The COVID-19 pandemic has challenged the notion that cryptocurrencies are uncorrelated with traditional asset markets. This study uses VAR-OLS techniques to investigate the time-varying correlation between Bitcoin and three major European stock market indices from January 4, 2016, to February...

The study investigates the relationship between industrial production and environmental quality in a Chinese economy. The estimates of the ARDL bounds test over the sample 1972-2020 provide evidence of the long-run relation between industrial production and environmental quality in the presence...

We consider impulse response inference in a locally misspecified stationary vector autoregression (VAR) model. The conventional local projection (LP) confidence interval has correct coverage even when the misspecification is so large that it can be detected with probability approaching 1. This...

While the legitimacy of the concept of the financial cycle (as distinct from the business cycle) in research and economic policy after the experience of the global financial crisis raises no concerns, the methodology for its application has become a subject of discussion. The purpose of this...

This study investigates the determinants of Indonesian’s business cycle using the global vector autoregressive (GVAR) approach, by including spillover responses within 33 countries with 2000 bootstrap replications. The results show that Indonesia’s business cycle is influenced by both...

The kidney allocation system aims to distribute kidneys from deceased donors in an equitable and potential-life optimising manner. This is a difficult task, not least because intrinsic biological differences, such as a person's ABO blood type, influence the allocation. This paper begins by...

The kidney allocation system aims to distribute kidneys from deceased donors in an equitable and potential-life optimising manner. This is a difficult task, not least because intrinsic biological differences, such as a person's ABO blood type, influence the allocation. This paper begins by...

This study first investigates the short and long-run effectsof exchange rate, output gap and output gap volatility on inflationvolatility in Turkey by using the ARDL bounds testing approach.Second, we also examine the causal relationship among these vari-ables by using Toda-Yamamoto and...

In this paper, we analyse the relationship between public primary deficit and debt for Italian sustainability over the 1862–2013 years. Our empirical strategy uses the wavelet analysis. The empirical evidence suggests the presence of a substantial fiscal sustainability in the long run for...