Multi-Frequency Information Flows between Global Commodities and Uncertainties: Evidence from COVID-19 Pandemic

Figure 2

Multi-frequency information transfer between commodities and EPU. (a) Renyi’s effective transfer entropy between global commodities and EPU-(HFQ). (b) Renyi’s effective transfer entropy between global commodities and EPU-(MFQ). (c) Renyi’s effective transfer entropy between global commodities and EPU-(LFQ). (d) Renyi’s effective transfer entropy between global commodities and EPU-(residue).

(a)

(b)

(c)

(d)