Commodity prices are very persistent. A boom is always followed by a bust, and after a slump, a boom comes along. This column reviews some basic aspects of commodity theory and their role in the last boom. Finally, it presents arguments stating that lower commodity prices are here to stay for a while. We may have to wait many years for the next boom to come along.
Most Read
Vox eBooks
Events
-
22 - 25 September 2019 / University of Leipzig / Verein fuer Socialpolitik e.V.
-
23 - 25 September 2019 / Florence, Italy / Florence School of Banking and Finance, European University Institute
-
26 - 27 September 2019 / Rome / Banca d'Italia
-
9 - 11 October 2019 / Florence, Italy / Florence School of Banking and Finance, European University Institute
-
17 - 18 October 2019 / Florence, Italy / Florence School of Banking and Finance, European University Institute
