883 Results Found

This paper makes a comparison between the financing of health systems in six European Member States: France, Denmark, Spain, Bulgaria, Romania and Hungary, starting from the structure of financial allocations to health systems in the context of fluct...

Macroeconomic mathematical models are practical instruments structured to carry out theoretical analyses of macroeconomic developments. In this manuscript, the Caputo-like fractional operator of variable order is used to introduce and investigate the...

Forecasting macroeconomic variables is essential to macroeconomics, financial economics, and monetary policy analysis. Due to the high dimensionality of the macroeconomic dataset, it is challenging to forecast efficiently and accurately. Thus, this s...

This study develops a model to predict and explain short-term fluctuations in the Brazilian local currency interest rate term structure. The model relies on the potential relationship between these movements and key macroeconomic factors. The methodo...

This review analyzes articles on the mathematical modeling of economic facts and processes. Mathematical modeling of the economy has rapidly developed in the past and current centuries. This is explained by the fact that, firstly, economics does not...

Hydrogen is a promising fuel to decarbonize aviation, but macroeconomic studies are currently missing. Computable general equilibrium (CGE) models are suitable to conduct macroeconomic analyses and are frequently employed in hydrogen and aviation res...

This study develops a dynamic IS-LM macroeconomic model that incorporates delayed taxation and a memory-dependent income effect, and calibrates it to quarterly data for Romania (2000–2023). Within this framework, fiscal policy lags are modelled...

Bitcoin’s role in global finance has rapidly expanded with increasing institutional participation, prompting new questions about its linkage to macroeconomic variables. This study thoughtfully integrates a Bayesian Markov Chain Monte Carlo (MCM...

This paper presents a macroeconomic approach to calculating Climate Value-at-Risk (CliVaR) for financial institutions, addressing critical limitations in existing commercial solutions and historical data availability. This methodology leverages the N...

The non-causal (“forward-looking”) solution used routinely in academic macroeconomics may represent a violation of a law of entropy, namely that the direction of time is one way (from the past and towards the present), and that the varian...

As a form of long-term asset allocation, pension fund investment necessitates accurate estimation of both asset returns and associated risks over extended time horizons. However, long-term asset returns are significantly influenced by macroeconomic f...

In this paper, a model matching feedback law design technique is applied to a macroeconomical model. We calculate, using computational algebra methodology, which paths of government expenditure and extra taxation will lead the system to a desired dyn...

Retrofitting existing buildings is a cornerstone of Europe’s strategy for a sustainable built environment. Therefore, accurate short-term forecasts to evaluate policy impacts and inform future strategies are needed. This study investigates the...

This paper contributes to the literature by demonstrating that behavioral macroeconomic models better explain macroeconomic volatility in emerging economies compared to traditional rational expectations frameworks. We explore behavioral macroeconomic...

We study a monetary version of the Keen model by merging two alternative extensions, namely the addition of a dynamic price level and the introduction of speculation. We recall and study old and new equilibria, together with their local stability ana...

The purpose of this paper is to measure and forecast the macroeconomic performance in developed countries and Asian developing countries over the periods from 2013 to 2016 and 2017 to 2020. We used four macroeconomic indicators: government gross debt...

Existing stock volatility forecasting models predominantly rely on same-frequency market data while neglecting mixed-frequency integration and face particular challenges in incorporating low-frequency macroeconomic variables that exhibit temporal mis...

In this paper, we propose a macroeconomic growth model, in which we take into account memory with power-law fading and gamma distributed lag. This model is a generalization of the standard Harrod–Domar growth model. Fractional differential equa...

This research studies the impact of macroeconomic announcement surprises on daily U.S. Treasury excess returns during the heart of Alan Greenspan’s tenure as Federal Reserve Chair, addressing the possible limitations of standard static regressi...

This paper investigates how external shocks propagate through fiscal transmission mechanisms in a commodity-dependent economy within a dynamic macroeconomic framework. The study contributes to the literature on macroeconomic fluctuations by examining...

The primary goal of the present study was to assess the efficacy of the inflation-targeting framework (ITF) within the Egyptian economy. This was achieved by scrutinizing the monetary policy framework (MPF) from 2005 to 2022 and measuring its effecti...

Several studies have explored the linkage between non-performing loans and major macroeconomic indicators, using a wide variety of methodologies, sometimes with different results. This occurs, we argue, because these relationships are generally deriv...

The aim of this study is to analyze which factors affect the profitability of banks in the eurozone and to make recommendations for supporting them to achieve higher levels of profitability in particular eurozone countries. The banks operating in the...

We assess the relative importance of domestic and foreign disturbances in explaining fluctuations in key macroeconomic variables and find that both types of shocks are equally important. We reach this conclusion within a constructed two-sector open e...

In alignment with the European Union’s legislation, Greece submitted its final 10-year National Energy and Climate Plan (NECP) in December 2019, setting more ambitious energy and climate targets than those originally proposed in the draft version of...

