Commodity price volatility and the economic uncertainty of pandemics
By Dimitrios Bakas, A. Triantafyllou. Economics Letters, 2020
259 citations recorded by the source corpus.
We empirically investigate the impact of economic uncertainty related to global pandemics on the volatility of the broad commodity price index as well as on the sub-indexes of crude oil and gold. The results show that uncertainty related to pandemics have a strong negative impact on the volatility of commodity markets and especially on crude oil market, while the effect on gold market is positive but less significant.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/625883a9f344f437ee60a2a21614b5557b2d66f2
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In Economics and Econometrics
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Citations in the corpus
- Asymmetric spillover and network connectedness between crude oil, gold, and Chinese sector stock markets (2021, background): “The recent literature shows that not only the financial crisis affects the stock returns and the directional spillovers among markets but also the health crisis influences negatively the stock returns (Bakas and Triantafyllou, 2020).”
- Crude Oil Prices and COVID-19: Persistence of the Shock (2020, background): “However, several recent studies show the impact of COVID-19 on commodity markets (see, e.g., Albulescu, 2020; Bakas & Triantafyllou, 2020, among others).”
- Uncertainty Due to Infectious Diseases and Energy Market Volatility (2020, background): “Our paper contributes to the recent literature by linking pandemics to economic uncertainties resulting from the COVID-19 pandemic (see Bakas & Triantafyllou, 2020; Ma et al., 2020).”