Commodity Terms of Trade: The History of Booms and Busts
We compile a historical dataset covering nearly 40 years of booms and busts in the commodity terms of trade of over 150 countries. We discuss the characteristics of these events and their effects on macroeconomic performance and, in particular, compare the most recent commodity-price cycle with its historical precedents.
Volume/Issue:
Volume 2009
Issue 205
Publication date: September 2009
ISBN: 9781451873528
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Business and Economics , Economics- Macroeconomics , WP , price , terms of trade , dating procedure
Summary
We compile a historical dataset covering nearly 40 years of booms and busts in the commodity terms of trade of over 150 countries. We discuss the characteristics of these events and their effects on macroeconomic performance and, in particular, compare the most recent commodity-price cycle with its historical precedents.
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