Commodity Terms of Trade: The History of Booms and Busts

Irina Tytell and Nikola Spatafora

No 09/205, IMF Working Papers from International Monetary Fund

Abstract: We compile a historical dataset covering nearly 40 years of booms and busts in the commodity terms of trade of over 150 countries. We discuss the characteristics of these events and their effects on macroeconomic performance and, in particular, compare the most recent commodity-price cycle with its historical precedents.

Keywords: Business cycles; Commodities; Commodity price fluctuations; Commodity prices; Cross country analysis; Data analysis; Data collection; Terms of trade; Time series (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-his, nep-int and nep-opm
Date: 2009-09-25

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