Series: IMF Working Papers
Author(s): C. McDermott , Paul Cashin , and Alasdair Scott
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 1999
Keywords: Commodity prices, booms and slumps, cycles, duration, amplitude., london metal exchange, oil prices, commodity markets, import price
This paper examines the duration and magnitude of commodity-price cycles. It finds that for most commodities, price slumps last longer than price booms. How far prices fall in a slump is found to be slightly larger...