Series: IMF Working Papers
Author(s): Noureddine Krichene
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2008
Keywords: Commodities prices, common trends, variance decomposition, money supply, aggregate demand, real interest rates,
Expansionary monetary policies in key industrial countries and sharply depreciating U.S. dollar exchange rate sent commodities prices soaring at unprecedented rates during 2003-2007. Food prices rose to alarming le...