Awokuse, TitusYang, Jian2004-10-102004-10-102002-06http://udspace.udel.edu/handle/19716/120This 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.211676 bytesapplication/pdfen-USJEL classification: E31, E37Commodity pricesMonetary policyCausalityThe Informational Role of Commodity Prices in Formulating Monetary Policy: A ReexaminationStaff Paper