This paper shows that for five small commodity-exporting countries that have adopted inflation targeting monetary … policies, world commodity price aggregates have predictive power for their CPI and PPI inflation, particularly once possible …

This study will focus on investigating the effects of crude oil and gold prices on implied inflation expectation … considerable attention as potential predictor of inflation as well. The study reveals that crude oil prices are positively and … significantly related to inflation, while the link between gold and inflation proves to be very limited. The process of inflation …

This paper seeks to document and explain the effect of a commodity price shock on underlying core inflation, and how … across many countries there was a break in the response of core inflation to a commodity price shock. In an earlier period, a … shock to commodity prices would lead to a large and significant increase in core inflation, but in later periods, the effect …

U.S. monetary policy can remain extraordinarily accommodative only if longer-term inflation expectations stay well … economically small impact on longer-term inflation compensation embedded in U.S. Treasury bonds. The estimated effect is larger for … correlated with the variance of longer-term inflation expectations in the University of Michigan Survey of Consumers in the post …

Inflation degrades the function of the U.S. dollar as a storehouse of value. The goods and services which constitute … hedge that risk. Our work casts that popular advice into doubt, showing that inflation hedging with commodities is difficult …, risky, and ultimately unreliable. Buy and hold strategies are impractical for many, and inflation hedging with commodities …