Working Papers in full text
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
All
Other research-related activities and publications of the IMF can be found at IMF Research
|
Free Email Notification
Receive emails when we post new
items of interest to you.
Subscribe or
Modify your profile
|
|
|
|
China's Impact on World Commodity Markets
|
Author/Editor: |
Roache, Shaun K. |
| Authorized for Distribution: |
May 1, 2012 |
|
Electronic Access: |
Free Full Text (PDF file size is 498KB)
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 |
|
|
|
|
| |
Published: |
|
May 1, 2012 |
|
|
|
|
| |
|
|
|
|
Format: |
|
Paper |
| |
Stock No: |
|
WPIEA2012115 |
|
Pages: |
|
23 |
| |
Price: |
|
US$18.00 (Academic Rate: US$18.00 )
|
|
|
|
|
|
|
