Publicaciones - Serie Banca Central Volumen 22 - Portal Biblioteca

Series on Central Banking 22: Commodity Prices and Macroeconomic Policy

Series on Central Banking 22: Commodity Prices and Macroeconomic Policy

World commodity prices and their macroeconomic impact, especially on emerging economies, have long been a main concern of economic research. The importance of the topic has become even more apparent in recent years, as the world economy has seen wide swings in the world prices of primary items such as oil, food, and metals. Echoing past debates, commodity prices are again posing difficult questions to academics and policymakers. The questions are both positive and normative; they pertain to both the short run and the long run; and they are urgent, particularly for emerging economies that are heavily exposed to commodity price fluctuations. To contribute to the debate, this volume gathers six studies written for the XVIII Annual Research Conference of the Central Bank of Chile. The unifying theme of the conference was to examine appropriate macroeconomic policies in light of the increased volatility of world commodity prices. The studies in this volume explore various dimensions and aspects to that theme, as well as diverse policy alternatives, instruments, and strategies.

Language: English

Edited by: Rodrigo Caputo y Roberto Chang

Published: January 2016

$15.000

Available for free in digital format in the Digital Repository and Institutional Website

Work belonging to the Collection of Paintings of the Central Bank of Chile: "Angelmo" by Arturo Pacheco Altamirano (Oil on cardboard, 59 x 46 cm.)