Communication matters: US monetary policy and commodity price volatility

C-Tier
Journal: Economics Letters
Year: 2012
Volume: 117
Issue: 1
Pages: 247-249

Authors (3)

Hayo, Bernd (Philipps-Universität Marburg) Kutan, Ali M. (Southern Illinois University) Neuenkirch, Matthias (Universität Trier)

Score contribution per author:

0.335 = (α=2.01 / 3 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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Abstract

We analyze the influence of US monetary policy on commodity price volatility. Expected target rate changes and communications decrease volatility, whereas target rate surprises and unorthodox measures increase it. The “calming” effect of communication is reduced during the financial crisis.

Technical Details

RePEc Handle
repec:eee:ecolet:v:117:y:2012:i:1:p:247-249
Journal Field
General
Author Count
3
Added to Database
2026-01-25