|
|
|
|
|
|
Author/Editor:
|
Roache, Shaun K.
|
|
|
|
|
|
Publication Date:
|
May 01, 2012
|
|
|
|
Electronic Access:
|
Free Full text
(PDF file size is 485KB).
Use the free
Adobe Acrobat Reader
to view this PDF file
|
|
|
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
|
|
|
|
|
Summary:
Shocks to aggregate activity in China have a significant and persistent short-run impact on the price of oil and some base metals. In contrast, shocks to apparent commodity-specific consumption (in part reflecting inventory demand) have no effect on commodity prices. China’s impact on world commodity markets is rising but, perhaps surprisingly, remains smaller than that of the United States. This is mainly due to the dynamics of real activity growth shocks in the U.S, which tend to be more persistent and have larger effects on the rest of the world.
|
|
|
|
Order a print copy
|
|
|
|
|
|
Series:
|
Working Paper No. 12/115
|
|
|
|
|
|
Subject(s):
|
China | Commodity markets | Demand | External shocks | Spillovers | Supply | China, People's Republic of
|
|
|
Author's Keyword(s):
|
Commodity Prices | Oil Price | Spillovers | Business Cycle Fluctuations |
|
|
|
|
|
|
|
|
|
|
English
|
|
|
|
|
|
|
Publication Date:
|
May 01, 2012
|
|
|
|
|
|
|
|
Format:
|
Paper
|
|
Stock No:
|
WPIEA2012115
|
|
Pages:
|
23
|
|
Price:
|
|
|
|
US$18.00 )
|
|
|
|
|
|
|
|
|
Please address any questions about this title to
publications@imf.org
|
|
|
