Effects of supply and demand disturbances on real commodity prices: the US, UK and Japanese experience
Using forty-one years of monthly data, this paper assesses the impact of economy-wide supply and demand shocks on commodity prices in three of the world?s major economies. Utilising a small theoretical macro model, empirical results support the hypothesis that the relationship between real commodity...
| Main Authors: | , , |
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| Format: | Working Paper |
| Published: |
School of Economics and Finance, Curtin Business School
2005
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| Online Access: | http://hdl.handle.net/20.500.11937/20900 |