The analytic network process (ANP) is a methodology for multi-criteria decision making used to derive priorities of the compared elements in a network hierarchy, where the dependences and feedback within and between the elements can be considered. However, the ANP is limited to the input...

This study presents a two-stage evaporative cooling air conditioning system with internally cooled desiccant beds. After the first evaporative cooling, the air enters the internally cooled desiccant beds for dehumidification. Dehumidification can increase the difference between the humid air...

The extant structural vector autoregression (SVAR) literature typically focuses on one shock at a time when studying the behavior of the exchange rates, which risks confounding the identified shock with the endogenous responses to the unidentified shocks. This paper proposes a novel SVAR...

This study aims to analyze the information effects of US monetary policy on the global financial cycle. By combining external instruments and narrative sign restrictions, we are able to identify monetary policy and central bank information shocks. The results show that a tightening monetary...

This paper addresses an issue that has long been neglected in the proxy structural vector autoregression (SVAR) literature, namely the need for model-implied shock realizations to align with historical records. To resolve this issue, we propose a solution that combines the proxy SVAR approach...