The effect of monetary policy on commodity prices : disentangling the evidence for individual prices

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Borradores de Economía; No. 685
Date published
2011-12-18
Date of last update
2011-12-18
Author
Arteaga-Cabrales, Carolina
Granados-Castro, Joan Camilo
Ojeda-Joya, Jair N.
Document language
spa
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
In this paper we study the effect of monetary policy shocks on commodity prices. While most of the literature has found that expansionary shocks have a positive effect on aggregate price indices, we study the effect on individual prices of a sample of fou
JEL Codes
E31 - Price Level; Inflation; DeflationF42 - International Policy Coordination and TransmissionQ43 - Energy and the MacroeconomyQ17 - Agriculture in International TradeE52 - Monetary Policy
Keywords
Commodity Prices ; Monetary policy ; Overshooting ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5702
https://hdl.handle.net/20.500.12134/5702
https://doi.org/10.32468/be.685
https://ideas.repec.org/p/bdr/borrec/685.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit