Belke, Ansgar; Bordon, Ingo G.; Hendricks, Torben W. - Rheinisch-Westfälisches Institut für … - 2010
This paper examines the interactions between money, interest rates, goods and commodity prices at a global level. For … considerations. The inclusion of commodity prices helps to identify a signifi cant monetary transmission process from global … convey useful information about variables such as commodity prices which matter for aggregate demand and thus infl ation …