We examine the effect of output shocks in different regions of the world on South Africa, with the use of a customised global vector autoregression (GVAR) model for the country from 1980 to 2010. The aim of the paper is to compare the impact of economic shocks in different countries on the South...

This study presents a model that delivers more accurate forecasts of the revised rather initial estimates of the quarterly GDP growth rate in Switzerland during the period of the recent financial crisis. The key explanation to our findings is that our model, capitalizing on the information...

When dealing with credit booms driven by capital inflows, monetary authorities in emerging markets are often reluctant to raise interest rates, as they fear that an increase attracts even more capital and appreciates the currency. A number of countries therefore use reserve requirements as an...

Developing economies, like Nigeria, have historically been reluctant to admitting more than a moderate degree of exchange rate flexibility due to the fear that such variations might feed into domestic prices. The potential vulnerability of small and open economies to exchange rate pass-through...

There exists a wealth of literature dealing with the analysis of business cycles, dating their turning points, measuring their synchronisation and identifying potential sources behind cyclical asymmetries, but most work concentrates on the countrywide level. The analysis of business cycle...

The distorting effects of oil price shocks on oil rich economies are also significant depending on the level of their vulnerability to external shocks. The paper assesses the impact of these shocks on macroeconomic variablesStructural VAR AnalysisThe results show that oil prices have...

This paper investigates the dynamic effects of common macroeconomic shocks in shaping business cycle fluctuations in a group of Euro-area countries. In particular, by using the structural (Near)VAR methodology, we investigate the effect of area-wide shocks, with particular attention to monetary...

Traditional business process modeling follows a top-down approach. The process structure is pre-defined by completely determining relevant activities, eevents, actors, documents, tools, etc. The process model shows a strict flow of events and activities following a well-defined logical and...

This paper explores the role played by product variety and quality in a real business cycle model.Firms are heterogeneous in terms of their specific quality as well as productivity level. Firms which have costly technology enter in the period of high aggregated demand and produce high quality...

This study highlights the role of Sudanese women entrepreneur in changing their life style by running small-micro business activities; also the study investigates how small-micro business activities affect women’s empowerment. And what are the strategies can be stated to empower women and...