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This study examines, diagnoses, and assesses appropriate macroeconomic policy responses of the Montenegrin Government to the outbreak of COVID-19. The model econometrically measures the macroeconomic costs using a Bayesian VARX Litterman/ Minessota prior to the pandemic disease in terms of...
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In this article, a model for pandemic risk and two stochastic extensions is proposed. It is designed for actuarial …
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