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Commodity Prices in Empirical Research

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Recent Econometric Techniques for Macroeconomic and Financial Data

Part of the book series: Dynamic Modeling and Econometrics in Economics and Finance ((DMEF,volume 27))

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Abstract

Commodity prices are key ingredients in many economic theories. We pick three of them (Prebisch–Singer hypothesis, commodity currencies, financialization of commodity markets) and give a critical view on the empirical challenges faced by practitioners, including measurement inconsistencies, endogeneity concerns, time series properties, and empirical design.

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Notes

  1. 1.

    This section borrows from the primer on real effective exchange rates of Chinn (2006).

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Authors and Affiliations

  1. Aix-Marseille School of Economics, Marseille, France

    Jean-François Carpantier

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  1. Jean-François Carpantier
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Correspondence to Jean-François Carpantier .

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  1. Aix-Marseille University, Marseille, France

    Gilles Dufrénot

  2. Osaka Gakuin University, Osaka, Japan

    Takashi Matsuki

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Carpantier, JF. (2021). Commodity Prices in Empirical Research. In: Dufrénot, G., Matsuki, T. (eds) Recent Econometric Techniques for Macroeconomic and Financial Data. Dynamic Modeling and Econometrics in Economics and Finance, vol 27. Springer, Cham. https://doi.org/10.1007/978-3-030-54252-8_8

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