EconStor >
Institut für Weltwirtschaft (IfW), Kiel >
Kieler Arbeitspapiere, IfW >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/45904
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorReicher, Christopher Phillipen_US
dc.contributor.authorUtlaut, Johannes Friederichen_US
dc.date.accessioned2011-06-08en_US
dc.date.accessioned2011-06-24T12:49:07Z-
dc.date.available2011-06-24T12:49:07Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/45904-
dc.description.abstractRecent research has shown that economic conditions have an important effect on real commodity prices. We quantify the contribution of fluctuations in inflation to this particular link. In the data, a temporary rise in inflation causes real commodity prices to rise, as does a rise in trend inflation. We find that a simple dynamic equilibrium model of commodity supply and demand gives a realistic response of real commodity prices to inflation. Based on historical simulations, shocks to inflation played an important role in commodity price dynamics during the 1970s, but they have contributed negligibly to commodity price movements since then.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKiel Working Papers 1704en_US
dc.subject.jelE31en_US
dc.subject.jelE52en_US
dc.subject.jelE65en_US
dc.subject.jelQ00en_US
dc.subject.ddc330en_US
dc.subject.keywordCommodity pricesen_US
dc.subject.keywordmonetary policyen_US
dc.subject.keywordinflationen_US
dc.subject.keywordthe 1970sen_US
dc.subject.stwRohstoffpreisen_US
dc.subject.stwInflationen_US
dc.subject.stwSchätzungen_US
dc.subject.stwWelten_US
dc.titleThe effect of inflation on real commodity pricesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn661649679en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Kieler Arbeitspapiere, IfW

Files in This Item:
File Description SizeFormat
661649679.pdf441.43 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.