Abstract
This PhD thesis concerns the US quantitative easing monetary policy and
commodities’ prices, exploring the transmission mechanisms of the inventory
arbitrage activity and the speculative activity for the effect of the real interest rates
on commodities’ real prices and conditional volatilities during the US quantitative
easing monetary policy period. Furthermore, it investigates the inflation channel
through which the US quantitative easing policy affects the short-term timevarying correlation between the nominal interest rates and commodities’ real
prices.
commodities’ prices, exploring the transmission mechanisms of the inventory
arbitrage activity and the speculative activity for the effect of the real interest rates
on commodities’ real prices and conditional volatilities during the US quantitative
easing monetary policy period. Furthermore, it investigates the inflation channel
through which the US quantitative easing policy affects the short-term timevarying correlation between the nominal interest rates and commodities’ real
prices.
| Original language | English |
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| Qualification | Doctor of Philosophy |
| Awarding Institution |
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| Supervisors/Advisors |
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| Award date | 25 Apr 2025 |
| Place of Publication | Tilburg |
| Publisher | |
| Print ISBNs | 978 90 5668 764 9 |
| DOIs | |
| Publication status | Published - 2025 |