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Publications
Working Papers

Oil Prices and the Global Economy: Is It Different This Time Around?

Kamiar Mohaddes and Hashem Pesaran

The recent plunge in oil prices has brought into question the generally accepted view that lower oil prices are good for the US and the global economy. In this paper, ... read more


Publications
Working Papers

An Investigation of the Month-Of-The-Year Effect for the Sudanese Stock Market

Suliman Zakaria

This paper investigates the month-of-the-year effect for the Sudanese stock market by using daily closing values of the market index over the period January 2, 2008, to December 30, 2014. ... read more


Publications
Working Papers

Country-Specific Oil Supply Shocks and the Global Economy: A Counterfactual Analysis

Kamiar Mohaddes and Hashem Pesaran

This paper investigates the global macroeconomic consequences of country-specific oil-supply shocks. Our contribution is both theoretical and empirical. On the theoretical side, we develop a model for the global oil ... read more


Publications
Working Papers

The Differential Effects of Oil Demand and Supply Shocks on the Global Economy

Paul Cashin, Kamiar Mohaddes, Maziar Raissi and Mehdi Raissi

We employ a set of sign restrictions on the impulse responses of a Global VAR model, estimated for 38 countries/regions over the period 1979Q2--2011Q2, as well as bounds on impact ... read more


Publications
Working Papers

Accounting Information System of Tunisian SMEs: Complexity, Determinants and Impact on Financial Performance

Yosra Nouir and Sami Mensi

This research is twofold. The first is to identify potential determinants of Accounting Information System (AIS) characteristics for Small and Medium Entreprises (SMEs). The second is to prove whether an ... read more