The Behavior of Non-Oil Commodity Prices

Eduardo Borensztein, Peter Wickham, Mohsin Khan and Carmen Reinhart

No 1994/004, IMF Occasional Papers from International Monetary Fund

Abstract: This paper analyzes global commodity trends and concludes that the marked decline in real commodity prices of the past decade should be regarded as largely permanent and irreversible. The authors contend that the analysis of commodity prices should be extended to include the role of the breakdown of major international commodity agreements. In addition, the authors analyze how developments in the former Soviet Union have affected commodity supply conditions.

Keywords: OP; commodity; federal republic; market economies; country grouping; developed market economies; Taiwan prov.; production yearbook; Commodity prices; Commodity price fluctuations; Commodity price shocks; Agricultural commodities; Africa; Eastern Europe; Asia and Pacific; drive commodity market; commodity grouping; price shock; price volatility; commodity-producing country; Export earnings; Caribbean (search for similar items in EconPapers)
Pages: 77
Date: 1994-09-15
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Citations: View citations in EconPapers (16)

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Working Paper: The Behavior of Non-Oil Commodity Prices (1994)
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