Chen, Yu-chin (contributor); Rogoff, Kenneth S. (contributor) - 2008
CAN EXCHANGE RATES FORECAST COMMODITY PRICES?
Yu-chin Chen Kenneth Rogoff Barbara Rossi
(University of Washington … rates have remarkably
robust power in predicting future global commodity prices, both in-sample and out-of-sample. A … find
that the reverse relationship holds; that is, that commodity prices Granger-cause exchange rates.
However, consistent …