Distributional impact of commodity price shocks: Australia over a century
This paper studies the distributional impact of commodity price shocks over the both the short and very long run. Using a GARCH model, we find that Australia experienced more volatility than many commodity exporting developing countries over the periods 1865-1940 and 1960-2007. A single equation err...
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Format: | Working paper |
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University of Oxford
2013
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