Thornton, John; Garcia-Herrero, Alicia - In: Economia Internazionale / International Economics 49 (1996) 3, pp. 439-446
Commodity prices and U.K. retail prices do not appear to be cointegrated and short-run movements in commodity prices convey little information about future movements in U.K. retail prices. These findings, which may reflect the shift in final demand away from goods with a high commodity content,...