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This paper uses annual data to study the interaction of consumer and commodity prices in 15 economies over the period 1850-1913. We find that consumer price inflation in all 15 countries co-moves with a broad measure of changes in commodity prices. Consumer prices comove most strongly with...
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This paper investigates the ability of gold to hedge worldwide risks from the perspective of global economic policy … interaction between GEPU and gold price (GP). It can be observed that gold can effectively hedge risks of GEPU during the Asian … positive and negative impacts on GEPU. In the current complex economic situation, governments and investors can consider gold …
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