Title of article :
The Impact of Monetary Policy Shock on the Price of Storable Goods: A Case Study of Food
Author/Authors :
Jahantigh, Forough Faculty of Management and Economics - University of Sistan and Baluchestan, Zahedan , Rahimi Ghasemabadi, Mohammad Faculty of Management and Economics - Shahid Bahonar University of Kerman, Kerman , Jalali, Omolbanin Faculty of Economics Management and Accounting - Yazd University, Yazd
Abstract :
In many economies, commodity price volatility is one of the sources of signaling to market players. Different experiences of price shocks have led economists to reconsider price shocks. Considering the effects of monetary policy on the inflation rate, the present study investigates the impact of monetary policy shock on the price of storable food commodities. In this regard, data for 2006: 01 to 2016:12 for Iran was investigated. The results show that a one percent increase in money supply and the interest rate on deposits increases food prices in the long-term by 0.18 percent and 0.82 percent, respectively.
Keywords :
Monetary Policy Shock , Storable Goods , Food
Journal title :
Astroparticle Physics
