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The world’s top policy researchers and academics gather at JPMCC to discuss trends in commodities research

By on August 11, 2022 0

(Yicai Global) August 10 – Top policy researchers from the U.S. Federal Reserve and other central banks along with scholars from more than a dozen world-class academic institutions will discuss new directions in subject research. premieres at the JP Morgan Center for Commodities’ (JPMCC) annual symposium next week.

Representatives from major political institutions such as the US Fed, International Monetary Fund and Bank of Canada, not to mention top academics from Cambridge, Tsinghua, Yale and other leading universities, will attend the two-day symposium which will be held at the University of Colorado. Denver Business School in hybrid format, combining virtual and real-world presentations, August 15-16.

“Credit Risk and the Small Explosion of Credit Default Swaps in the Corporate Energy Sector” and “Serial Dependence of Commodity Futures Returns: A Machine Learning Approach” are not just a few of the topics that will be covered in a session hosted on the first day by Yang Jian, JPMCC Research Director and JP Morgan Endowed Chair holder.

In an increasingly complex economy and market, policymakers should analyze the latest economic data for any changes in the existing economic outlook before making appropriate decisions, said Yang, who was a visiting scholar at the People’s Bank of China in 2016. , to the Chinese media.

Data from various financial markets, if properly processed and studied, can provide very useful forward-looking information, Yang said. Research shows that, whether in China, Europe or the United States, the use of high-frequency data is important for the rapid identification of systemic financial risks, and this requires the full attention of regulators. finance, he added.

The discussions will also focus on the increase in global inflation which is widely worrying the market. The gap between supply and demand has widened and world prices for energy, food and other raw materials have soared since the outbreak of the Russia-Ukraine conflict earlier this year. The U.S. Consumer Price Index, a gauge of consumer inflation, jumped 9.1% in June from a year earlier, the highest in 40 years, according to the latest data.

Now in its tenth year, JPMCC is known as a center known for its innovative research in the field of raw materials. Recent studies have explored topics such as the rapid growth of China’s commodity futures market, including INE crude oil futures. The center’s research has been featured by Reuters, Financial Times, Bloomberg and dozens of other international media.

Editor: Kim Taylor