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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w18874 |
来源ID | Working Paper 18874 |
From Boom to Bust: A Typology of Real Commodity Prices in the Long Run | |
David S. Jacks | |
发表日期 | 2013-03-08 |
出版年 | 2013 |
语种 | 英语 |
摘要 | This paper considers the evidence on real commodity prices from 1900 to 2015 for 40 commodities, representing 8.72 trillion US dollars of production in 2011. In so doing, it suggests and documents a comprehensive typology of real commodity prices, comprising long-run trends, medium-run cycles, and short-run boom/bust episodes. The main findings can be summarized as follows: (1) real commodity prices have been on the rise—albeit modestly—from 1950; (2) there is a pattern—in both past and present—of commodity price cycles, entailing large and long-lived deviations from underlying trends; (3) these commodity price cycles are themselves punctuated by boom/bust episodes which are historically pervasive. |
主题 | Macroeconomics ; Business Cycles ; History ; Other History ; Environmental and Resource Economics |
URL | https://www.nber.org/papers/w18874 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/576549 |
推荐引用方式 GB/T 7714 | David S. Jacks. From Boom to Bust: A Typology of Real Commodity Prices in the Long Run. 2013. |
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文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w18874.pdf(860KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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