The paper considers the forecasting of the Warsaw Stock Exchange price index WIG20 by applying a state space wavelet network model of the index price. The approach can be applied to the development of tools for predicting changes of other economic indicators, especially stock exchange indices. The paper presents a general state space wavelet network model and the underlying principles. The mode...

Most real problems need to be modelized using multiple state variables, combine multiple Real Options (very often american-style ones) and have complex cash flow functions. In this paper we present a new ScenariosMonte Carlo method to approach this kind of high-dimensional Real Options problems. The method is based on scenarios spaces built at each exercise date so that the payoff function can ...

T he relationship between the price of oil and the level of economic activity is a fundamental empirical issue in macroeconomics. In this research, by using a multivariate GARCH-in-Mean VAR, we try to investigate direct effects of uncertainty of oil price on macroeconomics of Iran by using annually data from 1965 to 2013.Results show that uncertainty about oil prices had a negative a...

abstract t he relationship between public sector deficits and inflation is one of the important and controversial issues in the academic literature as well as in economic policy field. on the other hand, a major objective of macroeconomic policies is to foster economic growth and to keep inflation on a low level. so keeping the price stability plays an important role in determining the growth r...

This study investigates factors affecting tourism demands in Selected OIC Countries for the period of 2004 to 2016. The economic variables used in this study are tourist receipts, GDP per capita, real exchange rate, population, Trade openness and Consumer Price Index. GLS method is applied in the research model in order to investigate the relationship between tourist receipts, GDP per capita, r...