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On the Possibility and Desirability of Stabilization Policy: A Comment
Possibility Stabilization Policy
2015/8/5
On the Possibility and Desirability of Stabilization Policy: A Comment.
Credit Crunch, Social Mobility and the Quest for Sustainable Communities: Revisiting the Possibility of Social Credit
social credit sustainable communities socioeconomic background an appropriate mode
2011/9/2
The article focuses on the possible use of social credit in building sustainable communities. It discusses the linkages between social credit, social mobility, and sustainable communities that suggest...
Ambiguous Volatility, Possibility and Utility in Continuous Time
ambiguity uncertain volatility option pricing recursive utility stochastic differential utility G-expectation G-Brownian motion nonequivalent measures uncertain possibility quasisure analysis
2011/3/30
We formulate a model of utility for a continuous time framework that captures the decision-maker's concern with ambiguity or model uncertainty. The main novelty is in the range of model uncertainty th...
Pricing and Hedging in Affine Models with Possibility of Default
Pricing Hedging in Affine Models Possibility of Default
2011/1/4
We propose a general class of models for the simultaneous treatment of equity, corporate bonds, government bonds and derivatives. The noise is generated by a general affine Markov process. The framewo...
Machiavelli’s Possibility Hypothesis
Dictator aggregation of preferences republic democracy
2010/12/6
This paper discusses the thesis that in Arrow’s Possibility Theorem the dictator (merely) serves as a solution to the logical problem of aggregating preference while Machiavelli’s dictator, the Prince...
Euro Experience and the Possibility of Financial & Monetary Integration in Arab Gulf Countries
Gulf Cooperation Council Gulf Economy Impossible Triangle Theory Optimum Currency Areas Regional Organization
2015/8/19
Based on the theories of Optimum Currency Areas and Impossible Triangle, this article considers the practice analysis of the Euro and European Central Bank, and proposes the possibility of monetary in...