Commodity prices: How important are real and nominal shocks?

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Commodity prices: How important are real and nominal shocks?

We consider the response of both nominal and real commodity prices on world markets to real and nominal shocks by hypothesizing that nominal shocks can permanently affect nominal commodity prices, but can have only temporary effect on real commodity prices. Real shocks, in contrast, can have permane...

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Bibliographic Details
Main Authors:	Bloch, Harry, Fraser, P., MacDonald, Garry
Format:	Working Paper
Published:	Centre for Research in Applied Economics, Curtin Business School 2009
Subjects:	commodity prices shocks business cycle industrial production
Online Access:	http://hdl.handle.net/20.500.11937/41205

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