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Consumption-Savings Decisions with Quasi-Geometric Discounting

by Per Krusell, Anthony A. Smith, Jr. - Econometrica , 2001
"... We study the consumption-savings problem of an infinitely-lived, rational consumer who has time-inconsistent preferences in the form of quasi-geometric discounting. The consumer operates a weakly concave production function and must simply divide current resources into current consumption and saving ..."
Abstract - Cited by 88 (8 self) - Add to MetaCart
of the consumer's asset holdings indeterminate, but each stationary point has a continuum of dynamic paths converging to it. The savings policy rules underlying these dynamic paths are step functions.

Point?

by David F. Ransohoff, Michael Pignone, Louise B. Russell
"... The use of models in guidelines making may bereaching a kind of inflection point, based on the evolution of 2 separate—but coincidentally con-verging—lines of work in the fields of guidelines making and model building. The result will be improved transparency about the differences among guidelines a ..."
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The use of models in guidelines making may bereaching a kind of inflection point, based on the evolution of 2 separate—but coincidentally con-verging—lines of work in the fields of guidelines making and model building. The result will be improved transparency about the differences among guidelines

Stabilizing Powers of Monetary Policy under Rational Expectations

by Edmund S. Phelps, John B. Taylor - Journal of Political Economy , 1977
"... The potential of monetary policy to stabilize fluctuations in output and employment is demonstrated in a stochastic rational expectations model in which firms choose, considering average profitability, to set prices in advance of the period when they apply to goods sold. This lead time in pricing de ..."
Abstract - Cited by 98 (13 self) - Add to MetaCart
decisions increases the fluctuations of output about the normal employment level. But proper use of a feedback monetary policy rule can reduce these fluctuations even though expectations are rational and people know the policy rule. I t is noted that use of a rule-dictated policy sometimes requires

Learning About Monetary Policy Rules when Long-Horizon Expectations

by Bruce Preston, The Thanks Gauti Eggertsson, Pierre-olivier Gourinchas, Christian Julliard, Guido Lorenzoni, Kaushik Mitra, Lars Svens, Andrea Tambalotti, Lawrence Uren, Noah Williams, Especially Jonathan, Chris Sims - Matter,International Journal of Central Banking , 2005
"... This paper considers the implications of an important source of model misspecification for the design of monetary policy rules: the assumed manner of expectations formation. In the model considered here, private agents seek to maximize their objectives subject to standard constraints and the restric ..."
Abstract - Cited by 97 (9 self) - Add to MetaCart
(2002). A Taylor rule ensures convergence to the rational expectations equilibrium associated with this policy if the so-called Taylor principle is satisfied. This suggests the Taylor rule to be de-sirable from the point of view of eliminating instability due to self-fulfilling expectations.

Sun Microsystems

by Radia Perlman
"... The goal of supporting Single Sign-On to the Web has proven elusive. A number of solutions have been proposed – and some have even been deployed – but the capability remains unavailable to most users and the solutions deployed raise concerns for both convenience and security. In this paper, we enume ..."
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. We contrast the usability/privacy/security properties of our design with other identity management/authentication schemes deployed or being proposed today. Our design is truly user-centric, in the sense that the user acts as his own CA, and as a decision point for authorizing release of user

Development of Policy Decision Points for Policy-Based Networking: Issues and a Framework

by Ro Zambenedetti Granville, Maria Janilce, B. Almeida, Liane Maragarida, Rockenbach Tarouco
"... Abstract. The development of PDPs is a hard task because currently there is not a widely accepted set of protocols to implement the communication between PDPs and other elements of the PBNM solutions. This paper presents a framework to support the development of PDPs in order to easy the time spent ..."
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in coding new ones. The framework is based on the IETF approach for policies, which helps in the dissemination of the IETF view of policies.

Conservative scheduling: using predicted variance to improve scheduling decisions in dynamic environments

by Lingyun Yang, Jennifer M. Schopf, Ian Foster , 2003
"... In heterogeneous and dynamic environments, efficient execution of parallel computations can require mappings of tasks to processors whose performance is both irregular (because of heterogeneity) and time-varying (because of dynamicity). While adaptive domain decomposition techniques have been used t ..."
Abstract - Cited by 80 (1 self) - Add to MetaCart
to address heterogeneous resource capabilities, temporal variations in those capabilities have seldom been considered. We propose a conservative scheduling policy that uses information about expected future variance in resource capabilities to produce more efficient data mapping decisions. We first present

Does Aid Matter? Measuring the Effect of Student Aid on College Attendance and Completion

by Susan M. Dynarski - AMERICAN ECONOMIC REVIEW , 2001
"... Does student aid increase college attendance or simply subsidize costs for infra-marginal students? Settling the question empirically is a challenge, because aid is correlated with many characteristics that influence educational investment decisions. A shift in financial aid policy that affects some ..."
Abstract - Cited by 115 (6 self) - Add to MetaCart
Does student aid increase college attendance or simply subsidize costs for infra-marginal students? Settling the question empirically is a challenge, because aid is correlated with many characteristics that influence educational investment decisions. A shift in financial aid policy that affects

Defining uncertainty: a conceptual basis for uncertainty management in model-based decision support." Integrated Assessment 4(1

by W. E. Walker, J. Rotmans, J. P. Van, Der Sluijs, M. B. A. Van Asselt, P. Janssen, M. P, Krayer Von Krauss , 2003
"... The aim of this paper is to provide a conceptual basis for the systematic treatment of uncertainty in model-based decision support activities such as policy analysis, integrated assessment and risk assessment. It focuses on the uncertainty perceived from the point of view of those providing informat ..."
Abstract - Cited by 84 (4 self) - Add to MetaCart
The aim of this paper is to provide a conceptual basis for the systematic treatment of uncertainty in model-based decision support activities such as policy analysis, integrated assessment and risk assessment. It focuses on the uncertainty perceived from the point of view of those providing

Materials for an exploratory theory of the network society.

by Manuel Castells , Anthony Giddens , Alain Touraine , Anthony Smith , Benjamin Barber , Peter Hall , Roger-Pol Droit , Sophie Watson , Frank Webster , Krishan Kumar , David Lyon , Craig Calhoun , Jeffrey Henderson , Ramon Ramos , Jose E Rodrigues-Ibanez , Jose F Tezanos , Mary Kaldor , Stephen Jones , Christopher Freeman - The British Journal of Sociology , 2000
"... ABSTRACT This article aims at proposing some elements for a grounded theor y of the network society. The network society is the social structure characteristic of the Information Age, as tentatively identi ed by empirical, cross-cultural investigation. It permeates most societies in the world, in v ..."
Abstract - Cited by 122 (0 self) - Add to MetaCart
reliance on networks as the key feature of social morphology. While networks are old forms of social organization, they are now empowered by new information/communication technologies, so that they become able to cope at the same time with exible decentralization, and with focused decision
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