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Wyświetlanie pozycji 1-6 z 6
The European energy crisis and the US natural gas market dynamics. A structural VAR investigation
(2024-03)
The Russian invasion of Ukraine triggered severe disruptions in the European energy markets and caused significant shifts in global natural gas flows. In this paper we investigate to what extent this European shock has ...
Estimating the membership function of the fuzzy willingness-to-pay/accept for health via Bayesian modelling
(2016-05)
Determining how to trade off individual criteria is often not obvious, especially when attributes of very different nature are juxtaposed, e.g. health and money. The difficulty stems both from the lack of adequate market ...
One model or many? Exchange rates determinants and their predictive capabilities
(2020-07)
In this paper the Dynamic Bayesian Model Averaging (DMA) algorithm is used to establish the key determinants of the nominal exchange rates of 5 currencies: CAD, EUR, GBP, CHF and JPY against the US dollar. My results ...
Have European natural gas prices decoupled from crude oil prices? Evidence from TVP-VAR analysis
(2022-06)
Unprecedented increases in European natural gas prices observed in late 2021 and early 2022 raise a question about the sources of these events. In this article we investigate this topic using a time-varying parameters ...
How regional business cycles diffuse across space and time : evidence from a Bayesian Markov switching panel of GDP and unemployment in Poland
(2023-01)
We investigate the regional business cycles at NUTS-3 granularity in Poland (N=73) using two variables in parallel: GDP dynamics and unemployment. The model allows for both idiosyncratic business cycle fluctuations in a ...
Institutional determinants of export competitiveness among the EU countries: evidence from Bayesian model averaging
(2019-04)
Although the impact of institutions has been broadly studied in the literature on economic growth, their impact on international trade is less well-established. We aim to fill this gap by creating an extended database that, ...