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The Transmission of Commodity Price Super-Cycles

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NBER2018-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w24560
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资源简介:
We examine two key channels through which commodity price super-cycles aect the economy: a wealth channel, through which higher commodity prices increase domestic demand, and a cost channel, through which they induce wage increases. By exploiting regional variation in exposure to commodity price
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2018-04-01
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