Author(s): Amadou Sy , Rabah Arezki , and Thorvaldur Gylfason
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 19 January 2012
Keywords: natural resource, copper, inflation, commodity prices
THE PROBLEM OF PROCYCLICALITY Countries dependent on exports of oil, minerals, and other primary commodities tend to have pronounced economic cycles. Although this cyclical variabili...