We employ Bayesian method to estimate a time-varying coefficient version of the de facto currency basket model of Frankel and Wei (2007) for the RMB of China, using daily data from February 2005 to July 2011. We estimate jointly the implicit time-varying weights of all 11 currencies in the...

We employ a Bayesian method to estimate a time-varying coefficient version of the de facto currency basket model of Frankel and Wei (2007) for the RMB of China, using daily data from February 2005 to July 2011. We estimate jointly the implicit time-varying weights of all 11 currencies in the...

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There are three systems and applications of fuel cells in China, namely transportation fuel cells, stationary systems and portable fuel cells. It is important for China to analyze the supply and the cost of fuel cells in the context of the energy crisis. After introducing the current situation...

How do geography and other barriers to the free flow of information shape the rate of knowledge diffusion? To address this question, we develop an empirical model of product discrete choice with Bayesian learning on a social network. Estimating this model using monthly data on the...

The JRR-3M reactor is a water-cooled plate-type reactor for research. A macro benchmark based on the JRR-3M reactor is established with the Monte-Carlo code RMC and deterministic direct transport code SHARK with accurate and explicit geometry modeling. A series of cases from 2D lattice to 3D...