... between commodity prices and the global economic policy uncertainty (GEPU). Except for 1999–2000 and 2006–2008, the results of the energy price index model were very similar to those of the commodity price index. A predominant positive relationship is observed focusing on the connection between GEPU...

... in emerging economies. The reason for this is that these nations are very vulnerable to variations in their terms of trade, which, at the same time, depend heavily on volatile commodity prices. The effect of commodities prices over domestic ones has been studied by Blejer (1983) , among others, who found...