Recent Publications on Commodities

The Currency-Plus-Commodity Basket: A Proposal for Exchange Rates in Oil-Exporting Countries to Accommodate Trade Shocks Automatically​” Short abstract. In: Institutions and Macroeconomic Policies in Resource-Rich Arab Economies, edited by  K. Mohaddes, J. Nugent,& H.Selim (Oxford University Press), 2019. AbstractHKS RWP17-034CID WP no  333. (Appendix: IMF Article IVs in Gulf countries.)  Summarized in Policy Brief No. 26, 2017, Economic Research Forum, Cairo.

How to Cope with Volatile Commodity Export Prices: Three Proposals” (pdf), 2018 in Natural Resources, Finance and Diversification: Diagnostics and Policies, edited by Rabah Arezki and Raouf Boucekkine (CEPR: London).  HKS RWP17-033CID WP 335, July 2017. 

Monetary Regimes to Cope with Volatile Commodity Export Prices: Two Proposals” (pdf), 2018 in Natural Resources, Finance and Diversification: Diagnostics and Policies, R.Arezki and R.Boucekkine, eds. (CEPR: London).

"Effects of Speculation and Interest Rates in a 'Carry Trade' Model of Commodity Prices," Journal of International Money and Financevol.42, April 2014, pp. 88-112.  HKS RWP13-022, 2013. HKS Summary.  NBER WP 19463.  Stata (data, do & log) files thanks to Marco Martinez, June 2013 (excl. proprietary Consensus Economics data).   Video 

See also: Commodities