The impact of monetary policy shocks on commodity prices

The Impact of Monetary Policy Shocks on Commodity Prices

The results suggest that expansionary U.S. monetary policy shocks drive up the broad commodity price index and all of its components. While these effects are ...

price shock itself; Kilian and Lewis (2009), however, report no evidence of systematic Fed reaction to oil shocks after 1987. During the commodity price surge ...

The impact of monetary policy shocks on commodity prices

The results suggest that expansionary US monetary policy shocks drive up the broad commodity price index and all of its components. While these effects are ...

Monetary Policy Transmission through Commodity Prices in

At high frequencies, we show that a 10 basis points increase in US monetary policy rate reduces commodity prices between 0.5% and 2.5%, after 18 ...

The impact of monetary policy shocks on commodity prices

This paper investigates the empirical relationship between US monetary policy and commodity prices by means of a standard VAR system.

Temi di Discussione - Banca d'Italia

The impact of monetary policy shocks on commodity prices by Alessio Anzuini, Marco J. Lombardi and Patrizio Pagano. Number 851. F ebruary 2012. Page 2. Page 3 ...

The Impact of Monetary Policy Shocks on Commodity Prices

This paper investigates the empirical relationship between US monetary policy and commodity prices by means of a standard VAR system.

The Impact of Monetary Policy Shocks on Commodity Prices

The results suggest that expansionary US monetary policy shocks drove up the broad commodity price index and all of its components. While these effects are ...

Monetary Policy Transmission through Commodity Prices

Sources: Haver Analytics; IMF, Primary Commodity Price System; IMF staff calculations. effect of a monetary policy shock through the real-economy channel could ...

The commodity transmission channel of monetary policy and ...

Consequently, the effects of monetary policy through commodity prices create spillover effects on inflation rates in other countries, and ...

The impact of monetary policy shocks on commodity prices

In particular, an expansionary monetary policy shock drives up the broad commodity price index and all of its components. While the effects are significant they ...

The Effect of Monetary Policy on Real Commodity Prices

Commodity prices are back, with a vengeance. In the 1970s, macroeconomic discussions were dominated by the oil price shocks and other rises in agricultural and ...

Commodity price shocks, labour market dynamics and monetary ...

The effects of the shock are expansionary and initially export-driven: output and net exports increase while the unemployment rate falls. At the same time, ...

the-effects-on-commodity-prices-of-extraordinary-monetary-policy.pdf

However, although many economists have been investigating the role of financial speculators, global demand growth, and supply shocks in these commodity price ...

The Effect of Monetary Policy on Commodity Prices: Disentangling ...

The basic idea of this approach is that commodity prices will overshoot their equilibrium levels in response to a monetary policy shock.

Monetary Policy Shocks to Commodity Prices: Evidence from Pakistan

Recently, low-interest rates and excessive liquidity play a dynamic role in affecting the prices of the commodities market. Furthermore, the impact of monetary ...

Monetary policy for commodity booms and busts - CEPR

A rise in commodity prices causes the commodity sector to expand, increasing its demand for domestic resources as inputs in production. This ...

Commodity Price Shocks and Global Cycles: Monetary Policy Matters

The results reveal that pro-cyclical policy reactions exacerbate the real and financial effects of food price shocks, whereas counter-cyclical responses ...

Commodity Price Responses to Monetary Policy Surprises - jstor

The impulse response function reported here is for the cumulative effect of the shock on the level of commodity prices. Page 12. Scrimgeour ...

Transmission of U.S. monetary policy to commodity exporters and ...

Since the shock increases U.S. demand for commodities and hence commodity prices, the exports of the commodity exporter increase by more than those of the ...