Revisiting super-cycles in commodity prices

Fatma Erdem and Ibrahim Unalmis

Central Bank Review, 2016, vol. 16, issue 4, 137-142

Abstract: It is argued that business cycles have been moderating. However, there are a limited number of studies in the literature analyzing the cyclical behaviour of commodity prices in the last decades. This paper attempts to fill this gap by investigating the super-cycles in oil prices. In addition, interdependence between cycles in GDP and oil prices and co-movements between cycles in oil and other commodity prices are investigated. Results show that super-cycles in oil prices still exist and are not moderating. The last peak in long-term oil price was observed in 2012 and since then it has been on a downward trend.

Keywords: Super-cycles; Commodity prices; Band-pass filters (search for similar items in EconPapers)
JEL-codes: C22 E32 Q02 (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (14)

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Persistent link: https://EconPapers.repec.org/RePEc:tcb:cebare:v:16:y:2016:i:4:p:137-142

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