Galesi, Alessandro; Lombardi, Marco J. - European Central Bank - 2009
: oil shock, commodity prices, inflation, second-round effects, Global VAR.
JEL Classification : C32, E31
5
ECB
Working … international commodity
prices, or they could spread ‘by contagion’ through various transmission channels.
Monetary authorities are … economy, for example when a supply shock in a local market
implies large gyrations on international commodity prices, or they …