Vox is a wonderful web site I found today full of interesting analysis and comments by some of the World’s top economists. I was happy to see that my alma matter is very well represented by Olivier Blanchard, Giuseppe Bertola,  Jeffrey Frankel, and others.

If you are paying particular attention to the explosive rise of commodity prices (see graph below), take a few minutes to read the articles written by Guillermo Calvo – Exploding commodity prices, lax monetary policy, and sovereign wealth funds – and by Jeffrey Frankel – An Explanation for Soaring Commodity Prices. They both suggest that commodity prices are not increasing simply because of soaring demand from China, India, and other fast-growing economies.