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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Bibliographic Details
Main Authors: Bhattacharyya, S, Williamson, J
Format: Working paper
Published: University of Oxford 2013