This paper explores the existence of a bounce-back effect in inventory investment using the European Community opinion survey on stocks of finished products in manufacturing. A threshold autoregression allowing for a transitory strong recovery phasis is estimated for French, German and European...

Threshold adjustment of cointegrated processes What do we know about three-regime models? This paper focuses on the threshold cointegration concept as introduced by Balke and Fomby in 1997 within three-regime threshold models. The main goal is to propose an overview of this ever growing...

Most of the international environmental agreements that have been signed in the past to resolve transboundary pollution problems appear constrained in the sense that either monetary transfers accompany uniform abatement standards (agreements based on a uniform standard with monetary transfers),...