Motivated by a consumption-based asset pricing model, this paper checks the time horizon sensitivity of the forward premium puzzle from 1994 to 2004. The in-sample estimation shows that the longer the time horizon (up to 1 year), the more the future spot exchange return deviates from its...

This paper examines the gains of using high-frequency data in detecting volatility spillovers, risk hedging, and asset allocation. In particular, a realized covariation method based on intra-day US and Japan index funds data is compared with a bi-variate GARCH method based on the same data...

Biomass gasification based building cooling, heating, and power (BCHP) system is an effective way of increasing and improving the use of biomass resources and distributed generation. The key step in designing a BCHP plant is to determine the best configuration in terms of the integrated...

We analyze the agricultural industrial competitiveness in China's 30 provinces (municipalities and autonomous regions), to provide a reference for the relevant state departments to develop the agricultural industry policy. Using factor analysis and expert consulting method, we determine the...

Surface global solar radiation (GSR) is the primary renewable energy in nature. Geostationary satellite data are used to map GSR in many inversion algorithms in which ground GSR measurements merely serve to validate the satellite retrievals. In this study, a simple algorithm with artificial...

Failure of a component in BCHP (building cooling, heating and power) system may result in failure of a sub-system or of the whole system. The reliability and availability analysis of BCHP system is helpful to the designer to decide the redundancy in case of equipment failure. This paper presents...

A theoretic model is developed to describe the moisture desorption-and-adsorption cycle of silica gel dehumidification system with or without ultrasonic-assisted regeneration. The model has been validated by a series of experiments. The AMRC (additional moisture removal capacity) and the DCOP...