IMF paper: commodity prices are largely demand-driven
Working paper explores systemic risk, aggregate demand and commodity prices
The bulk of commodity prices "may be demand driven" despite a common emphasis on supply, according to a working paper published by the International Monetary Fund on July 20.
In Systemic risk, aggregate demand and commodity prices, Javier Gómez‐Pineda, Dominique Guillaume and Kadir Tanyeri presents a global model with systemic and country risks.
One of their conclusions is that commodity prices, particularly the price of oil, are demand driven, while the authors suggest a "similar conclusion"
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