Affiliation:
1. University of Ibadan, Nigeria
Abstract
We explored the implications of the Russia-Ukraine (RUK) crisis on return predictability of selected commodity prices in the international market. We find that the crisis has a significant impact on the returns of gas, palladium, London wheat, and United States wheat. Our findings offer robust and insightful conclusions for policymakers on the heightened effect of the war on return predictability of global commodity prices.
Publisher
Asia-Pacific Applied Economics Association
Reference17 articles.
1. Potential impacts of Ukraine-Russia armed conflict on global wheat food security: A quantitative exploration;Khondoker Abdul Mottaleb;Global food security,2022
2. Commodity prices surge due to war in Ukraine. Let’s Talk Development.;J. Baffes,2022
3. Measuring Economic Policy Uncertainty;Scott R. Baker;The Quarterly Journal of Economics,2016
4. Can exchange rates forecast commodity prices?;Yu-Chin Chen;Quarterly Journal of Economics,2010
5. Approximately normal tests for equal predictive accuracy in nested models;Todd E. Clark;Journal of Econometrics,2007