Commodities and the Macroeconomy program
Director(s):
Research associates:
Recent publications:
- Brueckner M, July 2021, Fiscal consolidations paper no. 57/2021.
- Arezki R, Brueckner M, June 2021, Between a rock and a hard place: A new perspective on the resource curse paper no. 50/2021.
- Fry-McKibbin R, Zhu B, January 2021, How do oil shocks transmit through the US economy? Evidence from a large BVAR model with stochastic volatility paper no. 13/2021.
The implications of demand for resources by emerging market economies and understanding the special features of commodity economies are currently issues for policy makers and investors. Emerging markets in particular are an important driver of the most recent commodity price cycle. This program seeks to understand commodity cycles and their financial market and macroeconomic effects, as well as the interactions between the three from both an emerging and developed country perspective.
The program focuses on:
- Understanding trends and cycles in commodity markets
- Currency, equity and commodity market linkages
- Global business cycle linkages and the role of emerging markets
- Oil price shocks and their transmission through the macroeconomy
- Food price shocks and their passthrough to the macroeconomy and poverty implications
- Policy responses to relative price movements
- The macroeconomics of sovereign wealth funds
Updated: 1 August 2021/Responsible Officer: Crawford Engagement/Page Contact: CAMA admin
