In this paper we analyse the current trend towards a higher degree of market integration in Europe and identify those aspects that are particularly relevant for Italy. The Italian involvement in this process appears comparatively modest: contributions from policy makers, practitioners and...

Electricity demand is modeled as a time-varying parameters (TVP) vector autoegression with or without imposing cointegration. The paper applies Bayesian strategies where all or a part of the parameters are allowed to vary, and compares their forecasts performances with alternative time series...