Using a structural VAR with block exogeneity, diagonality and identifying restrictions, this paper analyzes: first, the macroeconomic linkages among the oil price, U.S. output, interest rate, money supply, general price level and exchange rate and second, the relationships of the macroeconomic variables with the price indices of ten international nonfuel commodity groups. By assuming the block ...

We apply adjoint algorithmic differentiation (AAD) to the risk management of securities when their price dynamics are given by partial differential equations (PDE). We show how AAD can be applied to forward and backward PDEs in a straightforward manner. In the context of one-factor models for interest rates or default intensities, we show how price sensitivities are computed reliably and orders...

Futures contract is one of the most important derivatives that is used in financial markets in all over the world to buy or sell an asset or commodity in the future. Pricing of this tool depends on expected price of asset or commodity at the maturity date. According to this, theoretical futures pricing models try to find this expected price in order to use in the futures contract. So in this ar...

The study was conducted to investigate the degree and nature of spatial integration among district level monthly wholesale price of rice in Northwestern and greater Mymensingh region of Bangladesh. Market integration was examined by co-integration method-while price fluctuations were estimated by Error Correction Mechanism (ECM). Stationarity of data was checked with the help of Augmented Dicke...

this study was conducted to evaluate the share of cost factors affecting on final cost of broiler live weight per kilogram in tehran province. data were collected through questionnaires. farms were divided to three cost ranges: less than 35,000, between 35,000 to 40,000, and over 40000 rails based on production cost per kg of live weight. in this study, water and additives, staff, vaccines, tra...

in this study, we assess the impact of oil price changes on the macroeconomic variables of some oil importers in oecd countries, including usa, italian, france and japan during the period 1960-2002. the results for different countries imply asymmetric impact of oil price changes on gdp growth rates; moreover, the results show that monetary shocks are an important and noticeable factor explainin...

Price stability has been the foremost task of monetary policy. The information relating to the response of prices to monetary policy shocks is essential for conducting monetary policy in general and for inflation targeting of central banks in particular. Most of the published empirical studies analyze the response of an aggregate price index like CPI or a consumption deflator and their r...

In selecting a house from a limited domain of houses, price dominates one's considerations when the difference in price between two houses is sufficiently large. But when the two prices are sufficiently close, other factors begin to enter into consideration. We do not ignore price it is hardly possible to pay no attention to the difference between $49,500 and $55,000 but we begin to acknowledge...