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010   $a1-4518-7287-9
010   $a9786612843549
035   $a(CKB)3170000000055297
035   $a(EBL)1608355
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035   $a(PQKBTitleCode)TC0000939883
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100   $a20090818d2009      uf             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 14$aThe effects of economic news on commodity prices$b[electronic resource] $eis gold just another commodity? /$fShaun K. Roache, Marco Rossi
210   $aWashington, DC $cInternational Monetary Fund, Research dept.$d2009
215   $a1 online resource (30 p.)
225 1 $aIMF working paper ;$vWP/09/140
300   $a"July 2009".
311   $a1-4519-1716-3 
320   $aIncludes bibliographic references.
327   $aTable of contents; I. Introduction; II. Methodology; A. Literature Review; B. Data; C. Estimation Strategy; III. Results; A. Scheduled Macroeconomic Announcements; B. "Good News", "Bad News", and Volatility; IV. Conclusion; References; Appendix
330   $aThe paper uses an event study methodology to investigate which and how macroeconomic announcements affect commodity prices. Results show that gold is unique among commodities, with prices reacting to specific scheduled announcements in the United States and the Euro area (such as indicators of activity or interest rate decisions) in a manner consistent with gold's traditional role as a safe-haven and store of value. Other commodity prices, where such news is significant, exhibit pro-cyclical sensitivities and these have risen somewhat as commodities have become increasingly financialized. Thes
410  0$aIMF working paper ;$vWP/09/140.
606   $aGold
606   $aMacroeconomics
606   $aForeign exchange rates
608   $aElectronic books.
615  0$aGold.
615  0$aMacroeconomics.
615  0$aForeign exchange rates.
700   $aRoache$b Shaun K$0869965
701   $aRossi$b Marco$0307761
712 02$aInternational Monetary Fund.$bResearch Dept.
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910463991603321
996   $aThe effects of economic news on commodity prices$92060002
997   $aUNINA