Abstract Exogenous shifts in international food commodity prices, which are identified using an SVAR model with global harvest shocks as external instrument, explain almost 30% of euro-area inflation volatility over the medium term and contributed significantly to twin puzzle missing (dis)inflation era after Great Recession. International price have impact on retail prices through production ch...

In the light of finite oil reserves, Persian Gulf oil-exporting economies have recently undertaken major investments in their domestic travel and tourism industries. Building on Bayesian SVAR model global market Baumeister Hamilton (2019), we investigate conditional comovement airline stock returns with real prices response to structural supply demand shocks. We find that investing Datastream W...

• This study examines the effects of oil supply and global demand shocks using SVAR model. The focus is on volatility metal agricultural commodity prices. empirical evidence based real time daily closing international covers period 2 December 2019 to 1 October 2020. cumulative impulse responses variance decompositions provide many patterns . prices in markets covering findings are presented dec...