Search Results - subject:"buffer stock"

Growth, commodity prices, inflation and the distribution of income

Bloch, Harry; Dockery, Alfred M.; Morgan, C. W.; … - 2005

Persistent link: https://www.econbiz.de/10003011906

Market power and primary commodity prices : the case of copper

Cerda, Rodrigo - 2005

Persistent link: https://www.econbiz.de/10002892028

Effects of supply and demand disturbances on real commodity prices : the US, UK and Japanese experience

Fraser, Patricia (contributor); … - 2005

Persistent link: https://www.econbiz.de/10002860746

Soft Liquidity Constraints and Precautionary Saving

Corugedo, Emilio Fernández - 2005

This paper considers the implications for consumption and saving behaviour when households are allowed to borrow, but face penalties which increase with the amount borrowed. It shows that the introduction of this type of constraints (soft liquidity constraints) does not lead to consumers...

Persistent link: https://www.econbiz.de/10014105747

Booms and Slumps in World Commodity Prices

McDermott, C. John; Cashin, Paul Anthony; Scott, Alasdair - 2005

This paper examines the duration and magnitude of cycles in commodity prices. We find that for the majority of commodities, price slumps last longer than price booms. How far prices fall in a slump is found to be slightly larger than how far they tend to rebound in a subsequent boom. We also...

Persistent link: https://www.econbiz.de/10014112612

Disentangling the importance of the precautionary saving motive

Kennickell, Arthur B. (contributor); … - 2005

Keywords: Risk, Buffer-stock Models of Saving, Old Cohorts Wealth, Business Owners Wealth 1. Introduction One of the … savings. Our theoretical framework of reference is the ‘buffer-stock’ model, which we summarize below. 3.1 The “Buffer-Stock …” Model of Saving The theoretical model that has guided our empirical work is the “buffer-stock” model of saving, as derived …

Persistent link: https://www.econbiz.de/10003351820

Commodity price shocks and the odds on fiscal performance : a structural VAR approach

Kumah, Francis Y.; Matovu, John M. - 2005

Persistent link: https://www.econbiz.de/10003218760

Market power and commodity prices : Brazil, Chile and the United States, 1820s - 1930

Abreu, Marcelo de Paiva (contributor); … - 2005

Persistent link: https://www.econbiz.de/10003220922

Can globalization stop the decline in commodities' terms of trade? : The Prebisch-Singer hypothesis revisited

Mollick, André Varella; Faria, João Ricardo; … - 2005

Several empirical studies report the existence of declining terms of trade between commodities and manufactures, supporting the Prebisch-Singer hypothesis. As globalization leads to greater integration of markets, we ask if in a fully integrated economy the terms of trade will display the same...

Persistent link: https://www.econbiz.de/10003277128

Nonrenewable Resource Prices : Deterministic or Stochastic Trends?

Lee, Junsoo - 2005

In this paper we examine temporal properties of eleven natural resource real price series from 1870-1990 by employing a Lagrangian Multiplier unit root test that allows for two endogenously determined structural breaks with and without a quadratic trend. Contrary to previous research, we find...

Persistent link: https://www.econbiz.de/10012467192