Martin Stuermer

Last Updated: October 21, 2021

Martin Stuermer

I am an Economist in the Research Department (Commodities Unit). My research interests are macroeconomics with a focus on energy, commodities, and natural resources. I study the fluctuations and trends in energy, metals and agricultural commodity markets from a long-run perspective. I am also interested in their interaction with economic growth, climate change and the energy transition. In my position at the IMF I work on the energy transition, in particular its implications on metals markets. I hold a PhD economics from the University of Bonn and worked for the Federal Reserve Bank of Dallas from 2014 to 2021.

Email: MStuermer@imf.org

Personal WebPage: https://sites.google.com/site/mstuermer1/

Fluent In: French, German.

Field of Expertise:

Economic Modeling

Energy and Environmental Economics

International Macroeconomics

Publications in Journals (Refereed)

Dry Bulk Shipping and the Evolution of Maritime Transport Costs, 1850-2020 (with David Jacks) (2021) Australian Economic History Review, 61(2): 204-227.

What Drives Commodity Price Booms and Busts? (with David Jacks) (2020) Energy Economics, 85:104035.

150 Years of Boom and Bust: What Drives Mineral Commodity Prices? (2018) Macroeconomic Dynamics, Vol. 22:3, pp. 702-717 .

Industrialization and the Demand for Mineral Commodities (2017) Journal of International Money and Finance, Vol. 76, pp. 16-27.

Publications in Books and Conference Volumes

“An Overview of Geological Resources in Sub-Saharan Africa: Potential and Opportunities for Tax Revenue from the Extractive Sector.” (with P. Buchholz) in: Runge, J. and Shikwati, J. (Eds.): Geological Resources and Good Governance in Sub-Saharan Africa: Holistic Approaches to Transparency and Sustainable Development in the Extractive Sector. Routledge Chapman & Hall, London, 2011.

“Grameen Shakti: An Alternative Approach to Financing Energy in Rural Bangladesh.” (with N. Kebir, D. Philipp, J. Scheffran) in: Finger, M., von Weizsaecker, E.U., and Young, O. (Eds.): Limits to Privatization. When a Solution Becomes a Problem: A Report to the Club of Rome. Earthscan, London, 2005.

Other Published Materials

“Central Bankers Need to Take Note of Transition to Clean Energy.” (with S. Howard) Dallas Fed Economics, 2021.

“Falling Oil Prices Drag Down U.S. Business Investment.” (with G. Golding and J. Thompson) Dallas Fed Economics, 2020.

“A Tale of Boom and Bust. What Drives Dry Bulk Freight Rates?” (with D. Jacks) Dallas Fed Economics, 2021.

“Solving a Puzzle: More Nonrenewable Resources Without Higher Prices.” (with S. Howard) Dallas Fed Economics, 2019.

“OPEC Extends Cuts, Opening Door for U.S. to Gain Further Market Share.” (with G. Strickler) Dallas Fed Quarterly Energy Update, 2017.

“Demand Shocks Fuel Commodity Price Booms and Busts.” Dallas Fed Economic Letter, Vol. 12, No. 14, 2017.

“OPEC Reloaded: More Appearance than Substance?” (with R. Brasier) Dallas Fed Quarterly Energy Update, No. 4, 2016.

“Oil Roller Coaster: Prices Rise on Production Outages, Fall with Brexit.” (with N. Dhaliwal) Quarterly Energy Update, No. 2, 2016.

“OPEC Likely to Keep Pumping Even as Some Members Confront Budget Woes.” (with N. Dhaliwal) Southwest Economy, No. 4, 2015.

Martin Stuermer

I am an Economist in the Research Department (Commodities Unit). My research interests are macroeconomics with a focus on energy, commodities, and natural resources. I study the fluctuations and trends in energy, metals and agricultural commodity markets from a long-run perspective. I am also interested in their interaction with economic growth, climate change and the energy transition. In my position at the IMF I work on the energy transition, in particular its implications on metals markets. I hold a PhD economics from the University of Bonn and worked for the Federal Reserve Bank of Dallas from 2014 to 2021.

Email: MStuermer@imf.org

Personal WebPage: https://sites.google.com/site/mstuermer1/

Fluent In: French, German.

Field of Expertise:

Economic Modeling

Energy and Environmental Economics

International Macroeconomics

iMFdirect Blog Posts

Four Factors Behind the Metals Price Rally

Surging Energy Prices May Not Ease Until Next Year

Selected Issue

Energy Transition Metals (with Lukas Boer and Andrea Pescatori), IMF Working Paper, No. 2021/243

Publications in Journals (Refereed)

Dry Bulk Shipping and the Evolution of Maritime Transport Costs, 1850-2020 (with David Jacks) (2021) Australian Economic History Review, 61(2): 204-227.

What Drives Commodity Price Booms and Busts? (with David Jacks) (2020) Energy Economics, 85:104035.

150 Years of Boom and Bust: What Drives Mineral Commodity Prices? (2018) Macroeconomic Dynamics, Vol. 22:3, pp. 702-717 .

Industrialization and the Demand for Mineral Commodities (2017) Journal of International Money and Finance, Vol. 76, pp. 16-27.

Publications in Books and Conference Volumes

“An Overview of Geological Resources in Sub-Saharan Africa: Potential and Opportunities for Tax Revenue from the Extractive Sector.” (with P. Buchholz) in: Runge, J. and Shikwati, J. (Eds.): Geological Resources and Good Governance in Sub-Saharan Africa: Holistic Approaches to Transparency and Sustainable Development in the Extractive Sector. Routledge Chapman & Hall, London, 2011.

“Grameen Shakti: An Alternative Approach to Financing Energy in Rural Bangladesh.” (with N. Kebir, D. Philipp, J. Scheffran) in: Finger, M., von Weizsaecker, E.U., and Young, O. (Eds.): Limits to Privatization. When a Solution Becomes a Problem: A Report to the Club of Rome. Earthscan, London, 2005.

Other Published Materials

“Central Bankers Need to Take Note of Transition to Clean Energy.” (with S. Howard) Dallas Fed Economics, 2021.

“Falling Oil Prices Drag Down U.S. Business Investment.” (with G. Golding and J. Thompson) Dallas Fed Economics, 2020.

“A Tale of Boom and Bust. What Drives Dry Bulk Freight Rates?” (with D. Jacks) Dallas Fed Economics, 2021.

“Solving a Puzzle: More Nonrenewable Resources Without Higher Prices.” (with S. Howard) Dallas Fed Economics, 2019.

“OPEC Extends Cuts, Opening Door for U.S. to Gain Further Market Share.” (with G. Strickler) Dallas Fed Quarterly Energy Update, 2017.

“Demand Shocks Fuel Commodity Price Booms and Busts.” Dallas Fed Economic Letter, Vol. 12, No. 14, 2017.

“OPEC Reloaded: More Appearance than Substance?” (with R. Brasier) Dallas Fed Quarterly Energy Update, No. 4, 2016.

“Oil Roller Coaster: Prices Rise on Production Outages, Fall with Brexit.” (with N. Dhaliwal) Quarterly Energy Update, No. 2, 2016.

“OPEC Likely to Keep Pumping Even as Some Members Confront Budget Woes.” (with N. Dhaliwal) Southwest Economy, No. 4, 2015.