The gas production behavior from methane hydrate in the sediment by depressurization was investigated in a novel pilot-scale hydrate simulator (PHS), a three-dimensional pressure vessel of 117.8L. Experimental results are compared with those in a cubic hydrate simulator (CHS) with the effective...

A New-Keynesian model with deep habits and optimal monetary policy delivers a larger-than-1 fiscal multiplier and consumption crowding in. Optimized Taylor-type rules dominate a conventional Taylor rule. Consumption is crowded out if the Taylor rule is suboptimal or if commitment is absent.

The Pilot-Scale Hydrate Simulator (PHS, 117.8L pressure vessel) is used to study the methane hydrate dissociation with dual horizontal wells using both the steam assisted gravity drainage (SAGD) and the steam assisted anti-gravity drainage (SAAD) methods. This study is the first time to propose...

A 117.8L three-dimensional pressure vessel is used to study the methane hydrate dissociation with the steam assisted gravity drainage (SAGD) method. It is called the Pilot-Scale Hydrate Simulator (PHS). This study proposes the evaluation and the comparisons of the gas production performance by...

We develop two parsimonious models for pricing multi-name credit derivatives. We derive closed form expression for the loss distribution, which then can be used in determining the prices of tranche and index swaps and more exotic derivatives on these contracts. Our starting point is the model of...

We provide a tool for estimating DSGE models by BayesianMaximum-likelihood methods under very general information assumptions. This framework is applied to a New Keynesian model where we compare the standard approach, that assumes an informational asymmetry between private agents and the...

We provide a tool for estimating DSGE models by Bayesian Maximum-likelihood meth?ods under very general information assumptions. This framework is applied to a New Keynesian model where we compare the standard approach, that assumes an informa?tional asymmetry between private agents and the...

We develop a closed-economy DSGE model of the Indian economy and estimate it by Bayesian Maximum Likelihood methods using Dynare. We build up in stages to a model with a number of features important for emerging economies in general and the Indian economy in particular: a large proportion of...

We develop a closed-economy DSGE model of the Indian economy and estimate it by Bayesian Maximum Likelihood methods using Dynare. We build up in stages to a model with a number of features important for emerging economies in general and the Indian economy in particular: a large proportion of...

This comprehensive Handbook presents the current state of art in the theory and methodology of macroeconomic data analysis. It is intended as a reference for graduate students and researchers interested in exploring new methodologies, but can also be employed as a graduate text. The Handbook...