Primary Commodity Prices: Economic Models and Policy Book

List of figures; List of tables; Preface; List of conference participants;

1. Primary commodity prices: an introduction to the major policy and modelling challenges L. Alan Winters and David Sapsford;

Part I. Econometric Analysis:
2. Estimation of dynamic disequilibrium models with rational expectations: the case of commodity markets G. S. Maddala;
3. Modelling expectations formation in primary commodity markets Christopher L. Gilbert and Theodosios B. Palaskas;
4. The prices of perennial crops: the role of rational expectations and commodity stocks Pravin K. Trivedi;

Part II. Sectoral Studies: Foods, Materials and Energy:
5. Modelling the interactive effects of alternative sets of policies on agricultural prices Richard E. Just;
6. Price determination in the market for aluminium Anthony Bird;
7. Long-run factors in oil price formation Marian Radetzki;

Part III. Stabilization Schemes:
8. The role of future markets as stabilizers of commodity earnings Andrew J. Hughes Hallett and Prathap Ramanujam;
9. Primary commodity prices and exchange-rate volatility Paul Kofman, Jean Marie Viaene and Casper G. de Vries;
10. Commodity policy: price stabilization versus financing Roland Herrmann, Kees Burger and Hidde P. Smit; Index.