Lombardi, Marco; Osbat, Chiara; Schnatz, Bernd - In: Empirical Economics 43 (2012) 2, pp. 651-670
, which have been associated with developments in commodity prices. Impulse response functions confirm that exchange rates and … economic activity affect individual non-energy commodity prices, but we fail to find strong spillovers from oil to non …-oil commodity prices or an impact of the interest rate. In addition, we find that individual commodity prices are affected by common …