The present study was aimed to investigate the effects of oil price shocks on discretionary fiscal policies in selected OPEC countries during 1980-2015. In this regard, the heterogeneous dynamic reaction to structural shock was examined using Panel Structural Vector Autoregressive (PSVAR) technique. Based on the findings, the effect of oil price shocks on discretionary fiscal policy was positiv...

– Financial markets can be seen as complex systems in non-equilibrium steady state, one of whose most important properties is the distribution of price fluctuations. Recently, there have been assertions that this distribution is qualitatively different in emerging markets as compared to developed markets. Here we analyse both high-frequency tick-by-tick as well as daily closing price data to sh...

The main purpose of the presentation is to outline some alternative approaches on how a superlative annual consumer price index could be constructed using the monthly price information that is presently collected by statistical agencies. The first issue that must be addressed is: how should the monthly price information at the lowest level of aggregation be aggregated up (over months) to form a...

Crude oil is one of the most necessitated worldwide required commodities. Any slight fluctuation in crude oil prices can have both direct and indirect influence on the economy of the countries. The unpredictability of crude oil prices forced many companies away from the competition and it influence the stock market and many other macroeconomic variables (inflation, GDP, Import bill etc). Crude ...

Resilience has emerged as a crucial measure of company’s ability to withstand challenges in the current complex business environment. However, prior research indicates that employee diversity may not consistently lead positive impact on corporate resilience. This paper investigates resilience face various external crises by examining performance Chinese listed companies during 20-year period fo...