February was a month where we witnessed the positive impact of these supply
shocks on commodity prices.
Not exact matches
In the past three months alone, Lawson's firm, which specializes in
commodities consulting, has advised 10 companies (including Levi's)
on how to weather the supply
shock in a cotton market so volatile that they are no longer able to lock in
price.
«They helped cushion the blow
on the economy from the
commodity -
price shock, which is of course better than reacting after the fact,» Poloz said Wednesday.
Governing Council considered carefully the implications of the
commodity price shock on potential output because it is important to gauging the outlook for inflation.
But one could also add the periodic
commodity price shocks, the disruptive impact of the tragic Japanese earthquake and tsunami
on global trade and production, and the effect of the uncertainties around the impending fiscal cliff
on hiring and investing.
The second cyclical factor that has had a major impact
on our exports and business investment is the protracted recovery of the US economy — the slowest in the postwar period.10 When oil and other
commodity prices rose in the years before the 2014 oil
price shock, so did our dollar, making our non-
commodity exports to the United States less competitive and reinforcing the ongoing shift from manufacturing to services.
The distribution of these real income gains across the economy depends, crucially,
on how much the exchange rate appreciates in response to the positive
shock to world
commodity prices (RBA 2005).
there is a larger than anticipated impact of our financial crisis and deleveraging
on potential output; there has been the global
commodity price shocks, exacerbated here by our depreciated exchange rate; and, of course, there is the ongoing uncertainty in the eurozone which is now acknowledged to be having an impact
on growth and investment across the world, from the US to China.
In a 2010 article in Harper's Magazine, Frederick Kaufman argued the Goldman Sachs
Commodity Index caused a demand
shock in wheat and a contango market
on the Chicago Mercantile Exchange, contributing to the 2007 — 2008 world food
price crisis.