APEC Staff Papers
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Browsing APEC Staff Papers by Subject "Causality"
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Item The Informational Role of Commodity Prices in Formulating Monetary Policy: A Reexamination(Department of Food and Resource Economics, 2002-06) Awokuse, Titus; Yang, JianThis 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.