Belke, Ansgar; Bordon, Ingo G.; Hendricks, Torben W. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
This paper examines the interactions between money, interest rates, goods and commodity prices at a global level. For … considerations. The inclusion of commodity prices helps to identify a significant monetary transmission process from global liquidity … useful information about variables such as commodity prices which matter for aggregate demand and thus inflation. Given this …