consumer prices … rule difficult. Commodity prices do, however, add incremental information that complements that provided by other …

Persistent link: https://www.econbiz.de/10005076818