Arezki, R., Loungani, P., van der Ploeg, R. and Venables, AnthonyJ. (2014). Understanding international commodity price fluctuations Journal of International Money and Finance, 42:1--8.
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Affiliated author
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Publication year2014
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JournalJournal of International Money and Finance
An overview is provided of recent work on commodity prices, focusing on three themes: (i) 'financialization' of commodity markets--commodities being considered by financial investors as a distinct asset class, (ii) trends and forecasts of commodity prices, and (iii) fracking-a shorthand for the emergence of new sources of energy supply. Lessons are drawn on the role of fundamentals and expectations in driving the rapidly changing nature of commodity markets.