The Transmission of Commodity Price Super-Cycles
NBER Working Paper No. 24560
---- Acknowledgments ----
This paper was previously circulated under the title "Commodity Shocks, Firm-level Responses and Labor Market Dynamics." We are thankful to the seminar participants at the NBER Summer Institute 2017 (IFM), in particular to our discussant Philippe Martin. We also thank the seminar participants at the 2017 Meetings of the Society of Economic Dynamics, 2017 WEA meetings, Boston College, University of Illinois at Urbana-Champaign, University of Houston, University of Rochester, Indiana University, University of Kentucky, Federal Reserve Bank of New York, Drexel University and Federal Reserve Bank of Philadelphia Conference on Credit Markets and the Macroeconomy, Federal Reserve Bank of Dallas, IMF, Bank of Spain, Central Bank of Chile, and Small Business Administration. We benefited from comments and suggestions from George Alessandria, Boragan Aruoba, Javier Bianchi, Andres Fernandez, Sebnem Kalemli-Ozcan, Eunhee Lee, Julian Messina, Nuno Limao, Liliana Varela, Marcelo Veracierto and Kei-Mu Yi. We thank the Brazilian Labor Ministry (MTE) for data access. We recognize excellent research assistance by Camila Galindo, Karam Jo and Rodrigo Heresi. All mistakes are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.