Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/217292 
Year of Publication: 
2016
Citation: 
[Journal:] Central Bank Review (CBR) [ISSN:] 1303-0701 [Volume:] 16 [Issue:] 4 [Publisher:] Elsevier [Place:] Amsterdam [Year:] 2016 [Pages:] 137-142
Publisher: 
Elsevier, Amsterdam
Abstract: 
It is argued that business cycles have been moderating. However, there are a limited number of studies in the literature analyzing the cyclical behaviour of commodity prices in the last decades. This paper attempts to fill this gap by investigating the super-cycles in oil prices. In addition, interdependence between cycles in GDP and oil prices and co-movements between cycles in oil and other commodity prices are investigated. Results show that super-cycles in oil prices still exist and are not moderating. The last peak in long-term oil price was observed in 2012 and since then it has been on a downward trend.
Subjects: 
Super-cycles
Commodity prices
Band-pass filters
JEL: 
C22
E32
Q02
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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