This paper provides a selective overview of nonlinear exchange rate models recently proposed in the literature and assesses their contribution to understanding exchange rate behavior. Two key questions are examined. The first question is whether nonlinear autoregressive models of real exchange...

This paper reviews recent advances in the specification and estimation of Bayesian Vector Autoregressive models (BVARs). After describing the Bayesian principle of estimation, we first present the methodology originally developed by Litterman (1986) and Doan et al. (1984) and review alternative...

We propose using a Bayesian time-varying coefficient model estimated with Markov chain-Monte Carlo methods to measure contagion empirically. The proposed measure works in the joint presence of heteroskedasticity and omitted variables and does not require knowledge of the timing of the crisis. It...

In this paper, the genetic algorithm (GA) is originally applied to compute the Weibull parameters for wind characterization analysis, in which an objective function required in GA for searching optimization solution has been first defined as well. Wind data analyzed are observed at a wind farm...

Multi-stage multi-attribute group decision making (MS-MAGDM) as a familiar decision activity that usually occurs in our daily life, such as multi-stage investment decision making, medical diagnosis, personnel dynamic examination, military system efficiency dynamic evaluation, etc. The aim of...

During the last few years, Egypt has emerged as the leader of wind power in the Middle East and Africa. In the Gulf of Suez region, a continuously expanding large-scale grid-connected wind farm is available at Zafarana site. The Gulf of EL-Zayt site in the Gulf of Suez region is now under...