Monetary policy and commodity prices: an endogenous analysis using an SVAR approach

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Borradores de Economía; No. 610

Date published

2010-06-18

Date

2010-06-18

Authors

Flórez, Luz Adriana

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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.

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

This work analyzes the relationship between real interest rates and commodity prices. According to Frankel's hypothesis (1986-2006): "low real interest rates lead to high real commodity prices". However, some empirical evidence suggests that commodity pri

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JEL Codes

E31 - Price Level; Inflation; Deflation

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Keywords

Keywords

Monetary policy , Commodity prices , SVAR models

Citation

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https://repositorio.banrep.gov.co/handle/20.500.12134/5627
 https://hdl.handle.net/20.500.12134/5627
 https://ideas.repec.org/p/bdr/borrec/610.html
 https://doi.org/10.32468/be.610

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

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