ENLIGHTENED MODERATION UNDER PERVEZ MUSHARRAF REGIME
نویسندگان
چکیده
منابع مشابه
Regime Switching, Learning, and the Great Moderation
This paper examines the bad luck explanation for changing volatility in U.S. ination and output when agents do not have rational expectations, but instead form expectations through least squares learning with an endogenously changing learning gain. It has been suggested that this type of endogenously changing learning mechanism can create periods of excess volatility without the need for change...
متن کاملAsymmetric Expectation Effects of Regime Shifts and the Great Moderation
We assess the quantitative importance of expectation effects of regime shifts in monetary policy in a DSGE model that allows the monetary policy rule to switch between a “bad” regime and a ”good” regime. When agents take into account such regime shifts in forming expectations, the expectation effect is asymmetric. In the good regime, the expectation effect is small despite agents’ disbelief tha...
متن کاملOption pricing under regime switching
This paper develops a family of option pricing models when the underlying stock price dynamic is modelled by a regime switching process in which prices remain in one volatility regime for a random amount of time before switching over into a new regime. Our family includes the regime switching models of Hamilton (Hamilton J 1989 Econometrica 57 357–84), in which volatility influences returns. In...
متن کاملComments on Enlightened Update
(2) a. Z(c) represents the hearer’s uncertainty about the covert actions performed by the speaker b. Enlightened update is a feature of planned, structured communication: the hearer identifies (aspects of) the covert state of the speaker which are not directly represented in utterance semantics. c. The speaker plans an utterance which will allow the hearer to recover ĉ from Z(c). d. Speaker and...
متن کاملEnlightened Agents in TuCSoN
In the network-centric computing era, applications often involve sets of autonomous, unpredictable, and possibly mobile entities interacting within open, dynamic, and possibly unreliable environments: Intelligent Environments are a typical case. The complexity of such scenarios requires novel engineering tools, providing effective support from the analysis to the deployment stage. In this paper...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Social Sciences and Humanities
سال: 2017
ISSN: 2664-4967,0257-4276
DOI: 10.46568/jssh.v56i1.55