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The Relative Volatility of Commodity Prices

2011-12-01 Business & Economics
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Release : 2011-12-01
Genre : Business & Economics
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Book Rating : 964/5 ( reviews)

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Book Synopsis The Relative Volatility of Commodity Prices by : Mr.Rabah Arezki

Download or read book The Relative Volatility of Commodity Prices written by Mr.Rabah Arezki. This book was released on 2011-12-01. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the volatility of commodity prices on the basis of a large dataset of monthly prices observed in international trade data from the United States over the period 2002 to 2011. The conventional wisdom in academia and policy circles is that primary commodity prices are more volatile than those of manufactured products, even though most of the existing evidence does not actually attempt to measure the volatility of prices of individual goods or commodities. Rather the literature tends to focus on trends in the evolution and volatility of ratios of price indexes composed of multiple commodities and products. This approach can be misleading. Indeed, the evidence presented in this paper suggests that on average prices of individual primary commodities may be less volatile than those of individual manufactured goods.

The Relative Volatility of Commodity Prices

2013
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Release : 2013
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Book Synopsis The Relative Volatility of Commodity Prices by : Arezki

Download or read book The Relative Volatility of Commodity Prices written by Arezki. This book was released on 2013. Available in PDF, EPUB and Kindle. Book excerpt:

The Relative Volatility of Commodity Prices

2017
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Release : 2017
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Book Synopsis The Relative Volatility of Commodity Prices by : Rabah Arezki

Download or read book The Relative Volatility of Commodity Prices written by Rabah Arezki. This book was released on 2017. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the volatility of commodity prices on the basis of a large dataset of monthly prices observed in international trade data from the United States over the period 2002 to 2011. The conventional wisdom in academia and policy circles is that primary commodity prices are more volatile than those of manufactured products, although most of the existing evidence does not actually attempt to measure the volatility of prices of individual goods or commodities. The literature tends to focus on trends in the evolution and volatility of ratios of price indexes composed of multiple commodities and products. This approach can be misleading. Indeed, the evidence presented in this paper suggests that on average prices of individual primary commodities are less volatile than those of individual manufactured goods. However, the challenges of managing terms of trade volatility in developing countries with concentrated export baskets remain.

The Volatility of the Relative Price of Commodities In Terms of Manufactures Across Exchange Regimes

1998-12-01 Business & Economics
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Release : 1998-12-01
Genre : Business & Economics
Kind : eBook
Book Rating : 639/5 ( reviews)

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Book Synopsis The Volatility of the Relative Price of Commodities In Terms of Manufactures Across Exchange Regimes by : Ms.Hong Liang

Download or read book The Volatility of the Relative Price of Commodities In Terms of Manufactures Across Exchange Regimes written by Ms.Hong Liang. This book was released on 1998-12-01. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the relationship between the nominal exchange rate regime and the volatility of relative commodity prices. The analysis shows that the relationship depends upon both the market structure and the economic agent’s perception about future exchange rate movements. When the markets for manufactured goods are less competitive than the markets for primary commodities, the volatility of relative commodity prices rises when exchange rate uncertainty increases. If demand for manufactured goods is intertemporally dependent, even a small increase in exchange rate uncertainty can result in potentially large costs in terms of increased relative commodity price instability.

Commodity Price Volatility and Inclusive Growth in Low-Income Countries

2012-10-24 Business & Economics
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Release : 2012-10-24
Genre : Business & Economics
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Book Rating : 791/5 ( reviews)

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Book Synopsis Commodity Price Volatility and Inclusive Growth in Low-Income Countries by : Mr.Rabah Arezki

Download or read book Commodity Price Volatility and Inclusive Growth in Low-Income Countries written by Mr.Rabah Arezki. This book was released on 2012-10-24. Available in PDF, EPUB and Kindle. Book excerpt: In the years following the global financial crisis, many low-income countries experienced rapid recovery and strong economic growth. However, many are now facing enormous difficulties because of rapidly rising food and fuel prices, with the threat of millions of people being pushed into poverty around the globe. The risk of continued food price volatility is a systemic challenge, and a failure in one country has been shown to have a profound impact on entire regions. This volume addresses the challenges of commodity price volatility for low-income countries and explores some macroeconomic policy options for responding to commodity price shocks. The book then looks at inclusive growth policies to address inequality in commodity-exporting countries, particularly natural resource rich countries. Perspectives from the Middle East and North Africa, sub-Saharan Africa, emerging Asia, and Mexico are presented and, finally, the role of the international donor community is examined. This volume is a must read for policymakers everywhere, from those in advanced, donor countries to those in countries with the poorest and most vulnerable populations.

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