Distributed lag models are an important tool in modeling dynamic systems in economics. In the analysis of composite forms of such models, the component models are ordered in parallel (with the same independent variable) and/or in series (where the independent variable is also the dependent...

Aim of the research is an analysis of the mechanism of transmission of the disturbances caused by the supply or price shocks in such economic systems as the supply chains, linked markets, etc. The interest of the study is focused on the propagation of shocks in the complex systems with...

The emission trading is proposed in the Kyoto Protocol. An appropriate market and the market of financial derivatives for allowances will be established. Using the neutral martingale method and Monte Carlo simulations, we propose a stochastic model with a pricing formula, which may be useful for...

The analysis presented in this paper is focused on the basic properties of discrete distributed lag models. Such models are commonly used to model dynamic systems in different applications. In the presented considerations, time-varying distributed lags are analyzed. The composite distributed lag...

The paper presents the general outline and the most important results from an econometric model MODROL, developed by the authors, for analyzing and forecasting the impact from the instruments of the Common Agricultural Policy of the European Community on the Polish agricultural sector. The basic...

The analysis presented in this paper is focused on the basic properties of discrete distributed lag models. Such models are commonly used to model dynamic systems in different applications. In the presented considerations, time-varying distributed lags are analyzed. The composite distributed lag...

The paper presents the general outline and the most important results from an econometric model MODROL, developed by the authors, for analyzing and forecasting the impact from the instruments of the Common Agricultural Policy of the European Community on the Polish agricultural sector. The basic...