Demand Shocks Fuel Commodity Price Booms and Busts
研究发现，快速工业化带来的需求冲击在历史上一直推动大宗商品价格暴涨，当工业化放缓且供给跟上后，大约10年后价格暴跌。基于1870-2013年12种大宗商品的价格和产量数据。
Demand shocks due to rapid industrialization have driven commodity price booms throughout history. As periods of industrialization lose steam and supply catches up, busts follow after about 10 years. A new dataset of price and production levels of 12 commodities provides evidence of this behavior from 1870 to 2013.