-specific foreign output variable to capture direct inter-country linkages. In accord with the theory all variables are measured as … restrictions implied by the NK theory. The multi-country DSGE NK model is then solved to provide estimates of identified supply … through error spillover effects. Bootstrapped error bands are also provided for the cross country responses of a shock to the …

-specific foreign output variable to capture direct inter-country linkages. In accord with the theory all variables are measured as … restrictions implied by the NK theory. The multi-country DSGE NK model is then solved to provide estimates of identified supply … through error spillover effects. Bootstrapped error bands are also provided for the cross country responses of a shock to the …

structural models in the general case where the model might contain more than one permanent structural shock. It provides a …

The aim of this paper is to analyse the implications of the theory of irreversible investment under uncertainty for … investment in oil fields on the United Kingdom Continental Shelf (UKCS). We consider the problem of an operator who owns a … developed to derive decision rules for the timing of the irreversible development investment and for the optimal rate of …

experiments considered in this paper. Despite its simplicity, the theory behind the proposed approach is quite complicated. We …

experiments considered in this paper. Despite its simplicity, the theory behind the proposed approach is quite complicated. We …