Found 3 article(s) for author 'Commodity Market'

Four Proposals to Help Commodity Exporters Cope with Price Volatility

Four Proposals to Help Commodity Exporters Cope with Price Volatility. Jeffrey Frankel, October 17, 2017, Paper, “Financial markets have done little, if anything, to moderate the impact of commodity price volatility on the exporting countries. This column reviews four proposals to make exporters less vulnerable to volatility – two attempts at appropriate financial engineering, and two attempts at countercyclical macroeconomic policy. One in each category is tried and tested; the other two have hardly been tried.Link

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Anticipation, Tax Avoidance, and the Price Elasticity of Gasoline Demand

Anticipation, Tax Avoidance, and the Price Elasticity of Gasoline Demand. John Coglianese, James Stock, February 2017, Paper, “Traditional least squares estimates of the responsiveness of gasoline consumption to changes in gasoline prices are biased toward zero, given the endogeneity of gasoline prices. A seemingly natural solution to this problem is to instrument for gasoline prices using gasoline taxes, but this approach tends to yield implausibly large price elasticities. We demonstrate that anticipatory behavior provides an important explanation for this result. We provide evidence that gasoline buyers increase gasoline purchases before tax increases and delay gasoline purchases before tax decreases.Link

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Marc Rich and Global Commodity Trading

Marc Rich and Global Commodity Trading. Geoffery G. Jones, March 2014, Case. “Examines the career of Marc Rich, the world’s leading commodity trader before his criminal indictment in the United States in 1983. The case surveys the historical growth of commodity trading, especially in metals, from the late nineteenth century, and its evolving forms as governments intervened in markets after 1945. Rich joined Philipp Brothers, then the largest commodity trader, in 1954. He formed his own firm two decades later…” May require purchase or user account. Link Verified October 11, 2014

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