The interdependence between commodity-price and GDP cycles : a frequency domain approach

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Borradores de Economía; No. 913
Date published
2015-11-09
Date of last update
2015-11-09
Author
Ojeda-Joya, Jair N.
Jaulín-Méndez, Oscar Fernando
Bustos-Peláez, Juan C.
Document language
spa
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Abstract
We study the interdependence between real commodity prices and world real GDP using long-term annual data since 1870, by performing two empirical exercises. First, we compute long-term and medium-term cycles and measure their degree of synchronization for
JEL Codes
C22 - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion processesQ02 - Commodity MarketsE32 - Business Fluctuations; Cycles
Keywords
Medium-term cycles ; Commodity prices ; Frequency domain ; Super cycles ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/6224
https://hdl.handle.net/20.500.12134/6224
https://doi.org/10.32468/be.913
https://ideas.repec.org/p/bdr/borrec/913.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit