Using a GARCH model, we analyze the influence of U.S. monetary policy action and communication on the price volatility of commodities for the period 1998-2009. We find, first, that U.S. monetary policy events have an economically significant impact on price volatility. Second, expected target...

In this paper, we give a broad overview of how commodity-related news affects several aspects of commodity markets. We examine the main commodity classes: energy, agriculturals and metals, as well as market responses to news: in terms of prices, returns, volatilities and fine features of prices,...

The influence of commodity prices on consumer prices is usually seen as originating in commodity markets. We argue, however, that long run and short run relationships should exist between commodity prices, consumer prices and money and that the influence of commodity prices on consumer prices...