This study analyses how linking emissions trading systems affects the economical aspects of climate policy at both … and emissions targets. In addition we examine how linking affects the structure of emissions trading systems and decision …-making. To analyse specific effects, we formulate a partial-equilibrium model to depict linking. With given assumptions, cost …

losing much accuracy. Moreover, the calibration is almost automatic and it is simple and easy to implement. Adding this model …

“calibration” procedures for CGE models, which are utilized to infer economic data parameters values of a specific period, and that … consistency; the final calibration of the behavioral parameters and the validation of the model. The main objective is to present …

comparison is the choice of the fastest method for the calibration of stochastic volatility models, e.g. Heston, Bates, Barndor …®-Nielsen-Shephard models or Levy models with stochastic time. We show that using additional cache technique makes the calibration with the … direct integration method at least seven times faster than the calibration with the fractional FFT method. …

. Further, as well as accentuating on why issues relating to calibration and adequate focus on Pillar III of Basel II, namely …

. (2012) covering the empirical aspects regarding calibration of both the model and shocks related parameters. We have tried …

the credit reference. We present the model, the calibration algorithm, and the quanto CDS pricing. …