Resumen

LOPEZ E, EDUARDO  y  PALOMEQUE S, LORENA. MISALIGNMENT OF COPPER PRICE: 2002-2009. RAE [online]. 2011, vol.26, n.1, pp. 83-105. ISSN 0718-8870.  doi: 10.4067/S0718-88702011000100004.

This paper analyzes copper price behavior during 2002-2009 while incorporating the role of fundamentals in its determination. The main conclusion is that fluctuations in the dollar, global demand and revisions to expectations about future prices are the main factors behind copper prices during that period. Purely financial factors seem to have a statistically significant impact only in the short term.

Palabras clave : Price of Copper; Global Demand; Error Correction Models.