Commodity Terms of Trade: The History of Booms and Busts
35 Pages Posted: 13 Oct 2009
Date Written: September 2009
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.
Keywords: Business cycles, Commodities, Commodity price fluctuations, Commodity prices, Cross country analysis, Data analysis, Data collection, Terms of trade, Time series
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