Author Description

Fluctuations Of Commodity Prices, Most Notably Of Oil, Capture Considerable Attention And Have Been Tied To Important Economic Effects, Such As Inflation And Low Rates Of Economic Growth. Commodity Prices And Markets Advances Our Understanding Of The Consequences Of These Fluctuations, Providing Both General Analysis And A Particular Focus On The Countries Of The Pacific Rim. The Volume Addresses Three Distinct Subjects: The Difficulties In Forecasting Commodity Prices, The Effects Of Exogenous Commodity Price Shocks On The Domestic Economy, And The Relationship Between Price Shocks And Monetary Policy. The Ability To Forecast Commodity Prices Is Difficult But Of Great Importance To Businesses And Governments, And This Volume Will Be Invaluable To Professionals And Policy Makers Interested In The Field. Frontmatter -- Contents -- Acknowledgments -- Introduction -- 1. Commodity Prices, Commodity Currencies, And Global Economic Developments -- 2. The Relationship Between Commodity Prices And Currency Exchange Rates: Evidence From The Futures Markets -- 3. Identifying The Relationship Between Trade And Exchange Rate Volatility -- 4. The Consumption Terms Of Trade And Commodity Prices -- 5. Pass- Through Of Oil Prices To Japanese Domestic Prices -- 6. The Effects Of Oil Price Changes On The Industry- Level Production And Prices In The United States And Japan -- 7. Price Pass- Through, Household Expenditure, And Industrial Structure: The Case Of Taiwan -- 8. Oil And Macroeconomy: The Case Of Korea -- 9. Oil Shocks In A Dsge Model For The Korean Economy -- Contributors -- Author Index -- Subject Index Takatoshi Ito, Andrew K. Rose. Description Based Upon Print Version Of Record. Includes Bibliographical References And Index. English