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  • Commodity Price Cycles : Commonalities, Heterogeneities, and Drivers (Inglés)

    This paper studies commodity price cycles and their underlying drivers using a dynamic factor model. The study employs a sample of 39 monthly commodity prices over 1970:01 to 2019:12. The analysis identifies...

    Tipo de documento: Documento de trabajo sobre investigaciones relativas a políticas Número del informe: WPS10401 Fecha del documento: 11 de abril de 2023 Tipo de divulgación: Disclosed Autor: Kabundi,Alain Ntumba,Zahid,Hamza

  • Africa’s Pulse, No. 26, October 2022 : An Analysis of Issues Shaping Africa’s Economic Future (Inglés)

    Consistent with rising poverty rates, inequality within countries in the region has widened with rising fuel and food prices exacerbated by the war in Ukraine. The economic divide between the rich and...

    Tipo de documento: Publicación Número del informe: 176598 Fecha del documento: 6 de octubre de 2022 Tipo de divulgación: Disclosed Autor: Dabalen,Andrew L.,Calderon,Cesar,Kabundi,Alain Ntumba,Kubota,Megumi,Korman,Vijdan,Goyal,Aparajita,Eliste,Paavo,Forget,Vanina Daphne


  • Drivers of Food Price Inflation in Turkey (Inglés)

    Food price inflation has increased persistently in recent years in Turkey with a widening divergence from international food price inflation. The study analyzes the main inefficiencies in the Turkish agricultural...

    Tipo de documento: Informe Número del informe: 171802 Fecha del documento: 24 de mayo de 2022 Tipo de divulgación: Disclosed Autor: Schroeder,Kateryna Goychuk,Alver,Mustafa Ugur,Baffes,John,Kabundi,Alain Ntumba,Schmitt,Ulrich K. H. M.,Tuchschneider,David,Yasar,Pinar


  • Africa’s Pulse, No. 25, April 2022 : An Analysis of Issues Shaping Africa’s Economic Future (Inglés)

    The growth recovery of the global economy is losing steam as it faces a series of new, multiple, and covariate shocks. As economies started lifting coronavirus constraints, pent-up demand and constrained...

    Tipo de documento: Publicación Número del informe: 171184 Fecha del documento: 31 de marzo de 2022 Tipo de divulgación: Disclosed Autor: Zeufack,Albert G.,Calderon,Cesar,Kabundi,Alain Ntumba,Kubota,Megumi,Korman,Vijdan

  • Africa’s Pulse, No. 24, October 2021 : An Analysis of Issues Shaping Africa’s Economic Future (Vol. 1 of 2) (Inglés)

    In 2021, Sub-Saharan Africa emerged from the recession, but its recovery is still timid and fragile. The region is projected to grow at a rate of 3.3 percent, a weaker pace of recovery than that of advanced...

    Tipo de documento: Publicación Número del informe: 164870 Fecha del documento: 18 de octubre de 2021 Tipo de divulgación: Disclosed Autor: Ghanem,Hafez,Diagana,Ousmane,Zeufack,Albert G.,Calderon,Cesar,Kabundi,Alain Ntumba,Kubota,Megumi,Korman,Vijdan,Cantu Canales,Martha Catalina

  • Commodity Price Shocks : Order within Chaos ? (Inglés)

    The prices of 27 internationally traded commodities are decomposed into transitory and permanent shocks by applying an ideal band-pass filter to monthly data from 1970–2020. The two types of shocks contributed...

    Tipo de documento: Documento de trabajo sobre investigaciones relativas a políticas Número del informe: WPS9792 Fecha del documento: 4 de octubre de 2021 Tipo de divulgación: Disclosed Autor: Baffes,John,Kabundi,Alain Ntumba



  • Global Economic Prospects, June 2021 (Inglés)

    The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major...

    Tipo de documento: Publicación Número del informe: 160157 Fecha del documento: 1 de junio de 2021 Tipo de divulgación: Disclosed Autor: Baffes,John,Guenette,Justin Damien,Ha,Jongrim,Inami,Osamu,Kabundi,Alain Ntumba,Kasyanenko,Sergiy,Kilic Celik,Sinem,Kindberg-Hanlon,Gene,Kirby,Patrick Alexander,Nagle,Peter Stephen Oliver,Okou,Cedric Iltis Finafa,Quaglietti,Lucia,Ruch,Franz Ulrich,Sugawara,Naotaka,Vashakmadze,Ekaterine T.,Vorisek,Dana Lauren,Wheeler,Collette Mari,Yamazaki,Takefumi

  • Global Economic Prospects, January 2021 (Inglés)

    Although the global economy is emerging from the collapse triggered by COVID-19, the recovery is likely to be subdued, and global GDP is projected to remain well below its pre-pandemic trend for a prolonged...

