Commodity Prices in Empirical Research

authors

  • Carpantier Jean-François

keywords

  • Prebisch-Singer Hypothesis
  • Commodity currencies
  • Financialization
  • Commodity prices

document type

UNDEFINED

abstract

Commodity prices are key ingredients in many economic theories. We pick three of them (Prebisch-Singer Hypothesis, commodity currencies, financialization of commodity markets) and give a critical view on the empirical challenges faced by practitioners, including measurement inconsistencies, endogeneity concerns, time series properties and empirical design.

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