Now showing items 1-1 of 1

  • Explaining the Persistence of Commodity Prices 

    Ng, Serena; Ruge-Murcia, Francisco (Université de Montréal. Département de sciences économiques., 1997)
    This paper extends the Competitive Storage Model by incorporating prominent features of the production process and financial markets. A major limitation of this basic model is that it cannot successfully explain the degree of serial correlation observed ...