Buscar
Mostrando ítems 1-2 de 2
Commodity prices and macroeconomic policy: and overview
World commodity prices and their macroeconomic impact especially on emerging economies have long been a main concern in economic research. Decades ago the Prebisch-Singer hypothesis of secularly deteriorating terms of trade (Prebisch 1950 Singer 1950) was the subject of intense debate and became a ...
Terms of trade shocks and investment in commodity-exporting economies
Commodity prices have experienced significant swings over the past two decades. Real commodity prices have on average more than doubled in the last decade compared to the previous one while the prices of some commodities such as copper and other industrial metals have more than tripled in real terms. ...