RELATIONSHIPS AMONG STRATEGIC COMMODITIES AND WITH FINANCIAL VARIABLES: A NEW LOOK

被引：40

作者：

Hammoudeh, Shawkat ^{[1
]}

Sari, Ramazan ^{[2
]}

Ewing, Bradley T. ^{[3
]}

机构：

[1] Drexel Univ, Coll Business, Philadelphia, PA 19104 USA

[2] Middle E Tech Univ, Dept Business Adm, TR-06531 Ankara, Turkey

[3] Texas Tech Univ, Rawls Coll Business, Lubbock, TX 79409 USA

来源：

CONTEMPORARY ECONOMIC POLICY | 2009年 / 27卷 / 02期

关键词：

EXCESS CO-MOVEMENT; MONETARY-POLICY; PRICES;

D O I：

10.1111/j.1465-7287.2008.00126.x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We examine the comovements among the prices of four strategic commodities that have long, adequate daily series: oil, gold, silver, and copper as a group. We also explore their causal relationships with two commodity-relevant macrofinancial variables: interest and exchange rates as an expanded group to shed some light on the prediction behaviors of those individual commodity prices relative to the selected financial variables. In the expanded group, the selected interest rate can provide a transmission link between commodity prices and the dollar exchange rate. The results and their policy implications are discussed at length. (JEL C51, E27, Q43).

引用

页码：251 / 264

页数：14

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