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

2015-11-09

Authors

Ojeda-Joya, Jair N.
Jaulín-Méndez, Oscar Fernando
Bustos-Peláez, Juan C.

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ISSN

ISBN

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

Description

JEL Codes

C22 - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion processes
Q02 - Commodity Markets
E32 - Business Fluctuations; Cycles

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Keywords

Keywords

Medium-term cycles , Commodity prices , Frequency domain , Super cycles

Citation

URI

https://repositorio.banrep.gov.co/handle/20.500.12134/6224
 https://hdl.handle.net/20.500.12134/6224
 https://ideas.repec.org/p/bdr/borrec/913.html
 https://doi.org/10.32468/be.913

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