By: Research Recap
August 18, 2009 at 16:45 PM EDT
Commodity Price Rises Suggest Monetary Policy Tightening
Excerpted from Commodities force re-think on growth If the post-2000 upturn in commodity prices marks the beginning of a secular upswing, a secular real appreciation in the currencies of middle-income manufacturers could ensue as they resist an erosion in their terms of trade — in part to bolster domestic consumption; and a renewed pricing power to [...]
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