The study investigates the effect of imposing an n-child policy by forecasting the population of the Philippines using a discrete age-structured compartmental model. Based on the results of the projection, a policy promoting a maximum of two children per couple leads to a transient stabilization (i.e., the population eventually declines after attaining zero-growth rate). A three-child policy ma...

We study optimal nominal demand policy in a flexible price economy with monopolistic competition where firms have imperfect common knowledge about the shocks hitting the economy. Information imperfections emerge endogenously because firms are assumed to have finite (Shannon) capacity to process information. We then ask how policy that minimizes a quadratic objective in output and prices depends...

We introduce a variant of the classification-based approach to policy iteration which uses a cost-sensitive loss function weighting each classification mistake by its actual regret, that is, the difference between the action-value of the greedy action and of the action chosen by the classifier. For this algorithm, we provide a full finite-sample analysis. Our results state a performance bound i...

We introduce a variant of the classification-based approach to policy iteration which uses a cost-sensitive loss function weighting each classification mistake by its actual regret, i.e., the difference between the action-value of the greedy action and of the action chosen by the classifier. For this algorithm, we provide a full finite-sample analysis. Our results state a performance bound in t...