Economic Outlook: Analysis of Chinese Monetary Policy Impact on Export Prices
This study examines the effects of Chinese monetary policy on global commodity prices during the quarterly period from Q1 1996 to Q4 2021. Using a Bayesian structural VAR model, the study evaluates the impact of interest rate shocks and money supply (M2) shocks on these commodity prices. Key Results: Effects on Chinese Export Prices The results indicate that Chinese monetary policies play a pivotal role in shaping global commodity prices, which in turn affects: