This paper identifies the macroeconomic factors behind the sovereign credit ratings of global emerging markets assigned by Standard and Poor's (S&P). The financial integration and globalization of capital markets have facilitated the capital inflows/outflows among countries. Sovereign credit...

Compared with the previous researches giving scattered and qualitative discussions about the exchange rate expectation China's foreign exchange reserves (FER), this paper conducted an empirical research by adding the exchange rate expectation. Starting from the evolution path of RMB exchange...

This paper examines the empirical relationship between CPI, oil prices, stock market and unemployment in EU15 using a new computational approach. In particular, we propose a novel approach to train the well-known vector autoregressive (VAR) model using a particle swarm optimisation (PSO) method....

This paper investigates the long-run relationship between the demand for international travel to Australia from Malaysia and a group of leading macroeconomic variables, including Malaysian income, tourism prices in Australia, transportation costs between Malaysia and Australia, and the exchange...

Economic, political and social changes that characterised Albania during the transition period have affected its current account balance and other macroeconomic indicators. The fact that current deficit has been present for a decade from now and going upward after 1998, points out that current...

This paper investigates the effects, in terms of labour and macroeconomic indicators, of closing the gap between the ethnic minority employment rate and the overall population rate using a computable general equilibrium modelling framework. The labour market has been integrated by indicators...

In this paper, a Divisia monetary index measure of money is constructed for the Italian economy and its inflation forecasting potential is compared with that of its traditional simple sum counterpart. The powerful and flexible Artificial Intelligence technique of neural networks is used to allow...

This paper discusses the policy uses, and limits, of three key concepts for defining 'environmentally adjusted' macro-economic indicators for a national economy. The first is change in the system boundary, an enlargement of the scope of national economic accounting to include natural assets;...

The paper combines under a literature review, secondary and tertiary data analysis, a unique construct of three perspectives: the new classical macroeconomics theory related to unemployment, a finance approach of the relationship with exchange rates and the legal repercussions of the social...

New models to forecast the real price of oil on the basis of macroeconomic indicators and Google search data are proposed. A large-scale out-of-sample forecasting analysis comparing the different models is performed. It is found that models including both Google data and macroeconomic aggregates...