This paper studies how the sensitivity of consumption to income has changed over time as the degree of financial integration has risen. In standard theory, greater financial integration facilitates international borrowing and lending, helping to reduce the sensitivity of consumption growth to...

We estimate nonlinear VARs to assess to what extent fiscal spending multipliers are countercyclical in the United States. We deal with the issue of non-fundamentalness due to fiscal foresight by appealing to sums of revisions of expectations of fiscal expenditures. This measure of anticipated...

This paper fills the gap in the literature of applying an exponential smoothing model in the oil shipping market forecasting. The author refines the adaptive combined model with B-criterion based on Brown's model with modification by Trigg and Leach. Forecasting the values of the average...