Financial crash, commodity prices and global imbalances: A comment

Carmen Reinhart

MPRA Paper from University Library of Munich, Germany

Abstract: I appreciate the opportunity to discuss this paper by Ricardo Caballero, Emmanuel Farhi, and Pierre-Olivier Gourinchas. This paper was described to me as a mix of theoretical and empirical work that attempts a hat trick: explaining the joint combination of global imbalances, the deflation of the housing price bubble that created the subprime crisis, and volatile oil prices.

Keywords: oil; prices; volatility; saving; global; imbalances (search for similar items in EconPapers)
JEL-codes: E2 (search for similar items in EconPapers)
Date: 2009
New Economics Papers: this item is included in nep-mac, nep-opm and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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https://mpra.ub.uni-muenchen.de/13679/1/MPRA_paper_13679.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/45126/1/MPRA_paper_13679.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/45127/1/MPRA_paper_13679.pdf revised version (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:13679

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