The Effect of Monetary Policy on Real Commodity Prices

Влияние денежно-кредитной политики на реальные цены на сырьевые товары
Jeffrey A. Frankel
2006-12-01

auction goodscustomer goodsmonetary policyreal commodity prices
For young readers, I will recall that these distinctions were originally due to Arthur Okun (1975), who called the two sectors auction goods versus customer goods.
1
The abstract distinguishes between auction goods and customer goods, terminology originally attributed to Arthur Okun (1975).
2
The abstract is too limited to establish empirical results, methods, comparisons, or conclusions regarding commodity-price dynamics.
3
The provided abstract does not state specific findings about how monetary policy affects real commodity prices.
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2006-12-01
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Jeffrey A. Frankel
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