This study examines the relationship between macroeconomic variables and stock price indices of four prominent OPEC oil-exporting members.Bayesian model averaging(BMA)and regularized linear regression(RLR)are employed...
Integrating ideological and political education into university teaching has become the core content of current higher education work in China,and it is also one of the important factors in ensuring the quality of hig...
This paper investigates the macroeconomic impacts of Internet finance,highlighting its advantages and challenges.Internet finance,a fusion of Internet technology with traditional financial practices,introduces innovat...
This paper briefly reviews different debates about approaches for paths out of poverty,considering several views,from the analysis of specific policies to more general or systemic considerations.The contribution of th...
The author is infinitely thankful to his friend and colleague M.Rubinstein for valuable discussions and an invariable interest to his work.The author is also thankful to C.Miller for his high estimation of the author’s efforts.Of course,all errors are author’s full responsibility.
We use Extended Merton model(EMM)for estimating the firm’s credit risks in the presence of inflation.We show quantitatively that inflation is an influential factor making either a benign or adverse effect on the firm...
The paper emphasizes the true“generality”of the General Theory(GT)in the face of the dominant view,according to which Keynes’s theory is captured by“Keynesian outcomes”in axiomatic general equilibrium models due ...
The work is supported by the NSF of China(No.11871447);Anhui Initiative in Quantum Information Technologies(AHY150200).
Macroeconomic situation is the overall performance of a country’s and regional economic situation.At present,the vast majority of macroeconomic indicators are obtained through sampling surveys,step-by-step reporting,...
This paper critically assesses the geopolitical and geo-economic impact of novel fuel resources on both resource exporters and importers. Presently, very strong political and economic forces drive the utilisation of d...
This study analyzed the potential impact of the increased oil volatility on the industries and the global economy. Specifically, it separated the oil price fluctuations into positive and negative components, and model...
The contemporary crisis is giving evidence of failing macroeconomic theories and policies, after decades of focusing on the aggregate domestic demand and the role of the public expenditure. The contemporary crisis has...