We present and evaluate a set of architectures for conversational dialogue systems, exploring rule-based and statistical classification approaches. In a case study, we show that while a rule-based dialogue policy is capable of high performance if perfect natural language understanding is assumed, a direct classification approach that combines the dialogue policy with NLU has practical advantages.

We present and evaluate a set of architectures for conversational dialogue systems, exploring rule-based and statistical classification approaches. In a case study, we show that while a rule-based dialogue policy is capable of high performance if perfect natural language understanding is assumed, a direct classification approach that combines the dialogue policy with NLU has practical advantages.

Rule-based policy and contract systems have rarely been studied in terms of their software engineering properties. This is a serious omission, because in rule-based policy or contract representation languages rules are being used as a declarative programming language to formalize realworld decision logic and create IS production systems upon. This paper adopts a successful SE methodology, namel...

This paper explores monetary policy decision-making within an insurance model with expected utility-maximizing policy-makers. The authors consider that policy-makers are different in terms of their backgrounds, experience and skills and they may disagree on the appropriate policy response. In a monetary policy committee, they share information and decide on interest rates by means of an agreed ...

Rule-based policy and contract systems have rarely been studied in terms of their software engineering properties. This is a serious omission, because in rule-based policy or contract representation languages rules are being used as a declarative programming language to formalize realworld decision logic and create IS production systems upon. This paper adopts a successful SE methodology, namel...

Rule-based policy and contract systems have rarely been studied in terms of their software engineering properties. This is a serious omission, because in rule-based policy or contract representation languages rules are being used as a declarative programming language to formalize realworld decision logic and create IS production systems upon. This paper adopts a successful SE methodology, namel...

A decision policy chooses an outcome dependent on given input parameters. Policies can adequately be represented by production rules, which are at the heart of modern business rule management systems. Classic ways of policy design are rule authoring by experts or learning from data. In this paper, we show that policies can also be derived from a model consisting of constraints and preferences. ...

I develop an extension of the standard New Keynesian model to monetary policy regime switching to study the impact of uncertainty around the future inflation target. First, I fully characterize how the responses of current inflation and output to inflation target uncertainty depend on the monetary policy rule. If monetary policy is passive, inflation may increase far beyond the anticipated incr...

I develop an extension of the standard New Keynesian model to monetary policy regime switching to study the impact of uncertainty around the future inflation target. First, I fully characterize how the responses of current inflation and output to inflation target uncertainty depend on the monetary policy rule. If monetary policy is passive, inflation may increase far beyond the anticipated incr...