The nascent wave energy sector has the potential to contribute significantly to global renewables targets, yet at present there are no proven commercially viable technologies. Macro-economic assessment is seldom used to assess wave energy projects, y...

Vaccination is an established intervention that reduces the burden and prevents the spread of infectious diseases. Investing in vaccination is known to offer a wide range of economic and intangible benefits that can potentiate gains for the individua...

Globalization opens up economies and encourages the free movement of persons and factors of production. Diaspora investors and workers earn income in the process and make remittances to the migrating countries. We examine the impact of the remittance...

Macro-economic development of China’s health industry is essential to the sustainable development and growth momentum of the national economy. Strategies to promote the development and rebalancing of the industrial structure need to be improved...

This paper attempts to examine whether socioeconomic volatility produces differentiated effects on road traffic accident indicators. Adopting the Autoregressive distributed lag error-correction model (ARDL-ECM), this paper explores the long-term equi...

A mathematical model of sustainable resource allocation in a competitive economy is developed and studied, taking into account transaction costs and technological constraints. The model describes the interaction of producers and consumers and introdu...

Sustainable development embraces a broad spectrum of social, economic and ecological aspects. Thus, a sustainable transformation process of energy systems is inevitably multidimensional and needs to go beyond climate impact and cost considerations. A...

This study utilized both single-regime GARCH and double-regime GARCH models to investigate oil price volatility, Spanish macroeconomic factors, and stock prices during major crises such as geopolitical conflicts, the global financial crisis (GFC), an...

In this paper we investigate the short-run and long-run determinants of the informal economy in Romania using Dynamic General Equilibrium (DGE)-based estimates of informal output as the dependent variable. An ARDL model is used to analyze macroeconom...

This research seeks to evaluate the effects of the preceding cyclical indicators and macroeconomic variables on the performance of the Brazilian stock market from January 2011 to December 2022. The objective is to identify how these factors influence...

The aim of this research is to relate clean energies, CO2 emissions, and economic variables. Relationships can be generated that characterize countries that manage to relate the use of clean energy with GDP, economic openness, and economic growth. We...

It is difficult to manage resources allocation and pollution in a multi-regional country with mutually competitive relations. This work therefore intends to propose an optimal control model for the management problem. Through introducing the union ut...

A novel class of dimension reduction methods is combined with a stochastic multi-factor panel regression-based state-space model in order to model the dynamics of yield curves whilst incorporating regression factors. This is achieved via Probabilisti...

In this study, we construct heterogeneous agent general equilibrium models to investigate the relative importance of labor endowment in driving structural transformation. We aim to explore the following question: beyond the demand-side and supply-sid...

This paper presents a comparative empirical analysis of three modeling approaches applied to the forecasting of Morocco’s Real Effective Exchange Rate (REER): the ARIMA model, the Random Forest algorithm, and the Dynamic Factor Model (DFM). Uti...

Wage coordination plays an important role in macroeconomic stabilization. Pattern wage bargaining systems have been common in Europe, but in different forms, and with different degrees of success in terms of actual coordination reached. We focus on w...

Shimer documents that the search-and-matching model driven by productivity shocks explains only a small share of the observed volatility of unemployment and vacancies, which is known as the Shimer puzzle. We revisit this evidence by replacing the rep...

A mathematical model of economic growth with fading memory and continuous distribution of delay time is suggested. This model can be considered as a generalization of the standard Keynesian macroeconomic model. To take into account the memory and gam...

The paper’s primary purpose is to better monitor shocks; therefore, reliable scientific methods should be used to predict, monitor, and implement those events. In this paper, tourism prices are studied as an economic, I(2) and social phenomenon...

The avenue to find a balanced assessment of systemic financial institutions needs the integration of macro and micro granular datasets. This paper investigates how macroeconomic shocks affect systemic risk through several transmission channels. Emplo...

In this paper, based on Generalized Autoregressive Conditional Heteroskedasticity (GARCH) model, five financial serials are dynamically weighted, and then China’s Financial Conditions Index is synthesized to measure China’s financial cycl...

As a small and open economy, Uruguay is highly exposed to international and regional shocks that affect domestic uncertainty. To account for this uncertainty, we construct two geometric uncertainty indices (based on the survey of industrial expectati...

The COVID-19 pandemic and subsequent lockdowns highlight the close and delicate relationship between a country’s public health and economic health. Models that combine macroeconomic factors with traditional epidemic dynamics to calculate the impacts...

Unlike the existing literature, which primarily studies the impact of only monetary policy shocks on real estate investment trusts (REITs), this paper develops a change-point vector autoregressive (VAR) model and then analyzes, for the first time, re...

We examine the impact of oil price and oil price volatility on US illiquidity premiums (return on illiquid-minus-liquid stocks), using the US Oil Fund options implied volatility OVX index. We use daily data from 2007 to 2018, taking into account the...