Demand Shocks Fuel Commodity Price Booms and Busts
4 Pages Posted: 18 Jan 2018
Date Written: 2017
Abstract
Demand shocks due to rapid industrialization have driven commodity price booms throughout history. As periods of industrialization lose steam and supply catches up, busts follow after about 10 years. A new dataset of price and production levels of 12 commodities provides evidence of this behavior from 1870 to 2013.
Suggested Citation: Suggested Citation
Stuermer, Martin, Demand Shocks Fuel Commodity Price Booms and Busts (2017). Economic Letter, Vol. 12, Issue 14, pp. 1-4, 2017, Available at SSRN: https://ssrn.com/abstract=3104506
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