Examining the CRB index as a leading indicator for US inflation

被引：6

作者：

Acharya, Ram N. ^{[1
]}

Gentle, Paul F. ^{[2
]}

Paudel, Krishna P. ^{[3
]}

机构：

[1] New Mexico State Univ, Dept Agr Econ & Agr Business, Las Cruces, NM 88003 USA

[2] City Univ Hong Kong, Dept Econ & Finance, Kowloon, Hong Kong, Peoples R China

[3] Louisiana State Univ, Dept Agr Econ & Agribusiness, Baton Rouge, LA 70810 USA

来源：

APPLIED ECONOMICS LETTERS | 2010年 / 17卷 / 15期

关键词：

COMMODITY PRICES; DYNAMICS; WAGES;

D O I：

10.1080/13504850903049619

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This article analyses historical movements in the commodity futures market and its relationship to inflation. Specifically, the relationship between the Commodity Research Bureau (CRB) index and US inflation is investigated. The results show that the CRB index continues to be an effective early indicator of inflation. However, as the composition of the US economy changes, the CRB should continue to realign the index to maintain its long-term viability.

引用

页码：1493 / 1496

页数：4

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