Commodities and the Macroeconomy program
Director(s):
Research associates:
Doctoral student associates:
Recent publications:
- Bjørnland HC, Cross JL, Kapfhammer F, October 2023, The Drivers of Emission Reductions in the European Carbon Market paper no. 53/2023.
- Do HX, Nepal R, Pham SD, Jamasb T, September 2023, Electricity Market Crisis in Europe and Cross Border Price Effects: A Quantile Return Connectedness Analysis paper no. 46/2023.
- Brueckner M, Hong H, Vespignani J, March 2023, Regulation of Petrol and Diesel Prices and their Effects on GDP Growth: Evidence from China paper no. 17/2023.
The implications of demand for resources by emerging market economies and understanding the unique 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, their financial market and macroeconomic effects, and 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: 19 March 2024/Responsible Officer: Crawford Engagement/Page Contact: CAMA admin