Economics, Econometrics and Finance
7 years ago

Global economic activity drives fluctuations in commodity prices, impacting consumers worldwide.

SSRN Electronic Journal
Common Factors of Commodity Prices
S. Delle Chiaie, Laurent Ferrara, Domenico Giannone

Paper Summary

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The study looked at different commodity prices and found that most of their ups and downs can be explained by one main factor that affects the global economy. This factor has become more important in influencing oil prices since the 2000s.