Abstract In this paper it is shown that for the ordinary Dirichlet series, $$\sum _{j=0}^{\infty }\frac{\alpha _{j}}{(j+1)^{s}}$$ ∑ j = 0 ∞ α <mml:msu...

Modeling nominal interest rates requires to take into account the effective lower bound (ELB). We propose a flexible time-series approach that includes “shadow rate”—a notional rate identical actual except when ELB binds . apply this trend-cycle decomposition of and macro-economic variables generates competitive interest-rate forecasts. Our estimates real-rate trend have edged down somewhat in ...

This paper presents a Taylor series approach for solving linear fractional de-centralized bi-level multi-objective decision-making (LFDBL-MODM) problems with asingle decision maker at the upper level and multiple decision makers at the lower level.In the proposed approach, the membership functions associated with each objective(s) ofthe level(s) of LFDBL-MODM are transformed by using a Taylor s...