Firms must transform production processes towards sustainable technologies in response to climate change and the emergence of policies aiming to curb carbon emissions. The energy shock due to the war in Ukraine renders this transformation not only important, but also urgent. All this requires...

Course outline: 1. Overview of Bayesian econometrics: Bayesian theory and computations 2. Linear regressions: Gaussian and t errors, moving average errors, independence-chain Metropolis-Hastings, Griddy-Gibbs 3. Mixture models: scale mixture of normals, finite mixture of normals 4. Linear state...