Sharing a ride on the commodities roller coaster : common factors in business cycles of emerging economies

Borradores de Economia
Number: 
915
DOI: 
http://doi.org/10.32468/be.915
Published: 
Classification JEL: 
E32, F41, F44
Download document

The most recent

Demographic Change and Its Economic Implications for Colombia
Juliana Jaramillo-Echeverri, Karina Acosta, Olga Lucia Acosta Navarro, Oscar Iván Ávila-Montealegre, Jhorland Ayala-García, Jaime Bonet-Morón, Jesus Botero, Luz A. Flórez, Daniela Gallo, Luis Armando Galvis-Aponte, Karelys Guzmán-Finol, Eduardo A. Haddad, Ana María Iregui-Bohórquez, David Camilo López-Valenzuela, Ligia Alba Melo-Becerra, Juan J. Ospina-Tejeiro, Andrea Otero-Cortés, Julian A. Parra-Polania, Gerson Javier Pérez-Valbuena, José Pulido, María Teresa Ramírez-Giraldo, Mario A. Ramos-Veloza, Charles Rahal, Jorge Leonardo Rodríguez-Arenas, Shadia Zardibia
Collateralized Liquidity Interest Rate: A New Measure of the Overnight Price of Money
Miguel Felipe Vanegas-Vanegas
Heterogeneous Effects of Weather Shocks on Food Prices in a Country with Diverse Agriculture
Camilo Bohorquez-Penuela, Leonardo Bonilla-Mejía, Anabelle Couleau, Alexánder Almeida

Fluctuations in commodity prices are an important driver of business cycles in small emerging market economies (EMEs). We document how these fluctuations correlate strongly with the business cycle in EMEs. We then embed a commodity sector into a multi-co