Commodity Prices in Empirical Research
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authors
keywords
- Prebisch-Singer Hypothesis
- Commodity currencies
- Financialization
- Commodity prices
document type
UNDEFINEDabstract
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.