mmi10 Posch 12046532 en
... risk premia over the business cycle.5 Although these key features of the risk premium are negligible in the standard real business cycle model, we show that they become relevant, and asset market implications improve substantially when we allow for non-normalities in the form of rare disasters (Riet ...
... risk premia over the business cycle.5 Although these key features of the risk premium are negligible in the standard real business cycle model, we show that they become relevant, and asset market implications improve substantially when we allow for non-normalities in the form of rare disasters (Riet ...
Lecture6KS
... But there are more: The times when the robot touches an obstacle. Or when the light cones from both ends of a disappearing obstacle meet. ...
... But there are more: The times when the robot touches an obstacle. Or when the light cones from both ends of a disappearing obstacle meet. ...
Capital Structure Decision
... capital structure it should not loose site of the future impact of its present financial plan. For example if the firm has exhausted its firms capital it may be force to issue equity shares for future financing on unfavorable term due to heavy debt. Hence the firm should all ways return some unused ...
... capital structure it should not loose site of the future impact of its present financial plan. For example if the firm has exhausted its firms capital it may be force to issue equity shares for future financing on unfavorable term due to heavy debt. Hence the firm should all ways return some unused ...
Review: Kd-tree Traversal Algorithms for Ray Tracing
... while current node is not a leaf do a ← current node’s split axis; t ← (current node’s split position.a - ray origin.a) / ray dir.a; (near, far) ← classify near/far with (split position.a > ray origin.a); if t ≥ exit distance or t < 0 then current node ← near; ...
... while current node is not a leaf do a ← current node’s split axis; t ← (current node’s split position.a - ray origin.a) / ray dir.a; (near, far) ← classify near/far with (split position.a > ray origin.a); if t ≥ exit distance or t < 0 then current node ← near; ...
Fundamental Data Structures
... In the second part (out of the three parts) of the course, we will concentrate on fundamental data structures, how to organize data for more efficient problem solving. The first type of data structure is index-based data structures, such as lists and hashtables. Each element is accessed by an index, ...
... In the second part (out of the three parts) of the course, we will concentrate on fundamental data structures, how to organize data for more efficient problem solving. The first type of data structure is index-based data structures, such as lists and hashtables. Each element is accessed by an index, ...
Asian Investment Grade USD Bonds an Under Appreciated Asset
... Source: Barclays, MSCI, IBOX and S&P Index data. Returns and volatility measured from October 2009 to May 2015. Past performance not indicative of future results. ...
... Source: Barclays, MSCI, IBOX and S&P Index data. Returns and volatility measured from October 2009 to May 2015. Past performance not indicative of future results. ...
Joshua Aizenman Massachusetts Avenue Working Cambridge, MA 02138
... and the Phillips curve slope. The role of optimal re—contracting is to mitigate the output effects of various shocks. In the context of an open economy the difference between optimal wage indexation and optimal wage re— contracting is manifested in the fact that the desirability of various exchange ...
... and the Phillips curve slope. The role of optimal re—contracting is to mitigate the output effects of various shocks. In the context of an open economy the difference between optimal wage indexation and optimal wage re— contracting is manifested in the fact that the desirability of various exchange ...
developing expected return and risk assumptions
... wide spectrum of leading investment practitioners, including ourselves. One conclusion is that, since the mean-variance approach is a single-horizon model, it is limited in its applicability to measuring risk within an investment horizon, particularly if correlations between asset classes are non-co ...
... wide spectrum of leading investment practitioners, including ourselves. One conclusion is that, since the mean-variance approach is a single-horizon model, it is limited in its applicability to measuring risk within an investment horizon, particularly if correlations between asset classes are non-co ...
econstor
... The rest of the paper is organized as follows: In section 2 we define the economy of the model and in section 3 we use the contingent claims valuation technique to derive analytical functions for the levered firm and debt value. In section 4 we estimate the model’s parameters and analyze implication ...
... The rest of the paper is organized as follows: In section 2 we define the economy of the model and in section 3 we use the contingent claims valuation technique to derive analytical functions for the levered firm and debt value. In section 4 we estimate the model’s parameters and analyze implication ...
Three Essays in Monetary Economics
... Does money matter for inflation? And if so, at what horizon is the comovement most pronounced? While the literature is very ambiguous in answering the first question, it is very vague on the second. From a policy perspective, however, both questions are highly relevant and may become of particular imp ...
