TY - BOOK ID - 142208705 TI - Geopolitical Shocks And Commodity Market Dynamics : New Evidence From The Russian-Ukraine Conflict AU - Aizenman, Joshua. AU - Lindahl, Robert. AU - Stenvall, David. AU - Uddin, Gazi Salah. AU - National Bureau of Economic Research. PY - 2023 PB - Cambridge, Mass. National Bureau of Economic Research DB - UniCat UR - https://www.unicat.be/uniCat?func=search&query=sysid:142208705 AB - We investigate the event-based geopolitical shocks from the Russian invasion of Ukraine on agricultural and energy commodities using daily event-based structural vector autoregression (SVAR). We find that the geopolitical shock affects the markets of wheat (2%), corn (1%) and European natural gas (7.5%). However, substantial heterogeneity is observed among the agricultural and energy markets. Geopolitical risk stemming from the Russia-Ukraine conflict affects the European natural gas market more strongly than the US and Asian markets. The regional segment of natural gas markets could explain this. Finally, our analysis explores how geopolitical news affects the dynamics of stock, currency, and bond markets. ER -