We build a new empirical model to estimate the global impact of an increase in the volatility of US monetary policy … setting, we find that US interest rate uncertainty not only drives local output and in ation volatility, but also causes … declines in output, in ation, and the interest rate. Moreover, we document strong global impacts, making the world move in a …

This paper uses monthly data from April 2005 to August 2013 for Taiwan to propose a novel tourism indicator, namely the … Tourism Conditions Index (TCI). TCI accounts for the spillover weights based on the Granger causality test and estimates of … the multivariate BEKK model for four TCI indicators to predict specific tourism and economic environmental indicators for …