Bibliography on Disequilibrium in Commodity Markets

摘要

The bibliography is divided into four sections--Section I concerns disequilibrium theory and its applications. Although disequilibrium adjustments in commodity markets relate to microeconomic phenomena, much of the literature has been developed concerning macroeconomic phenomena and these studies are strongly represented. Certain aspects of disequilibrium adjustment involve cyclical processes and their dynamic interpretation; Section II addresses this literature, much of which refers to longer run adjustments involving investment behavior. Section III surveys analytical methods suitable for examining and testing disequilibrium theory. Some of these methods relate to past approaches involving cyclical and spectral analysis, while others relate to more recent approaches involving the estimation of disequilibrium systems. Section IV covers relevant literature on the application of theory and methods to the copper market.