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This book reports the proceedings of a major international conference on 'Primary Commodity Prices: Economic Models and Policy'.
List of contents
List of figures; List of tables; Preface; List of conference participants; 1. Primary commodity prices: an introduction to the major policy and modelling challenges L. Alan Winters and David Sapsford; Part I. Econometric Analysis: 2. Estimation of dynamic disequilibrium models with rational expectations: the case of commodity markets G. S. Maddala; 3. Modelling expectations formation in primary commodity markets Christopher L. Gilbert and Theodosios B. Palaskas; 4. The prices of perennial crops: the role of rational expectations and commodity stocks Pravin K. Trivedi; Part II. Sectoral Studies: Foods, Materials and Energy: 5. Modelling the interactive effects of alternative sets of policies on agricultural prices Richard E. Just; 6. Price determination in the market for aluminium Anthony Bird; 7. Long-run factors in oil price formation Marian Radetzki; Part III. Stabilization Schemes: 8. The role of future markets as stabilizers of commodity earnings Andrew J. Hughes Hallett and Prathap Ramanujam; 9. Primary commodity prices and exchange-rate volatility Paul Kofman, Jean Marie Viaene and Casper G. de Vries; 10. Commodity policy: price stabilization versus financing Roland Herrmann, Kees Burger and Hidde P. Smit; Index.
Summary
This book reports the proceedings of a major international conference on 'Primary Commodity Prices: Economic Models and Policy', held in London under the auspices of the Centre for Economic Policy Research in March 1989. A range of papers by leading international authorities cover various topics.
