Chen, Yu-chin; Rogoff, Kenneth; Rossi, Barbara - Duke University, Department of Economics - 2008
commodity price movements, both in-sample and out-of-sample. Because commodity prices are exogenous to the exchange rates we …. Because our finding that exchange rates predict future commodity prices can be given a true causal interpretation, it provides …CAN EXCHANGE RATES FORECAST COMMODITY PRICES?
Yu-chin Chen Kenneth Rogoff Barbara Rossi
(University of Washington …