How does real consumption react to real exchange rate uncertainty in a monetary union? In the eurozone, the world’s largest monetary union, we document that exchange rate uncertainty significantly dampens real consumption in the long run while the effect is mixed in the short run. In our...

Markov chain models are commonly used in stock market analysis, manpower planning, and in many other areas because of its efficiency in predicting long run behaviour. This study proposes a simple predicting tool to forecast the future behaviour of stock prices. The study analyses the stock price...