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Seminars & Symposiums

International Public Policy (IPP) Workshop

2015-2-5 (Thu) 4:20 p.m. - 5:50 p.m.

The Osaka School of International Public Policy (OSIPP) holds International Public Policy (IPP) workshops on an occasional basis to assist exchange among researchers at Osaka University and other institutions. This workshop aims for researchers, practitioners, and students who are interested in international public policies to present their research achievements, discuss freely, and show possible alternative policies, thereby contributing to the formulation of better policies and putting them into practice. This workshop is authoritative, but not authoritarian. Faculty, staff, and undergraduate students at Osaka University are cordially welcome.

The workshop will be held in accordance with the schedule noted below.
Date & Time: Thursday, February 5, 2015, 16:20-17:50
Venue: Lecture Theater, 2nd floor, Osaka School of International Public Policy Building, Osaka University
Lecturer: OKIMOTO Tatsuyoshi
Lecture title: Increasing Trends in the Excess Comovement of Commodity Prices
Outline of the lecture:

We investigate whether and how excess comovement of commodity returns has changed over the period 1983-2011. Using the STDCC model, we find that significant increasing long-run trends in excess comovement have appeared since around 2000. We confirm that these increasing trends are not caused just by the recent financial crisis or the changes in sensitivities to common macroeconomic shocks. Moreover, we find no significant increasing trends among off-index commodity returns and small effects of global demand on increasing trends in excess comovement. These findings provide additional evidence for the timing and scope of the recent increasing commodity- return correlations.
This workshop will be conducted in English.
In cooperation with: IPP Study Group, "Economic Analysis of Human Resource Allocation"
For more information, contact:

Takii Lab.

Email: 602sec* (When using this address, please replace * with @.)

Date: 2015-2-5 (Thu) 4:20 p.m. - 5:50 p.m.
Registration: Not necessary.

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