06 Jun
2024
Kiel-CEPR Research Seminar
The Origins of Commodity Price Fluctuations
12:00
–
13:00
Evgenia Passari (Paris-Dauphine)
Weitere Veranstaltungen
Anmeldung
Abstract
We build indexes of commodity-price developments by simulating news reading. Our proposed computer-based, narrative approach is flexible and spans all commodity markets, including energy, metals, agricultural and livestock. Empirical evidence indicates that our indexes successfully distinguish between supply and demand. Index-peaks track the post-crisis collapse of commodity markets, market-specific developments, and the recent Covid-19 crisis. The richness of news content allows to further identify key drivers that shape commodity markets, including business cycle effects, geopolitical risk, natural disasters, and climate change. Results indicate that the nature of commodity price movements matters for macroeconomic outcomes, firms’ decisions, and asset prices.
Speaker: Evgenia Passari, Associate Professor of Finance at Université Paris Dauphine - PSL and CEPR Research Affiliate
Location: online or at Kiel Institute for the World Economy, Chausseestraße 111, 10115 Berlin
Organizers: Kiel Institute for the World Economy, CEPR
Registration: Please sign up to receive the newsletter and zoom links for the seminar. If you plan to attend in person, please let us know here beforehand.
Timothy Meyer
Timothy.Meyer@ifw-kiel.de
Johannes Binder
Johannes.Binder@ifw-kiel.de
