Description

We compile a historical dataset covering nearly 40 years of booms and busts in the commodity terms of trade of over 150 countries. We discuss the characteristics of these events and their effects on macroeconomic performance and, in particular, compare the most recent commodity-price cycle with its historical precedents.

Taxonomy

Balance of trade , Business cycles , Commodities , Economic development , International trade

More publications in this series: Working Papers

More publications by: Irina Tytell ; Nikola Spatafora