Hou, Kewei; Tang, Ke; Zhang, Bohui - 2017 - This version: October 2017
We study the effects of political uncertainty on commodity markets from both theoretical and empirical perspectives …. Consistent with our theoretical predictions, commodity prices and inventories decline by 6.6% and 5.7%, respectively, and … in major commodity-producing countries. We do not observe significant changes in risk premiums before elections …