Fluctuations in the international prices of oil, dairy products, beef and lamb between 2000 and 2008: A review of market-specific demand and supply factors

Phil Briggs, Carly Harker, Tim Ng and Aidan Yao
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Aidan Yao: Reserve Bank of New Zealand, http://www.rbnz.govt.nz

No DP2011/02, Reserve Bank of New Zealand Discussion Paper Series from Reserve Bank of New Zealand

Abstract: This paper looks at the boom period between 2000 and 2008 in the international prices of four internationally-traded commodities: oil, dairy products, beef and lamb. All are important drivers of macroeconomic dynamics in New Zealand. Our aim is to provide overviews of the demand and supply factors specific to each market and product, thus adding colour to more general analyses of the macroeconomic and financial drivers of the cycles in world commodity markets over the period. For each commodity market we examine here, we set out the structures of the markets and the major drivers of world demand and supply, and discuss the apparent relative strength of each of the drivers.

JEL-codes: F31 G14 (search for similar items in EconPapers)
Pages: 94 p.
Date: 2011-05
New Economics Papers: this item is included in nep-agr, nep-bec and nep-opm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:nzb:nzbdps:2011/02

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