In response to the worldwide financial crisis, many countries have put together fiscal stimulus packages of substantial size comprising increases in public spending, tax cuts, and transfers to the private sector. These packages vary considerably in respect to size, composition, and timing....

Risk evaluation is crucial for practitioners as it allows them to make better investment decisions. However, the recently witnessed financial turmoil has demonstrated the inadequacy of many models for preventive risk evaluation. In particular, it is now evident that new methods are needed to...