THE INFORMATIONAL ROLE OF COMMODITY PRICES IN FORMULATING MONETARY POLICY: A REEXAMINATION

This 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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Year of publication:	2002
Authors:	Awokuse, Titus O. ; Yang, Jian
Institutions:	Department of Applied Economics and Statistics, University of Delaware
Subject:	commodity prices \| monetary policy \| causality \| Financial Economics

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Extent:	application/pdf
Series:	Staff Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Department of Food and Resource Economics>Staff Papers Number 15834
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005503724