within VAR, structural VAR, and the Factor-Augmented VAR framework. We document a well-functioning transmission mechanism similar to the euro area countries, especially in terms of persistence of monetary policy shocks. Subject to various sensitivity tests, we find that contractionary monetary...

En este documento se analizan las revisiones en tiempo real de las estimaciones de la brecha de producción (output gap) publicadas por la Comisión Europea para 15 países durante el período 2002-2014. De acuerdo con nuestro análisis, las revisiones en tiempo real de las brechas de...

Al igual que la mayoría de los datos macroeconómicos, las cifras de déficit público están sujetas a revisiones. Sin embargo, en el caso de Europa, estas podrían ser especialmente preocupantes dado el papel que desempeñan los datos fiscales en el funcionamiento de las reglas de...

The growth of beach tourism has introduced both opportunities and challenges for destination management, necessitating innovative approaches to sustain and enhance beach environments. This paper reviews the literature on smart beach management and sustainable practices, focusing on how real-time...

Many medical studies collect biomarker data to gain insight into the biological mechanisms underlying both acute and chronic diseases. These markers may be obtained at a single point in time to aid in the diagnosis of an illness or may be collected longitudinally to provide information on the...

Since the formulation by Black, Scholes, and Merton in 1973 of the first rational option pricing formula which depended only on observable values, the volume of options traded daily on the Chicago Board of Exchange has grown rapidly. In fact, over the past three decades, options have undergone a...

Longitudinal and repeated measurement data commonly arise in many scientific researchareas. Traditional methods have focused on estimating single mean response as a function ofa time related variable and other covariates in a homogeneous population. However, in manysituations the homogeneity...

The proliferation of many clinical studies obtaining multiple biophysical signals from several individuals repeatedly in time is increasingly recognized, a recognition generating growth in statistical models that analyze cross-sectional time series data. In general, these statistical models try...

An Ornstein-Uhlenbeck process is the most basic mean-reversion model and has been used in various fields such as finance and biology. In some instances, reflecting boundary conditions are needed to restrict the state space of this process. We study an Ornstein-Uhlenbeck diffusion process with a...

The main concern of financial time series analysis is how to forecast future values of financialvariables, based on all available information. One of the special features of financial variables,such as stock prices and exchange rates, is that they show changes in volatility, or variance,over...