It is striking how often countries with oil or other natural resource wealth have failed to show
better economic per for mance than those without. This is the phenomenon known as the …

Oil, minerals, and agricultural resources can bring great riches to those who possess them.
Yet countries that are abundantly endowed with such natural resources often encounter …

The 2006-08 commodity price boom was one of the longest and broadest of the post-World
War II period. Apart from strong and sustained economic growth, the recent boom was fueled …

The behavior of commodities is critical for developing and developed countries alike. This
paper contributes to the empirical evidence on the co-movement and determinants of …

" The question of how to treat commodity production and how to manage recurrent cycles of
booms and busts has always been a challenge for policymakers in commodity-dependent …

We explore the short-run forecasting problem at horizons of 1, 5, 10, 15, and 20 days for
three forecasting periods within one year for the Chinese stock index from April 16, 2010, the …

Historically, many countries have suffered a pattern of procyclical fiscal policy: spending too
much in booms and then forced to cut back in recessions. This problem has especially …

We examine the forecasting problem in a data set of daily corn cash prices from seven
states: Iowa, Illinois, Indiana, Ohio, Minnesota, Nebraska, and Kansas. We assess thirty …

This chapter deals with international policy issues relevant to world price volatility in basic
foodstuffs, particularly the extent to which multilateral trade rules are conducive to an …

This study proposes a new unit root test that allows for structural breaks in both the intercept
and the slope, and adopts the residual augmented least squares (RALS) procedure to gain …