Contents

pp v-viii

List of figures

pp ix-x

List of tables

pp xi-xii

Preface

pp xiii-xiv

List of conference participants

pp xv-xvi

1 - Primary commodity prices: an introduction to the major policy and modelling challenges

pp 1-18

I - ECONOMETRIC ANALYSES

pp 19-20

2 - Estimation of dynamic disequilibrium models with rational expectations: the case of commodity markets

pp 21-43

3 - Modelling expectations formation in primary commodity markets

pp 44-71

4 - The prices of perennial crops: the role of rational expectations and commodity stocks

pp 72-102

II - SECTORAL STUDIES: FOODS, MATERIALS AND ENERGY

pp 103-104

5 - Modelling the interactive effects of alternative sets of policies on agricultural prices

pp 105-133

6 - Price determination in the market for aluminium

pp 134-156

7 - Long-run factors in oil price formation

pp 157-180

III - STABILIZATION SCHEMES

pp 181-182

8 - The role of futures markets as stabilizers of commodity earnings

pp 183-212

9 - Primary commodity prices and exchange-rate volatility

pp 213-239

10 - Commodity policy: price stabilization versus financing

pp 240-304

Index

pp 305-310