This paper demonstrates that the estimated parameters in previous research, with wrong signs and absurd sizes, do not indicate market inefficiency and market behavior as they appear to. In the real world where forecasting errors are substantially large, a "correct" or an "unreasonable" parameter...

The Russo-Ukrainian war induced a serious supply-side shock that submerged the world into the fear of imported inflation and a natural resource crisis. So how large is the supply shock so far and how would the impact dissipate to the world? To answer these questions, this paper employs the...

This paper examines international linkages amongst G7 economies, in terms of co-movements in output growth and fluctuations, in the frequency domain. The paper has identified patterns in international business cycle co-movements among the G7, offering a general outlook of international business...