Search Results

SORT BY: PREVIOUS / NEXT
Keywords:hedgers 

Working Paper
Monetary policy surprises, positions of traders, and changes in commodity futures prices

Using futures data for the period 1990?2008, this paper finds evidence that expansionary monetary policy surprises tend to increase crude and heating oil prices, and contractionary monetary policy shocks increase gold and platinum prices. Our analysis uncovers substantial heterogeneity in the magnitude of this response to positive and negative surprises across different commodities and commodity groups. The results also suggest that the positions of futures traders for the metals and energy commodities strongly respond to monetary policy shocks. The adjustment of the net long positions of ...
FRB Atlanta Working Paper , Paper 2013-12

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

G13 1 items

G14 1 items

G17 1 items

FILTER BY Keywords

commodity prices 1 items

convenience yields 1 items

futures data 1 items

hedgers 1 items

monetary policy shocks 1 items

positions of traders 1 items

show more (2)

PREVIOUS / NEXT