in purpose of this paper is to discuss the occurance of bifurcation and chaos in nonlinear systems in general, and the pearl-reed model whi.ch has been used for representing the lynamical behavior of the petroleum resources in particular. based on this investigation, it is shown that the observed tluctuations in the petroleum market can be erplained by its interral dynamics and the increase in ...

Predicting the future economy is of great interest to practitioners and policymakers. In this study, we confront problem by examining relationship between credit spread curves economic activity. To end, construct a monthly empirical distribution calculating spreads corporate bonds at firm level in Japan examine whether it can be used predict Japanese business cycle. We find that curve informati...