Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/21418
Título: | Commodity prices, inflationary pressures, and monetary policy : evidence from BRICS economies |
Autor(es): | Mallick, Sushanta K. Sousa, Ricardo M. |
Palavras-chave: | Monetary policy Commodity prices Emerging markets Panel VAR Sign restrictions VAR Bayesian VAR |
Data: | 2013 |
Editora: | Springer |
Revista: | Open Economies Review |
Resumo(s): | We assess the transmission of monetary policy and the impact of fluctuations in commodity prices on the real economy for the five biggest and fastest growing emerging market economies: Brazil, Russia, India, China and South Africa (BRICS). Using modern econometric techniques, we show that a monetary policy contraction has a negative effect on output, suggesting that it can lean against unexpected macroeconomic shocks even when the financial markets are not well-developed in this group of countries. We also uncover the importance of commodity price shocks, which lead to a rise in inflation and demand an aggressive behaviour from central banks towards inflation stabilisation |
Tipo: | Artigo |
URI: | https://hdl.handle.net/1822/21418 |
DOI: | 10.1007/s11079-012-9261-5 |
ISSN: | 0923-7992 |
Versão da editora: | http://link.springer.com/article/10.1007%2Fs11079-012-9261-5?LI=true# |
Arbitragem científica: | yes |
Acesso: | Acesso restrito UMinho |
Aparece nas coleções: | NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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26.pdf Acesso restrito! | Commodity Prices, Inflationary Pressures, and Monetary Policy: Evidence from BRICS Economies. | 681,76 kB | Adobe PDF | Ver/Abrir |