Abstract:
Commodity prices, Business cycles, Commodity price fluctuations, Economic models, commodity prices, comovement: factor models, factor analysis, global production, agricultural commodities, idiosyncratic shocks, aggregate shocks, price fluctuations, exogenous shock, wholesale price, dynamic effects, aggregate consumption, import price, export price, oil prices, commodity exchange, output growth, oil shock, elasticity of substitution, nominal interest rate, price support, market equilibrium, global market, supply chain, unit of labor