Project Syndicate
August 23, 2022
HKS Authors
See citation below for complete author information.
James W. Harpel Professor of Capital Formation and Growth
Abstract
Real interest rates appear to be on a firm upward trend, because nominal interest rates will rise and inflation will fall. Together with decelerating global growth, that could mean that the recent decline in the real prices of oil, minerals, and agricultural products will persist.
Citation
Frankel, Jeffrey A. "Why Commodity Prices Are Likely to Fall Further." Project Syndicate, August 23, 2022.