Time and Quantile Response of Energy and Precious Metals Commodities to Cable News-Based Economic Policy Uncertainty

Ozkan O., Alola A. A., USMAN O.

Energy Research Letters, vol.6, no.5, 2025 (Scopus) identifier

  • Publication Type: Article / Review
  • Volume: 6 Issue: 5
  • Publication Date: 2025
  • Doi Number: 10.46557/001c.125653
  • Journal Name: Energy Research Letters
  • Journal Indexes: Scopus
  • Keywords: Cable news networks, Economic policy uncertainty, Energy commodities, Precious metals, Wavelet analysis
  • İstanbul Ticaret University Affiliated: Yes

Abstract

Using a novel Wavelet Nonparametric Quantile Causality approach, we investigate the time-quantile predictive content of Cable News-based economic policy uncertainty (TVEPU) for energy and precious metal commodities. Our results indicate that TVEPU possesses predictive power for both energy commodities and precious metals across various periods and quantiles. Additionally, we find that the predictive power of TVEPU is stronger in higher quantiles for both causality-in-mean and causality-in-variance.