We investigate whether long-term co-movements among the prices of precious metals commodity futures contracts can be observed. The past literature on agricultural commodity futures prices obtains the mixed results. We find that there is no long-term interdependence among the prices of the four...

We examine asymmetry in the loss function of Japanese corporate executives in their output growth forecasts and test for rationality of the forecasts under the assumption of a possibly asymmetric loss function. We find evidence of asymmetry and support for rationality under an asymmetric loss...

We investigate the directional accuracy of GDP forecasts by corporate executives. Extending the literature to business leader's forecasts, our findings show positive evidence for the usefulness of long-term forecasts whereas past literature casts doubt on their usefulness. However, examination...