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Primary Commodity Prices : Economic Models and Policy - David  Sapsford

Primary Commodity Prices

Economic Models and Policy

By: David Sapsford (Editor), L. Alan Winters (Editor)

Hardcover | 7 May 1990

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Commodity markets are of considerable interest and importance to economists, econometricians and dealers. 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 covers topics such as expectations formation in econometric commodity market models; price determination in the market for aluminium; the estimation of dynamic disequilibrium models with rational expectations; the prices of perennial crops; modelling the effects of foreign and domestic policies on agricultural prices; exchange-rate volatility and petroleum prices; price stabilization versus financing in commodity policy; and a comparison of forward markets and buffer stocks as commodity earnings stabilizers. A key feature of this stock is its development of the policy implications of recent theoretical and empirical work in the field of commodity economics. Most papers are accompanied by discussant' comments to draw out their technical and policy implications, and the editors volume provides a combination of technical excellence and explicit policy analysis unrivalled in terms of both analytical quality and relevance. The book's readership will include commodity economists, commodity market practitioners and policy analysis, as well as both professionals and advanced students interested in the fields of applied econometrics, economic development and international trade.

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