Commodity prices and fiscal policy design: Procyclical despite a rule
نویسندگان
چکیده
منابع مشابه
Monetary Policy , Commodity Prices and Infl ation
The past years were characterized by unprecedented rises in prices of commodities such as oil or wheat and infl ation rates moved up above the mark of two percent per annum. This led to a revival of the debate whether commodity prices indicate future CPI infl ation and if they can be used as indicator variables for central banks or not. We apply various econometric methods like Granger causalit...
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ژورنال
عنوان ژورنال: Journal of Applied Econometrics
سال: 2018
ISSN: 0883-7252,1099-1255
DOI: 10.1002/jae.2669