Belke, Ansgar; Bordon, Ingo G.; Hendricks, Torben W. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
This paper examines the interactions between money, interest rates, goods and commodity prices at a global level. For … prices and goods prices movements. The cointegrated VAR model fits with the data for the analysed period from the 1970s until … considerations. The inclusion of commodity prices helps to identify a significant monetary transmission process from global liquidity …