Economics, Econometrics and Finance
4 years ago

Study reveals longer and harsher price slumps in world commodities.

Journal of Development Economics
Booms and slumps in world commodity prices
Paul Cashin, C. John McDermott, Alasdair Scott

Paper Summary

Cycles in world commodity prices are common, with slumps lasting longer than booms. Prices tend to fall more during slumps than they rise during booms. The likelihood of a slump or boom ending is not influenced by how long it has already lasted.

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