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

Borradores de Economia
Número: 
685
Publicado: 
Authors:
Carolina Arteaga,
Camilo Granados,
Jair N. Ojeda-Joya
Palabras clave: 
Commodity Prices, Monetary policy, Overshooting
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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