We propose a new approach to deal with structural breaks in time series models. The key contribution is an alternative dynamic stochastic specification for the model parameters which describes potential breaks. After a break new parameter values are generated from a so-called baseline prior...

This discussion paper resulted in a publication in the 'Journal of Banking and Finance' (2013). Vol. 37, issue 12, pages 5073-5087.<P> This paper conducts a horse-race of different liquidity proxies using dynamic asset allocation strategies to evaluate the short-horizon predictive ability of...</p>

The paper presents the Version 2000 of the Romanian macromodel (elaborated by the author). For the period 2003-2010, two scenarios have been elaborated. The first, named “Desirable” incorporates the main lines of the Strategy for integration of Romania into European Union. The second...

В статье предпринята попытка разработки нового подхода к системе формирования банковского резерва на возможные потери по кредитам. Данная методология...

Рассмотрены результаты исследований влияния различных способов обработки почвы на засоренность посевов и их влияние на продуктивность сельскохозяйственных...

Burfi is an extremely popular sweetmeat, which is prepared by desiccating the standardized water buffalo milk. Soft computing feedforward single layer models were developed for predicting the shelf life of burfi stored at 30ºC. The data of the product relating to moisture, titratable acidity,...

An approach to determine the demand in carrying passengers on the intercity bus route (on the example of intercity route of "Debaltsevo Sverdlovsk") is offered in the article. The approach consists of five stages: substantiation of the necessity of intercity bus route opening; determination of...

В статье приводится анализ обобщающих результатов работы аграрного сектора экономики Ставропольского края. Систематизируются факторы, оказывающие негативное...