Commodity Prices and Markets
1st Edition
Published on 15. February 2011
346 pages
978-0-226-38690-4 (ISBN)
Description
Fluctuations of commodity prices, most notably of oil, capture considerable attention and have been tied to important economic effects, such as inflation and low rates of economic growth. Commodity Prices and Markets advances our understanding of the consequences of these fluctuations, providing both general analysis and a particular focus on the countries of the Pacific Rim. The volume addresses three distinct subjects: the difficulties in forecasting commodity prices, the effects of exogenous commodity price shocks on the domestic economy, and the relationship between price shocks and monetary policy. The ability to forecast commodity prices is difficult but of great importance to businesses and governments, and this volume will be invaluable to professionals and policy makers interested in the field.
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Takatoshi Ito | Andrew K. Rose
Commodity Prices and Markets
Book
03/2011
University of Chicago Press
€122.76
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Content
- Intro
- Contents
- Acknowledgments
- Introduction
- I. Forecasting Currencies with Commodity Prices
- 1. Commodity Prices, Commodity Currencies, and Global Economic Developments
- 2. The Relationship between Commodity Prices and Currency Exchange Rates: Evidence from the Futures Markets
- II. Commodity Prices, the Terms of Trade, and Exchange Rates
- 3. Identifying the Relationship between Trade and Exchange Rate Volatility
- 4. The Consumption Terms of Trade and Commodity Prices
- III. "Pass-Through" of Commodity Prices to the General Price Level
- 5. Pass-Through of Oil Prices to Japanese Domestic Prices
- 6. The Effects of Oil Price Changes on the Industry-Level Production and Prices in the United States and Japan
- 7. Price Pass-Through, Household Expenditure, and Industrial Structure: The Case of Taiwan
- IV. Macroeconomic Effects of Oil Prices
- 8. Oil and Macroeconomy: The Case of Korea
- 9. Oil Shocks in a DSGE Model for the Korean Economy
- Contributors
- Author Index
- Subject Index
