months due to the number confinements put in place around the world. Since the worst days of the pandemic caused by COVID-19 … upward trend, increasing some 56.67% to the price from before the start of the COVID-19 pandemic episode. …

commodities, and industrial input price shocks. We show that commodities are not all alike. Industrial input price changes are … almost entirely endogenous responses to other shocks. Exogenous oil and food price shocks are relevant drivers of global real … and financial cycles, with food price shocks exerting the greatest influence. We then conduct counterfactual estimations …

This paper investigates a perception in the political debates as to what extent poor countries are affected by price …

studies, we analyze temporary and permanent futures price innovations in a cointegrated system of pairwise short- and long … in inventories. Our findings can be summarized as follows: first, where cointegration is observed, the permanent shocks … transitory price shocks. Under the assumption that speculation occurs mainly in short-dated contracts, the finding is …

Commodity price volatility can create concern for central bank policy-makers. Recent commodity prices peaked in the … connected in a cause and effect relationship with inflation and real output, the driving forces behind commodity price … series to identify volatility spillovers between monetary policies and commodity price index. The findings show that the …

-fuel commodities. We decompose each commodity price series into a global (or common) component, block-specific components and a purely … idiosyncratic shock. We find that the bulk of the fluctuations in commodity prices is well summarised by a single global factor … commodity price variations has increased since the 2000s, especially for oil prices. …