    Tipo de documento: Publicación Número del informe: 155531 Fecha del documento: 1 de enero de 2021 Tipo de divulgación: Disclosed Autor: Baffes,John,Guenette,Justin Damien,Ha,Jongrim,Inami,Osamu,Kabundi,Alain Ntumba,Kasyanenko,Sergiy,Kilic Celik,Sinem,Kindberg-Hanlon,Gene,Kirby,Patrick Alexander,Matsuoka,Hideaki,Nagle,Peter Stephen Oliver,Okawa,Yohei,Okou,Cedric Iltis Finafa,Ruch,Franz Ulrich,Steinbach,Max Rudibert,Sugawara,Naotaka,Vashakmadze,Ekaterine T.,Vorisek,Dana Lauren,Wheeler,Collette Mari,Yamazaki,Takefumi,Ye,Lei Sandy

  • Implications of Cheap Oil for Emerging Markets (Inglés)

    The COVID-19-triggered collapse in oil prices in March and April 2020 was the seventh, and by far the most severe, in a series of such collapses since 1970. This paper, first, compares this most recent...

    Tipo de documento: Documento de trabajo sobre investigaciones relativas a políticas Número del informe: WPS9403 Fecha del documento: 21 de septiembre de 2020 Tipo de divulgación: Disclosed Autor: Kabundi,Alain Ntumba,Ohnsorge,Franziska Lieselotte

  • Adding Fuel to the Fire : Cheap Oil during the COVID-19 Pandemic (Inglés)

    The outbreak of COVID-19 and the wide-ranging measures needed to slow its advance triggered an unprecedented collapse in oil demand, a surge in oil inventories, and a record one-month decline in oil prices...

    Tipo de documento: Documento de trabajo sobre investigaciones relativas a políticas Número del informe: WPS9320 Fecha del documento: 13 de julio de 2020 Tipo de divulgación: Disclosed Autor: Wheeler,Collette Mari,Baffes,John,Kabundi,Alain Ntumba,Kindberg-Hanlon,Gene,Nagle,Peter Stephen Oliver,Ohnsorge,Franziska Lieselotte

  • Global Economic Prospects : June 2020 (Inglés)

    The COVID-19 pandemic has, with alarming speed, dealt a heavy blow to an already-weak global economy, which is expected to slide into its deepest recession since the second world war, despite unprecedented...

    Tipo de documento: Publicación Número del informe: 149319 Fecha del documento: 8 de junio de 2020 Tipo de divulgación: Disclosed Autor: Baffes,John,Dieppe,Alistair Matthew,Guenette,Justin Damien,Kabundi,Alain Ntumba,Kasyanenko,Sergiy,Kilic Celik,Sinem,Kindberg-Hanlon,Gene,Kirby,Patrick Alexander,Maliszewska,Maryla,Matsuoka,Hideaki,Nagle,Peter Stephen Oliver,Okawa, Yoki,Okou,Cedric Iltis Finafa,Ruch,Franz Ulrich,Steinbach,Max Rudibert,Sugawara,Naotaka,Vashakmadze,Ekaterine T.,Vorisek,Dana Lauren,Wheeler,Collette Mari,Ye,Lei Sandy,Yu, Shu

  • The Role of Income and Substitution in Commodity Demand (Inglés)

    This paper presents estimates of time-varying income elasticities of demand for energy and metal commodities. The analysis finds that the elasticities are close to unity, evaluated at world median per...

    Tipo de documento: Documento de trabajo sobre investigaciones relativas a políticas Número del informe: WPS9122 Fecha del documento: 23 de enero de 2020 Tipo de divulgación: Disclosed Autor: Baffes,John,Kabundi,Alain Ntumba,Nagle,Peter Stephen Oliver

  • The role of major emerging markets in global commodity demand (Inglés)

    Rapid growth among the major emerging markets over the past 20 years has boosted global demand for commodities. The seven largest emerging markets accounted for almost all the increase in global consumption...

    Tipo de documento: Documento de trabajo sobre investigaciones relativas a políticas Número del informe: WPS8495 Fecha del documento: 26 de junio de 2018 Tipo de divulgación: Disclosed Autor: Baffes,John,Kabundi,Alain Ntumba,Nagle,Peter Stephen Oliver,Ohnsorge,Franziska Lieselotte

  • Global Economic Prospects, June 2018 : The Turning of the Tide? (Vol. 2) : Overview (Inglés)

    Published semiannually, Global Economic Prospects includes analysis of topical policy challenges faced by developing countries. Global activity is firming broadly as expected. Manufacturing and trade are...

    Tipo de documento: Publicación Número del informe: 158313 Fecha del documento: 1 de junio de 2018 Tipo de divulgación: Disclosed Autor: Arteta,Carlos,Stocker,Marc,Kirby,Patrick Alexander,Vashakmadze,Ekaterine T.,Wheeler,Collette Mari,Baffes,John,Kabundi,Alain Ntumba,Kambou,Gerard,Kim,Eung Ju,Lakatos,Csilla,Nagle,Peter Stephen Oliver,Vorisek,Dana Lauren