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dc.contributor.authorApergis, Nicholas
dc.contributor.authorChristou, Christina
dc.contributor.authorHayat, Tasawar
dc.contributor.authorSaeed, Tareq
dc.date.accessioned2020-09-16T09:45:53Z
dc.date.available2020-09-16T09:45:53Z
dc.date.issued2020-08-28
dc.identifier.citationApergis, N., Christou, C., Hayat, T., and Saeed, T. (2020). 'U.S. monetary policy and herding: Evidence from commodity markets'. Atlantic Economic journal, pp. 1-20.en_US
dc.identifier.issn0197-4254
dc.identifier.doi10.1007/s11293-020-09680-4
dc.identifier.urihttp://hdl.handle.net/10545/625160
dc.description.abstractThis paper investigates the presence of herding behavior across a spectrum of commodities (i.e., agricultural, energy, precious metals, and metals) futures prices obtained from Datastream. The main novelty of this study is, for the first time in the literature, the explicit investigation of the role of deviations of U.S. monetary policy decisions from a standard Taylor-type monetary rule, in driving herding behavior with respect to commodity futures prices, spanning the period 1990-2017. The results document that the commodity markets are characterized by herding, while such herding behavior is not only driven by U.S. monetary policy decisions, but also such decisions exert asymmetric effects this behavior. An additional novelty of the results is that they document that herding is stronger in discretionary monetary policy regimes.en_US
dc.description.sponsorshipN/Aen_US
dc.language.isoenen_US
dc.publisherSpringeren_US
dc.relation.urlhttps://www.springer.com/journal/11293en_US
dc.relation.urlhttps://link.springer.com/article/10.1007/s11293-020-09680-4en_US
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectResearch Subject Categories::SOCIAL SCIENCESen_US
dc.subjectherding behavioren_US
dc.subjectcommoditiesen_US
dc.subjectmonetary policyen_US
dc.titleU.S. monetary policy and herding: Evidence from commodity marketsen_US
dc.typeArticleen_US
dc.identifier.eissn1573-9678
dc.contributor.departmentUniversity of Derbyen_US
dc.contributor.departmentOpen University of Cyprusen_US
dc.contributor.departmentKing Abdulaziz Universityen_US
dc.identifier.journalAtlantic Economic journalen_US
dcterms.dateAccepted2020-08-06
dc.author.detail786373en_US


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Attribution-NonCommercial-NoDerivatives 4.0 International
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