Ratti, Ronald A.; Vespignani, Joaquin L. - Crawford School of Public Policy, Australian National … - 2014
associated with significant and persistent increases in commodity prices that are much larger than the effect of unanticipated … is twice as large as that of G3 liquidity. Granger casualty goes from liquidity to commodity prices. BRIC and G3 … liquidity and commodity prices are cointegrated. BRIC and G3 liquidity and global output and global prices are cointegrated. We …