In this paper we identify stock market crises in Tunisia since 1992 using the CMAX method. Our empirical evidence shows that the monetary and financial indicators are considered as explanatory factors signalling the occurrence of these crises. The analysis also highlights some mechanisms that...

The subprime financial crisis has sparked our interest in identifying channels through which US crisis spread across 20 developed and emerging stock markets. Empirical results of GARCH and EGARCH estimated models show a high persistence and asymmetric effect of volatility. Estimation of an...

The debate about the theoretical foundations of the nature of the relationship between inflation and unemployment has been the subject matter of multiple reinterpretations involving most of the modern macroeconomic theories. The lack of research that proved the existence of the Phillips curve in...

The debate about the theoretical foundations of the nature of the relationship between inflation and unemployment has been the subject matter of multiple reinterpretations involving most of the modern macroeconomic theories. The lack of research that proved the existence of the Phillips curve in...