R/rd-aluminum_premiums.R

In stevedata: Steve's Toy Data for Teaching About a Variety of Methodological, Social, and Political Topics

#' @importFrom tibble tibble
NULL

#' LME Aluminum Premiums Data
#'
#' A near daily data set on the price of aluminum premiums (USD/MT) for LME
#'  in the U.S., Western Europe, East Asia, and Southeast Asia. I like these
#'  data as illustrative of some of the shortsightedness of the aluminum tariffs
#'  that Donald Trump announced in March 2018. The tariffs had no discernible
#'  effect on manufacturing employment or earnings, but they created a supply shock
#'  that made aluminum more expensive.
#'
#' @format A data frame with 2,812 observations on the following 3 variables.
#' \describe{
#' \item{\code{date}}{a date}
#' \item{\code{group}}{a factor with levels of \code{East Asia}, \code{Southeast Asia},
#' \code{United States}, and \code{Western Europe}}
#' \item{\code{price}}{a numeric vector for the price of the LME aluminum premium}
#' }
#'
#' @details LME aluminum premiums (monthly contracts going out to 15 months) work
#' alongside LME aluminum contracts to allow market participants to hedge the all-in
#' price and physically deliver or receive premium aluminum warrants in
#' non-queued LME premium warehouses.
#'
"aluminum_premiums"