World Commodity Prices as a Forecasting Tool for Retail Prices : Evidence From the United Kingdom /

This paper investigates, using cointegration and Granger-causality techniques, whether a stable long-run co-movement exists between world commodity prices and U.K. retail prices, and whether short-run changes in commodity prices convey information about future movements in U.K. retail prices. The re...

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Bibliographic Details
Main Author: Thornton, John
Other Authors: Garcia-Herrero, Alicia
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1997.
Series:IMF Working Papers; Working Paper ; No. 1997/070
Online Access:Full text available on IMF