<scp>ECB</scp> monetary policy and commodity prices
نویسندگان
چکیده
We assess the impact of ECB monetary policy on global aggregate and sectoral commodity prices over 2001–2019. employ an SVAR model separately periods before after financial crisis. Our key results indicate that contractionary shocks have positive effects during both conventional unconventional periods, indicating effectiveness tools. The largest is documented energy (fuel) food commodities. also suggest effect transmits through exchange rate channel, which influences European market demand.
منابع مشابه
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ژورنال
عنوان ژورنال: Review of International Economics
سال: 2022
ISSN: ['0965-7576', '1467-9396']
DOI: https://doi.org/10.1111/roie.12626