Kim, Myeong Hwan; Dilts, David A. - In: Economics Bulletin 31 (2011) 2, pp. 1151-1162
This paper investigates the relationship between the value of the dollar and the prices of two commodities, gold and oil. Granger causality is used on monthly data from January of 1970 through July of 2008. The empirical results show that the hypothesis that there is no causal relation between...