So far the literature on DSGE models with energy price shocks uses energy on the production side only. In these models, energy shocks are responsible for only a negligible share of output fluctuations. We study the robustness of this finding. The aim of our paper is to model the response of household behavior to energy shocks in more detail as in the existing literature. Specifically, in additi...

The seminal work of Engel (1999) establishes a method for measuring the contributions of traded goods and nontraded goods to the fluctuation of real exchange rates. Two difficulties arise: the assumed price aggregation is likely biased, and the needed data on non-traded goods price is often limited. The present work overcomes these difficulties, as follows. First we generalize Engel’s exchange ...

The portfolio optimization is one of the fundamental problems in asset management that aims to reduce the risk of an investment by diversifying it into assets expected to fluctuate independently. A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their funds counterparts, including mutual, exchange- traded and closed fun...

Since Ancient Days, human beings have exchanged money for goods, or even some goods for other kind of goods. The goods that were exchanged characterized the different ages through History. Today, we are in the so-called Information Age and, therefore, a core part of current interactions take place around data exchanges. Serge Abiteboul et al.’s “Data on the Web” aims at laying the foundations f...

Lawyers and the legal system have been much criticized in recent years. Despite popular perceptions, the legal system contains numerous mechanisms and rules designed to ensure fair results. This paper shows how the legal system tries to implement, in commercial transactions, the ethical principles of truthfulness and fairness. The AngloAmerican development of Equity Courts is reviewed briefly. ...

this paper, examines the factors that influence energy intensity- the ratio of energy consumption to gdp- in 42 oil exporting and none-oil exporting countries in the period 1985 to 2009. the research applies panel data models to analyze the impacts of oil price, gdp, exchange rate, co2 emissions, population, surface area and productivity on energy intensity. an attempt is made in this paper, to...

Purpose of Study: The study aimed to assess how product pricing affects the equity return manufacturing firms listed at Nairobi Securities Exchange in Kenya.
 Research Design: employed both longitudinal and cross-sectional research designs.
 Place Study Duration: covered Kenya. Data was collected from year 2008 2021.
 Methodology: study's target population included 7 companies se...

Foreign firms terminate their Securities and Exchange Commission registration in the aftermath of the Sarbanes–Oxley Act (SOX) because they no longer require outside funds to finance growth opportunities. Deregistering firms’ insiders benefit from greater discretion to consume private benefits without having to raise higher cost funds. Foreign firms with more agency problems have worse stock-pr...