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China's impact on world commodity markets /

Shocks to aggregate activity in China have a significant and persistent short-run impact on the price of oil and some base metals. In contrast, shocks to apparent commodity-specific consumption (in part reflecting inventory demand) have no effect on commodity prices. China's impact on world com...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Roache, Shaun K. (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, ©2012.
Colección:IMF working paper ; WP/12/115.
Temas:
Acceso en línea:Texto completo
Descripción
Sumario:Shocks to aggregate activity in China have a significant and persistent short-run impact on the price of oil and some base metals. In contrast, shocks to apparent commodity-specific consumption (in part reflecting inventory demand) have no effect on commodity prices. China's impact on world commodity markets is rising but, perhaps surprisingly, remains smaller than that of the United States. This is mainly due to the dynamics of real activity growth shocks in the U.S, which tend to be more persistent and have larger effects on the rest of the world.
Descripción Física:1 online resource (24 pages) : illustrations.
Bibliografía:Includes bibliographical references.
ISBN:1475528043
9781475528046
1475533292
9781475533293