The optimal currency literature has stressed the importance of labor mobility as a precondition for the success of monetary unions. But only a few studies formally link labor mobility to macroeconomic adjustment and policy. In this paper, we study macroeconomic dynamics and optimal monetary...

Based on empirical evidence, I propose a dynamic stochastic general equilibrium model with two financial sectors to analyze the role of corporate debt composition (bank versus bond financing) in the transmission of economic shocks. It is shown that in the presence of monetary and financial...

Absorption of European funds is for Romania the defining factor that can stimulate economic growth. The banking system in Romania must be directly involved in accelerating the attraction of European funds, and must actively contribute to improving the general framework for attracting them.

Absorption of European funds is for Romania the defining factor that can stimulate economic growth. The banking system in Romania must be directly involved in accelerating the attraction of European funds, and must actively contribute to improving the general framework for attracting them.

Based on empirical evidence, I propose a dynamic stochastic general equilibrium model with two financial sectors to analyze the role of corporate debt composition (bank versus bond financing) in the transmission of economic shocks. It is shown that in the presence of monetary and financial...

The optimal currency literature has stressed the importance of labor mobility as a precondition for the success of monetary unions. But only a few studies formally link labor mobility to macroeconomic adjustment and policy. In this paper, we study macroeconomic dynamics and optimal monetary...

The focus of the volume is on dealing with uncertainties and challenges within the global marketplace brought by digital technology companies that are leveraging artificial intelligence, machine learning, cloud computing, robotic automation, augmented reality, and other recent advancements....

1. Introduction -- 2. An Integrated Model and Application for Smart Building Systems with Artificial Intelligence -- 3. Artificial Intelligence for Smart Cities: Locational Planning and Dynamic Routing of Emergency Vehicles -- 4. The “Transformative” Effect of Artificial Intelligence Systems...