Papailias, Fotis; Thomakos, Dimitrios D. - Rimini Centre for Economic Analysis (RCEA) - 2013
The cyclical properties of the annual growth of the Baltic Dry Index (BDI) and their implications for short-to-medium term forecasting performance are investigated. We show that the BDI has a cyclical pattern which has been stable except for a period after the 2007 crisis. This pattern has...
