The Informational Role Of Commodity Prices In Formulating Monetary Policy: A Reexamination
AbstractThis paper reexamines the issue of whether commodity prices provide useful information for formulating monetary policy through the application of recent development in time series methodology developed by Toda and Yamamoto (1995). We found that commodity prices signals the future direction of the economy.
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Bibliographic InfoPaper provided by University of Delaware, Department of Food and Resource Economics in its series Staff Papers with number 15834.
Date of creation: 2002
Date of revision:
commodity prices; monetary policy; causality; Financial Economics; E31; E37;
Other versions of this item:
- Awokuse, Titus O. & Yang, Jian, 2003. "The informational role of commodity prices in formulating monetary policy: a reexamination," Economics Letters, Elsevier, vol. 79(2), pages 219-224, May.
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
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- repec:ebl:ecbull:v:5:y:2007:i:13:p:1-7 is not listed on IDEAS
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