In our model for autonomic management of service level agreements (SLA), the roles played by policy and rules must be clearly differentiated. Although policy is typically an ideal we wish to achieve through the implementation of rules, the use of the terms policy and rule are often treated similarly and that consequently policy-engine and rule-engine are often used synonymously. It is our posit...

After the financial crises from 2008-2009, the design of macroprudential policies has arrived in the centre of the macroeconomic discussion. With respect to house price booms, recent research suggest the use of loan-to-value (LTV) policies as a stabilization tool. However, policymakers are rather reluctant and change LTV ratios only in the case of extreme events. This paper builds a Hong Kong s...

The potential of monetary policy to stabilize fluctuations in output and employment is demonstrated in a stochastic rational expectations model in which firms choose, considering average profitability, to set prices in advance of the period when they apply to goods sold. This lead time in pricing decisions increases the fluctuations of output about the normal employment level. But proper use of...

Measurement results show that updating rules on switches poses major latency overhead during the course of the policy update. However, current SDN policy compilers do not handle policy updates well and generate large amount of redundant rule updates, most of which modify only the priority field. Our analysis shows that the lack of knowledge on the rule dependency and the consecutively distribut...

background: several reservoir systems have been constructed for hydropower generation around the world. hydropower offers an economical source of electricity with reduce carbon emissions. therefore, it is such a clean and renewable source of energy. reservoirs that generate hydropower are typically operated with the goal of maximizing energy revenue. yet, reservoir systems are inefficiently ope...

Extended Abstract This paper investigates the assumption that policy-makers commit to a Taylor rule, using an inflation-unemployment dynamic model for the US economy. Our approach differs from previous work as we model policymakers’ belief as a latent variable rather than as represented by observed nominal interest rate. Our paper is based on the conjecture that policy-maker’s misperception ori...

 Relations between the third world countries in different parts of Asia and Africa during the 19th and 20th centuries, to a great extent, were influenced by the presence and policies of colonial powers. Thus, for a better understanding of roots of disputes and issues existing between these countries concerning frontiers, disputed Islands, political and prejudicial tensions, we need to study pas...

Standard monetary policy analysis built upon the New Keynesian model suggests that an optimal monetary policy rule is one which minimizes a weighted sum of the variance of inflation and the variance of the output gap. As one might expect, the Taylor rule evaluates well under this criteria. Recent calls for nominal GDP targeting therefore must contend with Taylor rule as an alternative approach ...

This paper investigates how monetary policy can help to avoid the liquidity trap by studying the experience of Japan. First, I analyze how the Bank of Japan conducted interest rate policy over the 1990s as the economy entered a deflationary slump. I use a new method of estimating the policy rule with a time-varying inflation target and a time-varying natural rate of interest. The estimation str...