Número:
610
Publicado:
Clasificación JEL:
C32, E31, E52, G14
Palabras clave:
Monetary policy, Commodity Prices, SVAR models

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Gómez-Molina Andrés Camilo, Carlos Quicazán-Moreno, Hernando Vargas-Herrera
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