THE EFFECTS ON COMMODITY PRICES OF EXTRAORDINARY MONETARY POLICY
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...
متن کاملComments on Jeffrey Frankel, " Commodity Prices and Monetary Policy "
I have no problems with the first point. Frankel provides considerable empirical evidence to support his conclusion. It also makes theoretical sense that commodity prices may be negatively correlated with real interest rates. Commodity prices can to a large extent be seen as asset prices. Asset prices are discounted present values of expected future returns. A rise in the real interest rate red...
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The global economy is in turmoil. In this scenario, monetary policies around the world face strong challenges. Sailing through quiet waters has been pleasant. As we know, the stable and prosperous performance of the world economy in recent years has partly been the result of sound monetary policies. Now, during difficult times, monetary policy should contribute to make the adjustment less costl...
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ژورنال
عنوان ژورنال: Journal of Agricultural and Applied Economics
سال: 2017
ISSN: 1074-0708,2056-7405
DOI: 10.1017/aae.2016.34