Cabrales, Carolina Arteaga; Castro, Joan Camilo Granados; … - Banco de la Republica de Colombia - 2011
In this paper we study the effect of monetary policy shocks on commodity prices. While most of the literature has found … sample of four commodities. This set of commodity prices is essential to understand the dynamics of the balance of payments …, 2003] upon quarterly data for commodity prices and their fundamentals for the period 1980q1 to 2010q3. Our results show …