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Commodity Prices: Cyclical Weakness or Secular Decline?

Primary commodities still account for the bulk of exports in many developing countries. However, real commodity prices have been declining almost continuously since the early 1980s. The appropriate policy response to a terms of trade shock depends importantly on whether the shock is perceived to... Full description

1st Person: Reinhart, Carmen M.
Additional Persons: Wickham, Peter verfasserin
Source: in IMF staff papers : a quarterly journal of the IMF Vol. 41, No. 2 (1994), p. 175-213
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Type of Publication: Article
Language: English
Published: 1994
Keywords: research-article
C22
E3
E61
Online: Volltext
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