We extend Jurado et al. (2015)’s forecast-error-based uncertainty measure to the international context, and construct a new measure of global uncertainty. We examine dynamic causal effects among global uncertainty and other global macroeconomic variables, and provide two important applications...

This thesis examines the performance, challenges and prospects of the Chinese coalindustry under transformation in the market transition period from 1993 to date. The term'transformation' is used intentionally to distinguish it from 'transition', which is more commonly used. While issues arising...