Monetary policy influences inflation dynamics by exerting impact on a diverse array of commodity prices. At high … frequencies, we show that a 10 basis points increase in US monetary policy rate reduces commodity prices between 0.5% and 2 …-36 months). The results indicate that the response of commodity prices-oil, base metals, and food prices-to monetary policy …

decomposing U.S. interest rates changes into two orthogonal shocks: the pure monetary policy shock and the information news shock … shocks. Moreover, high oil prices mitigate both spillovers for oil exporters while global risk appetite amplifies both … countries, with oil exporters with stronger fundamentals withstanding well the shock and oil importers with weaker fundamentals …

Intro -- Contents -- I. MOTIVATION AND RELATED STUDIES -- II. OUTPUT DROPS -- III. SHOCKS -- IV. MULTIVARIATE PROBIT …-PRESCOTT-FILTER BASED DEFINITION OF EVENTS -- APPENDIX II. KERNEL DENSITY PLOTS: OUTPUT DROPS AND 1970 PER CAPITA GDP -- APPENDIX III. DATA …

-correlations in output, labor, consumption, and investment consistent with the postwar US economy; and (ii) generates variation in … equity prices, bond prices, and a large risk premium in line with the asset pricing data. Six novel insights emerge from the …

Do changes in monetary policy affect inflation and output in the East African Community (EAC)? We find that (i …