Soaring commodity prices in 2007 and 2008 raised concerns that volatility was also rising, which would have implications for welfare and therefore for the design of public policy interventions. The literature focuses on trends in commodity prices rather than their volatility characteristics. This paper contributes by examining commodity price volatility with a newly compiled monthly panel dataset on 45 individual commodity prices from the end of the...
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INFORMATION
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2010/10/01
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Document de travail de recherche sur les politiques
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WPS5460
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1
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1
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2010/10/01
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Disclosed
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Are commodity prices more volatile now ? a long-run perspective
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commodity price