Anzuini, Alessio; Lombardi, Marco J.; Pagano, Patrizio - Banca d'Italia - 2012
relationship between US monetary policy and commodity prices by means of a standard VAR system, commonly used in analysing the … effects of monetary policy shocks. The results suggest that expansionary US monetary policy shocks drive up the broad … overwhelmingly large. This finding is confirmed under different identification strategies for the monetary policy shock. …