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

2011-12-18

Authors

Arteaga-Cabrales, Carolina
Granados-Castro, Joan Camilo
Ojeda-Joya, Jair N.

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ISBN

Document language

spa
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The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

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

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JEL Codes

E31 - Price Level; Inflation; Deflation
F42 - International Policy Coordination and Transmission
Q43 - Energy and the Macroeconomy
Q17 - Agriculture in International Trade
E52 - Monetary Policy

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Keywords

Keywords

Commodity Prices , Monetary policy , Overshooting

Citation

URI

https://repositorio.banrep.gov.co/handle/20.500.12134/5702
 https://hdl.handle.net/20.500.12134/5702
 https://ideas.repec.org/p/bdr/borrec/685.html
 https://doi.org/10.32468/be.685

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Esta obra está bajo licencia internacional Creative Commons Reconocimiento-NoComercial 4.0.

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