... Does money matter for inflation? And if so, at what horizon is the comovement most pronounced? While the literature is very ambiguous in answering the first question, it is very vague on the second. From a policy perspective, however, both questions are highly relevant and may become of particular imp ...
Deletion Without Rebalancing in Non-Blocking Self
... research on the sequential counterparts. In addition, for experimental evaluations, almost all existing empirical studies [2, 4, 7, 12, 20, 22, 24, 29, 30] are performed using randomly generated data under uniform distribution. This approach, however, has some drawbacks. As mentioned in [2, 7, 26], ...
... research on the sequential counterparts. In addition, for experimental evaluations, almost all existing empirical studies [2, 4, 7, 12, 20, 22, 24, 29, 30] are performed using randomly generated data under uniform distribution. This approach, however, has some drawbacks. As mentioned in [2, 7, 26], ...
Data Structures Using C(cs221) - Prof. Ramkrishna More Arts
... 4. How to find the time complexity of an algorithm? Ready References Let LIST be a collection of data elements into memory. Searching refers to the operation of finding the location of given ITEM in LIST. The searching said to be successful, if ITEM is found in LIST and unsuccessful otherwise. There ...
... 4. How to find the time complexity of an algorithm? Ready References Let LIST be a collection of data elements into memory. Searching refers to the operation of finding the location of given ITEM in LIST. The searching said to be successful, if ITEM is found in LIST and unsuccessful otherwise. There ...
Cheap Credit, Collateral and the Boom-Bust Cycle
... budget constraint still applies, these households must reduce their housing and non-housing consumption in the future (which is anticipated), and when they do so, the dynamics play out in reverse. Given the low interest rate, they are willing to endure this period of declining consumption in return ...
... budget constraint still applies, these households must reduce their housing and non-housing consumption in the future (which is anticipated), and when they do so, the dynamics play out in reverse. Given the low interest rate, they are willing to endure this period of declining consumption in return ...
Soft Landings (February 2000), with Martin Schneider
... only when there is a critical mass of defaults. Collateral then still matters for credit, because lenders have to guard against idiosyncratic default risk. In a world with bailout guarantees, entrepreneurs and lenders try to collude to exploit the bailout guarantee. There are two implications for po ...
... only when there is a critical mass of defaults. Collateral then still matters for credit, because lenders have to guard against idiosyncratic default risk. In a world with bailout guarantees, entrepreneurs and lenders try to collude to exploit the bailout guarantee. There are two implications for po ...
Shallow Bounding Volume Hierarchies for Fast SIMD Ray Tracing of
... SIMD registers by using masking and swizzling. First the four child pointers are loaded into a SIMD register. Second, a SIMD mask is constructed for each of the three axes stored in the BVH node based on the sign of the ray direction of that component. Third this mask is used to select either the or ...
... SIMD registers by using masking and swizzling. First the four child pointers are loaded into a SIMD register. Second, a SIMD mask is constructed for each of the three axes stored in the BVH node based on the sign of the ray direction of that component. Third this mask is used to select either the or ...
jhtp10_ch21
... searches the classpath (the current directory by default). The classpath can be specified explicitly by using the same techniques discussed for the compiler. As with the compiler, it’s better to specify an individual program’s classpath via command-line JVM options. You can specify the classpa ...
... searches the classpath (the current directory by default). The classpath can be specified explicitly by using the same techniques discussed for the compiler. As with the compiler, it’s better to specify an individual program’s classpath via command-line JVM options. You can specify the classpa ...
Lattice model (finance)
For other meanings, see lattice model (disambiguation)In finance, a lattice model [1] is a technique applied to the valuation of derivatives, where, because of path dependence in the payoff, 1) a discretized model is required and 2) Monte Carlo methods fail to account for optimal decisions to terminate the derivative by early exercise. For equity options, a typical example would be pricing an American option, where a decision as to option exercise is required at ""all"" times (any time) before and including maturity. A continuous model, on the other hand, such as Black Scholes, would only allow for the valuation of European options, where exercise is on the option's maturity date. For interest rate derivatives lattices are additionally useful in that they address many of the issues encountered with continuous models, such as pull to par.