Demand Shocks Fuel Commodity Price Booms and Busts

4 Pages Posted: 18 Jan 2018

See all articles by Martin Stuermer

Martin Stuermer

International Monetary Fund (IMF) - Research Department

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

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

Martin Stuermer (Contact Author)

International Monetary Fund (IMF) - Research Department ( email )

700 19th Street NW
Washington, DC 20431
United States

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