Sometimes conventional feedback controllers may not perform well online because of the variation in process dynamics due to nonlinear actuators, changes in environmental conditions and variation in the character of the disturbances. To overcome the above problem, this paper deals with the designing of a controller for a second order system with Model Reference Adaptive Control (MRAC) scheme usi...

Monetary policy rule is an approach to avoid time inconsistency problem as regarded by new classical economist to choose a time plan for policy making in order to maximize households’ well-being. The foundation of time inconsistency problem is not coincidence of expectations as an ex-ante variable, which is expected variable, with actual variable as an ex-post variable. Expectations in Finn K...

This paper studies the interaction between monetary and macro-prudential policies in a simple model with both nominal and financial frictions. The nominal friction gives rise to a conventional monetary policy objective emphasized in the New Keynesian literature. The financial friction, in the form of an occasionally binding collateral constraint, gives rise to a financial stability objective. ...

The proposed IAFC neural networks have both stability and plasticity because theyuse a control structure similar to that of the ART-1(Adaptive Resonance Theory) neural network.The unsupervised IAFC neural network is the unsupervised neural network which uses the fuzzyleaky learning rule. This fuzzy leaky learning rule controls the updating amounts by fuzzymembership values. The supervised IAFC ...

when in doubt over duty and the absence of reason, it is the time for adhering to practical principle; but, there is disagreement among principalists as to what is the rimary rule in times of doubt. some scholars including nāīnī have accepted intellectual innocence as a primary rule, whereas others - especially shahīd sadr -believe in intellectual precaution. nāīnī refers to the rule ‘the indec...