Austerity and distributional policy

Distributed Distributional Deterministic Policy Gradients

This work adopts the very successful distributional perspective on reinforcement learning and adapts it to the continuous control setting. We combine this within a distributed framework for off-policy learning in order to develop what we call the Distributed Distributional Deep Deterministic Policy Gradient algorithm, D4PG. We also combine this technique with a number of additional, simple impr...

Austerity Versus Stimulus: Theoretical Perspectives and Policy Implications

Distributional Effects of Monetary Policy

When the Fed aims for higher inflation, middle-aged, middle-class households, who tend to have big mortgages, benefit at the expense of wealthy retirees, who have a lot of their savings in bank accounts and bonds. Poor and young households are less affected because they are less likely to own homes and their debt burdens are low. In this model, monetary policy not only creates winners and loser...

Political Choice, Public Policy, and Distributional Outcomes

Dhanaraj Thakur, Technology Policy and Distributional

Introduction As with most other information and communication technologies, the mobile phone has come to be perceived as a necessary accessory of modern life. In fact wireless communication technologies such as mobile phones have diffused faster globally than previous communications technologies (Castells et al., 2007). Along with this rapid diffusion are associated impacts on society. The ques...