Journal Article
Demand Shocks Fuel Commodity Price Booms and Busts
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.
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https://fraser.stlouisfed.org/title/6362/item/607739
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Bibliographic Information
Provider: Federal Reserve Bank of Dallas
Part of Series: Economic Letter
Publication Date: 2017-12
Volume: 12
Issue: 14
Pages: 1-4