We study the structure and stability of asymmetric colliding flows for the case where one shock is oscillating due to the radiative cooling overstability and the interaction zone undergoes no global acceleration. 2D high-resolution numerical simulations reveal a new structure formation mechanism in the wake of such shocks which has been suppressed in previous simulations due to a too coarse num...

Using the threshold structural VAR model, this paper examines the multiheterogeneity impacts of international oil price shocks on Chinese stock market in the background of financialization. The research finds: (1) the effects of oil price shocks on stock returns are different across sectors and the responses of stock returns are larger in bear markets. The nonlinear effects of oil supply shocks...

This chapter will present an empirical analysis of the type and source of real shocks to the Mexican economy. In particular, it will evaluate the following questions. How important are shocks that originate as exchange rate changes due to swings in market sentiment independent of the economic fundamentals? That is, how important is “excess volatility”? How important are shocks that originate as...

It is well known that there are “nonclassical” situations where, in contrast to Lax’s and Glimm’s results,systems of conservation laws may admit singular solutions (δ-shocks and singular shocks) such that their components contain delta functions [ASh05], [B94], [DSh03]– [LW02], [S02]– [Sh04], [TZZ94]. The exact structure of such type solutions is given below in (2), (7) and Definition 1. The th...

Price changes and output growth, both at the aggregate and the sectoral level, appear to be negatively correlated. At a basic level, this suggests that sectoral “supply” shocks are more prevalent than sectoral “demand” shocks. However, it is not clear what these sectoral price-output correlations mean once one thinks in terms of general equilibrium. To help us understand the implication of thes...