Commodity Terms of Trade: The History of Booms and Busts

35 Pages Posted: 13 Oct 2009

See all articles by Nicola Spatafora

Nicola Spatafora

International Monetary Fund (IMF)

Irina Tytell

Fidelity Investments; International Monetary Fund (IMF)

Date Written: September 2009

Abstract

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

Suggested Citation

Spatafora, Nikola and Tytell, Irina, Commodity Terms of Trade: The History of Booms and Busts (September 2009). IMF Working Papers, Vol. , pp. 1-34, 2009. Available at SSRN: https://ssrn.com/abstract=1486523

Nikola Spatafora

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

Irina Tytell (Contact Author)

Fidelity Investments ( email )

245 Summer Street
Boston, MA 02210
United States

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
308
Abstract Views
857
rank
97,966
PlumX Metrics