This paper analyzes the immediate, delayed and group responses of 20 commodity prices in four commodity groups (foods and livestock, crops, energy and metals) to macroeconomic "news" (unexpected announcements) in the United States between 1985 and 1989. It finds that macroeconomic news generally affects commodities within groups in the same direction - but there is no clear evidence that the prices of largely unrelated commodity groups react in the...
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INFORMATION
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1990/02/28
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Document de travail de recherche sur les politiques
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WPS354
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1
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1
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2010/07/01
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How commodity prices respond to macroeconomic news
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commodity price
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