1.

Record Nr.

UNINA9910960566803321

Titolo

Commodity Terms of Trade : : The History of Booms and Busts

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2009

ISBN

9786612844119

9781462336593

1462336590

9781282844117

1282844113

9781451873528

1451873522

9781452738963

1452738963

Edizione

[1st ed.]

Descrizione fisica

34 p. : ill

Collana

IMF Working Papers

Disciplina

338.5;338.52

Soggetti

Prices

Terms of trade - Econometric models

Business cycles - Econometric models

Business cycles

Commercial products

Commodities

Commodity booms

Commodity Markets

Commodity price fluctuations

Commodity prices

Economic growth

Investment & securities

Investments: Commodities

Investments: Energy

Macroeconomics

Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)

Papua New Guinea

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa



Livello bibliografico

Monografia

Note generali

"September 2009."

Nota di contenuto

Intro -- Contents -- I. Introduction -- II. The Commodity Terms of Trade -- III. Identifying Commodity Booms and Busts -- IV. The Consequences of Commodity Booms and Busts -- V. Conclusions -- VI. References -- Tables -- 1. The Distribution of  Booms Across Periods and Regions: Some Summary Statistics -- 2. The Distributions of Busts Across Periods and Regions: Some Summary Statistics -- 3. Descriptive Tests of Amplitude and Duration of Booms and Busts -- 4. The Most Recent Episodes of Booms and Busts -- 5. Macroeconomic Performance During Booms and Busts -- 6. Comparative Tests of Macroeconomic Performance During Booms and Busts -- 7. Macroeconomic Performance in the Latest Boom Relative to the Past -- Figures -- 1. Commodity Price  Aggregates -- 2. Commodity Terms of Trade -- 3. Commodity Terms of Trade by Region -- 4. Commodity Terms of Trade: Fuel Exporters -- 5. Commodity Terms of Trade: Non-Fuel Commodity Exporters -- 6. Commodity Terms of Trade: Other Countries -- 7. Commodity Prices and Terms of Trade: Venezuela -- 8. Commodity Prices and Terms of Trade Papua New Guinea -- 9. Commodity Prices and Terms of Trade Mauritius -- 10. The Number of  Countries Experiencing Booms and Busts in the Commodity Terms of Trade.

Sommario/riassunto

We compile a historical dataset covering nearly 40 years of booms and busts in the commodity terms of trade of over 150 countries. We discuss the characteristics of these events and their effects on macroeconomic performance and, in particular, compare the most recent commodity-price cycle with its historical precedents.