In recent years, the international community has been increasing its efforts to reduce the human footprint on air pollution and global warming. Total CO2 emissions are a key component of global emissions, and as such, they are closely monitored by national and supranational entities. This study...

Fine wine and alcohol prices can be predicted, but the accuracy of the prediction depends on the chosen forecasting horizon. In our study, we analyse the fine wine indices, as well as the retail and wholesale alcohol prices in the US from January 1992 to March 2022. We use comprehensive datasets...

Can we predict fine wine and alcohol prices? Yes, but it depends on the forecasting horizon. We make this point by considering the Liv-ex Fine Wine 100 and 50 Indices, the retail and wholesale alcohol prices in the United States for the period going from January 1992 to March 2022. We use rich...

The present study aims at modelling market risk for four commodities, namely West Texas Intermediate (WTI) crude oil, natural gas, gold and corn for the period 2007-2017. To this purpose, we use Extreme Value Theory (EVT) together with a set of Conditional Auto-Regressive Logit (CARL) models to...

The paper examines over seventy episodes of current account adjustment in industrial and major emerging market economies. It argues that these episodes were characterised by strongly divergent economic developments. To reduce this divergence, the paper classifies episodes with similar...