global commodity prices on China's stock prices. Our findings show that without considering the critical variable of global … commodity prices, there is no cointegration relationship between the RMB exchange rate and China's stock prices, and the … coefficient of the RMB exchange rate is not statistically significant. However, when we introduce global commodity prices into the …

model in differenced systems. Finally, an application of our procedure to a set of different commodity prices allows to … analyse the comovement among different markets. We find that commodity prices move together due to longterm common forces and …

This paper uses annual data to study the interaction of consumer and commodity prices in 15 economies over the period … 1850-1913. We find that consumer price inflation in all 15 countries co-moves with a broad measure of changes in commodity … prices. Consumer prices comove most strongly with changes in metal prices, in particular pig iron prices. Furthermore …