An Empirical Study on the Correlation between CSI Bond Index and Enterprise Commodity Price Index

DOI

10.2991/icemaess-18.2018.63How to use a DOI?

Keywords

China Securities Bond Index,CGPI, Correlation , Granger causality test

Abstract

The two represent the enterprise financing side, one represents the production terminal of the enterprise. This paper mainly wants to study the relationship between the two and the influence on the production activities. In this paper, we have selected representative CSI syndromes index and the general index of commodity price index in the two indices, and carried out the validity test according to the monthly data of 10 years from 2007 to 2016, Granger causality Inspection, VAR model and so on. After the empirical test, it is related and positive correlation, and it is the reason why the CSI bond index is the enterprise commodity price index through Granger causality test. So that the central bank in the application of enterprise commodity price index to predict and control inflation when the CSI bond index can also be some fluctuations in the enterprise commodity price index to make a forecast, and to make the relevant macroeconomic regulation and control.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yi Qu
AU  - Yuduo Yao
AU  - Lina Zhou
PY  - 2018/11
DA  - 2018/11
TI  - An Empirical Study on the Correlation between CSI Bond Index and Enterprise Commodity Price Index
BT  - Proceedings of the 2018 5th International Conference on Education, Management, Arts, Economics and Social Science (ICEMAESS 2018)
PB  - Atlantis Press
SP  - 303
EP  - 307
SN  - 2352-5398
UR  - https://doi.org/10.2991/icemaess-18.2018.63
DO  - 10.2991/icemaess-18.2018.63
ID  - Qu2018/11
ER  -