Placing the 2006/08 Commodity Price Boom into Perspective

The 2006-08 commodity price boom was one of the longest and broadest of the post-World War II period. Apart from strong and sustained economic growth, the recent boom was fueled by numerous factors, including low past investment in extractive commo...

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Bibliographic Details
Main Authors:	Baffes, John, Haniotis, Tassos
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	AGRICULTURAL COMMODITIES AGRICULTURAL COMMODITY AGRICULTURAL PRICE AGRICULTURAL PRICES APPROACH ASSET MANAGERS ASSET PRICES AVAILABILITY AVERAGE PRICE BACKBONE BANDWIDTH BARRELS PER DAY BARTER BUFFER STOCKS CENTRAL BANK CEREAL PRICES COFFEE PRICES COMMERCE COMMERCIAL ACTIVITY COMMERCIAL BANK COMMODITIES COMMODITY COMMODITY BOOM COMMODITY BOOMS COMMODITY EXCHANGES COMMODITY FUTURES COMMODITY INDEX COMMODITY MARKET COMMODITY MARKETS COMMODITY PRICE COMMODITY PRICE INDEX COMMODITY PRICE INDICES COMMODITY PRICES COMMODITY PRODUCERS COMMODITY SECTORS COMMODITY TRADING COTTON PRICES CRUDE OIL CRUDE OIL PRICE CURRENCY DEBT DEMAND GROWTH DEVELOPING COUNTRIES DEVELOPING COUNTRY DIVERSIFICATION BENEFITS DOMESTIC MARKETS ECONOMIC ACTIVITY ECONOMIC COOPERATION ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC DOWNTURN EFFICIENT MARKET EMERGING ECONOMIES ENERGY MARKETS ENERGY PRICE ENERGY PRICES ENVIRONMENTAL BENEFITS EQUILIBRIUM PRICE EQUITIES ETHANOL ETHANOL PRODUCTION EXCESS LIQUIDITY EXCHANGE MARKET EXCHANGE MARKETS EXCHANGE RATE EXCHANGE RATES EXPENDITURES FEEDSTOCK FEEDSTOCKS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL TRANSACTIONS FOOD COMMODITIES FOOD COMMODITY FOOD PRICE FOOD PRICES FOSSIL FOSSIL FUEL FOSSIL FUEL USE FUEL FUEL CONSUMPTION FUEL PRODUCTION FUND MANAGERS FUTURE PRICE FUTURES FUTURES CONTRACT FUTURES MARKET FUTURES MARKETS FUTURES TRADING GAS COMPANIES GASOLINE GASOLINE PRICES GLOBAL ECONOMIC PROSPECTS GLOBAL ECONOMY GLOBALIZATION GOVERNMENT INTERVENTION GOVERNMENT POLICIES GREENHOUSE GASES GROWTH RATES HEDGE FUND HEDGE FUNDS HEDGING HIGH ENERGY INTENSITY INCOME INCOMES INFLATION INSURANCE INTEREST RATE INTEREST RATES INTERNATIONAL COCOA AGREEMENT INTERNATIONAL COMMODITY AGREEMENTS INVENTORIES INVESTMENT PORTFOLIOS INVESTMENT VEHICLE INVESTMENT VEHICLES INVISIBLE HAND LIMITS TO GROWTH LIQUID ASSETS MANUFACTURING MARKET CONDITIONS MARKET DEVELOPMENTS MARKET EFFICIENCY MARKET FAILURE MARKET INEFFICIENCIES MARKET INTEGRATION MARKET MANIPULATION MARKET PRICE MARKET PRICES MARKET VOLATILITY MARKETING MONETARY POLICY NATURAL GAS NEW TECHNOLOGY NITROGEN NITROGEN FERTILIZER OIL MARKETS OIL PRICES OIL PRODUCTION OIL SHOCKS OIL SPILLS OILS OUTPUT OUTPUTS PDF PENSION PENSION FUNDS PETROLEUM PETROLEUM PRICES PORTFOLIO PORTFOLIOS PRICE BEHAVIOR PRICE CHANGES PRICE DISCOVERY PRICE FORECAST PRICE INCREASE PRICE INCREASES PRICE INDEX PRICE INDICES PRICE LEVELS PRICE MOVEMENTS PRICE OF OIL PRICE SERIES PRICE SPIKES PRICE STABILIZATION PRICE TRENDS PRICE VOLATILITY PRICES OF ENERGY PRIMARY COMMODITIES PRIMARY COMMODITY PRODUCTION OF ETHANOL PRODUCTIVITY PUBLIC POLICY R&D RAW MATERIALS REAL ESTATE RENEWABLE ENERGY RESULT RESULTS RETAIL SEARCH SECURITIES SECURITY CONCERNS SOYBEAN OIL SPECULATIVE BUBBLE SPOT PRICE SPREAD STOCKS STORAGE FACILITIES SUBSTITUTE SUPPLY SHOCKS TARGETS TIME PERIOD TRADING ACTIVITIES TRANSACTION TRANSMISSION USES VOLATILITY WEB WEBLOG WORLD ECONOMY WORLD MARKET WORLD TRADE
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100721110120 http://hdl.handle.net/10986/3855