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

Titus Awokuse and Jian Yang ()

No 15834, Staff Papers from University of Delaware, Department of Food and Resource Economics

Abstract: 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.

Keywords: Financial; Economics (search for similar items in EconPapers)
Pages: 13
Date: 2002
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Journal Article: The informational role of commodity prices in formulating monetary policy: a reexamination (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:udelsp:15834

DOI: 10.22004/ag.econ.15834

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