Commodity prices, manufactured goods prices and inflation: evidence from Japan

Yanfeng Wei ()
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Yanfeng Wei: Graduate School of Social Sciences, Hiroshima University, Japan

Economics Bulletin, 2013, vol. 33, issue 2, 986-992

Abstract: Using the monthly Japanese data from January 1970 to December 2011, this paper analyzes the predictive power of commodity prices and manufactured goods prices for inflation. We split the full sample into the two sub-periods 1970M1-1990M12 and 1991M1-2011M12. By testing the causality at various frequencies, we provide some new insights on the informational roles of commodity prices and manufactured goods prices for forecasting inflation.

Keywords: Inflation; Commodity prices; Predictive power; Frequency domain causality (search for similar items in EconPapers)
JEL-codes: E3 (search for similar items in EconPapers)
Date: 2013-04-11
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Citations: View citations in EconPapers (7)

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