Commodity market disruptions, growth and inflation

Deniz Igan, Emanuel Kohlscheen, Gabriela Nodari and Daniel Rees

No 54, BIS Bulletins from Bank for International Settlements

Abstract: Higher commodity prices will erode global growth, as the modest growth boost for commodity exporters will only partly offset the output losses of commodity importers. Rising commodity prices will also intensify global inflationary pressures. The effects will be strongest for food and energy prices, but spillovers to other components of inflation are likely. Recent shocks have been smaller than the 1970s oil shocks but broader-based, encompassing food and industrial commodities as well as energy. Nonetheless, structural changes, as well as stronger policy frameworks and nominal anchors, make stagflation less likely to return.

Pages: 9 pages
Date: 2022-05-18
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.bis.org/publ/bisbull54.pdf Full PDF document (application/pdf)
https://www.bis.org/publ/bisbull54.htm (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bis:bisblt:54

Access Statistics for this paper

More papers in BIS Bulletins from Bank for International Settlements Contact information at EDIRC.
Bibliographic data for series maintained by Martin Fessler ().