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China's Impacton 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 commodit...

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Bibliographic Details
Main Author: Roache, Shaun
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2012
Series:IMF Working Papers
Subjects:
Industries: General
Commodity Exchanges
Commodity Markets
Investment & Securities
Prices
Macroeconomics: Consumption
Investments: Commodities
Financial Markets
Wealth
Commercial Products
Commodity Prices
Macroeconomics: Production
General Financial Markets: General (includes Measurement And Data)
Production
Finance
Finance: General
Saving
Consumption
National Accounts
Economics
Industrial Production
Industries
Macroeconomics
Commodities
China, People's Republic Of
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:24 pages
ISBN:9781475503364

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