Commodity Prices and Markets

Commodity Prices and Markets, edited by Takatoshi Ito and Andrew K. Rose, is currently available from the University of Chicago Press for $99.00. This is the twentieth volume in the NBER's East Asia Seminar on Economics series.

Commodity Prices and Markets helps us to understand the consequences of fluctuations in commodity prices, including the price of oil, and provides both a general analysis and a particular focus on the countries of the Pacific Rim. The volume addresses three subjects in particular: the difficulties in forecasting commodity prices; the effects of commodity price shocks on the domestic economy; and the relationship between price shocks and monetary policy.

Ito and Rose are both Research Associates in the NBER's Program on International Finance and Macroeconomics. Ito is also a professor of economics at the University of Tokyo and Rose is a professor of economic analysis and policy at the University of California, Berkeley's Haas School of Business.