The authors investigate multiplicate relationships between investor attention and gold futures return. The Vector Auto Regression (VAR) estimates demonstrate that investor attention exhibits significant impact on gold futures returns and the effect can be positive or negative depending on how...

We develop a multi-country general equilibrium model with structural change to investigate the factors affecting the global changes in the skill premium between 1997 and 2007. Trade and technological change increase the skill premium by inducing reallocations to skill-intensive sectors. We apply...

A well-known puzzle in international finance is that fluctuations in exchange rate are very difficult to predict and existing predictive models often perform worse than the naive random walk model. In this paper, we construct an oil trend factor and find that it performs better than the naive...