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

Carolina
Arteaga
Joan Camilo
Granados-Castro
Jair Neftali
Ojeda-Joya
Jueves, 1 Diciembre 2011

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