Research questions whether Asia development has permanent effect on long-run price of commodities

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Reserve Bank of Australia Building

A Reserve Bank of Australia paper reveals that developments in Asia has had a significant effect on the level of commodity prices, but the increase was smaller than first thought.

Development in Asia had a significant effect on the long-run price of commodities exports from Australia between 2003 and 2013, according to a discussion paper published by the RBA this week.

In Unprecedented changes in the terms of trade, Mariano Kulish and Daniel Rees attempt to estimate the permanent change in the

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