A small monthly macroeconometric model of the Canadian economy built around three cointegrating relationships linking financial and real variables is estimated over the 1975-2002 period. One of the cointegrating relationships allows the identification of a supply shock as the only shock affecting permanently the stock market and a demand shock leading to important transitory stock market overva...

In order to investigate the efficiency of policies made by the industrial administration office (IAO for short) so as to keep market order, the authors propose a shocked inventory model of one product with both genuine and counterfeit qualities. The checking policies made by the IAO are considered to be a random shock for the inventory model by examination of the qualities of the products, whic...

This paper is an empirical investigation of money supply shock asymmetry using disaggregated output data covering the 1962:02-1999:11 sample period. A twostep estimation procedure is employed. The first step estimates the positive and negative shocks to M2 money growth. These shocks are then used as independent variables in the second-step estimation for 10 different disaggregated measures of i...

Contemporary structural models of the global market for crude oil jointly specify precautionary and speculative demand shocks as a composite shock, named storage shock. We resolve this identification problem examine effects these distinct shocks, along with conventional supply on price oil. find that uncertainty driven is, average, primary driver real fluctuations have previously been associate...

The responsiveness of house prices to monetary policy shocks depends on the nature shock—expansionary versus contractionary—and local housing supply elasticities. These findings are established using a panel 263 US metropolitan areas. Expansionary have larger impact in supply-inelastic Contractionary orthogonal In supply-elastic areas, contractionary greater than expansionary do. opposite holds...

A successfully treated patient with myxedema coma of pituitary origin is reported. A forty-three year old woman, having a typical history of Sheehan's syndrome, was precipitated into the state of shock and coma. The coma was characterized with clinical features of myxedema coma, such as hypothermia, bradycardia and shallow respiration. The patient recovered from shock after intravenous administ...

SparkJet (SPJ) actuator was used to control shock and shock-on-shock interaction in high-enthalpy hypersonic flow with a total temperature of 4490 K Mach number 6.9 for the first time. Aiming at characteristics rarefied gas flight environment, authority SPJ improved by air supply method. The process interacting crossflow near ramp obtained using high-speed schlieren camera. When pressurized cav...

DEFINITION Shock is a dramatic syndrome in which the circulatory supply of oxygen does not meet the metabolic demands of vital organs and tissues. There are five major types of shock observed: hypovolemic, septic, cardiogenic, distributive, and obstructive (see Table 1). PATHOPHYSIOLOGY An initial insult triggers shock disrupting blood flow to end organs leading to inadequate tissue perfusion. ...

Drawing upon data from Ethiopia, we highlight the relationship between investments in child schooling and key factors related to household characteristics, supply and quality of schooling, and income shocks. The unique contribution of this study stems from our examination of the effect of adverse income shocks on gender-differentiated child schooling outcomes. While there are several empirical ...

The Russian Default of 1998 provides a natural experiment to test how global …nancial linkages transmit negative credit supply shocks to emerging markets. Using bank-level data from Peru, I show that the shock a¤ects bank lending by both foreign and domestic banks because all banks re…nance their lending abroad. Using microdata on all corporate loans, I show that foreign banks reduce lending le...