01971cas a2200265 a 4500 AALejournalIMF011423 230101c9999 xx r poo 0 0eng d 5.00 USD 9781463925963 1018-5941 BD-DhAAL BD-DhAAL Arezki, Rabah. The Relative Volatility of Commodity Prices : A Reappraisal / Rabah Arezki, Daniel Lederman, Hongyan Zhao. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (23 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper studies the volatility of commodity prices on the basis of a large dataset of monthly prices observed in international trade data from the United States over the period 2002 to 2011. The conventional wisdom in academia and policy circles is that primary commodity prices are more volatile than those of manufactured products, even though most of the existing evidence does not actually attempt to measure the volatility of prices of individual goods or commodities. Rather the literature tends to focus on trends in the evolution and volatility of ratios of price indexes composed of multiple commodities and products. This approach can be misleading. Indeed, the evidence presented in this paper suggests that on average prices of individual primary commodities may be less volatile than those of individual manufactured goods. Mode of access: Internet Lederman, Daniel. Zhao, Hongyan. IMF Working Papers; Working Paper ; No. 2011/279 Full text available on IMF http://elibrary.imf.org/view/journals/001/2011/279/001.2011.issue-279-en.xml IMF e-Library