Pierdzioch, Christian; Risse, Marian; Rohloff, Sebastian - In: The Quarterly Review of Economics and Finance 54 (2014) 2, pp. 292-305
Drawing on recent empirical research, we study whether the international business cycle, as measured in terms of the output gaps of the G7 countries, has out-of-sample predictive power for gold-price fluctuations. To this end, we use a real-time forecasting approach that accounts for model...
