Relevant bibliographies by topics / Optimal interest rate

Contents

  1. Journal articles
  2. Dissertations / Theses
  3. Books
  4. Book chapters
  5. Conference papers
  6. Reports

Academic literature on the topic 'Optimal interest rate'

Author: Grafiati
Published: 4 June 2021
Last updated: 1 February 2022

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Journal articles on the topic "Optimal interest rate"

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Woodford, Michael. "Optimal Interest-Rate Smoothing." Review of Economic Studies 70, no. 4 (October 2003): 861–86. http://dx.doi.org/10.1111/1467-937x.00270.

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EVANS, GEORGE W., and BRUCE McGOUGH. "Optimal Constrained Interest-Rate Rules." Journal of Money, Credit and Banking 39, no. 6 (September 2007): 1335–56. http://dx.doi.org/10.1111/j.1538-4616.2007.00069.x.

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Froyen, Richard T., and Roger N. Waud. "Optimal seigniorage versus interest rate smoothing." Journal of Macroeconomics 17, no. 1 (December 1995): 111–29. http://dx.doi.org/10.1016/0164-0704(95)80006-9.

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Binici, Mahir, and Yin-Wong Cheung. "Exchange rate dynamics under alternative optimal interest rate rules." Pacific-Basin Finance Journal 20, no. 1 (January 2012): 122–50. http://dx.doi.org/10.1016/j.pacfin.2011.08.004.

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Kallianiotis, Ioannis N. "The Optimal Interest Rates and the Current Interest Rate System." Eurasian Journal of Economics and Finance 2, no. 3 (2014): 1–25. http://dx.doi.org/10.15604/ejef.2014.02.03.001.

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Ajello, Andrea, Thomas Laubach, David Lopez-Salido, and Taisuke Nakata. "Financial Stability and Optimal Interest-Rate Policy." Finance and Economics Discussion Series 2016, no. 067 (August 2016): 1–70. http://dx.doi.org/10.17016/feds.2016.067.

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Eisenberg, Julia. "Optimal dividends under a stochastic interest rate." Insurance: Mathematics and Economics 65 (November 2015): 259–66. http://dx.doi.org/10.1016/j.insmatheco.2015.10.007.

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Pavasuthipaisit, Robert. "Optimal exchange-rate policy in a low interest rate environment." Journal of the Japanese and International Economies 23, no. 3 (September 2009): 264–82. http://dx.doi.org/10.1016/j.jjie.2009.02.003.

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Kiriakopoulos, Konstantinos, George Kaimakamis, and Charalambos Botsaris. "Optimal interest rate derivatives portfolio with controlled sensitivities." International Journal of Decision Sciences, Risk and Management 2, no. 1/2 (2010): 112. http://dx.doi.org/10.1504/ijdsrm.2010.034675.

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Guthrie, Graeme A. (Graeme Alexander), and Julian Wright. "The Optimal Design of Interest Rate Target Changes." Journal of Money, Credit, and Banking 36, no. 1 (2004): 115–37. http://dx.doi.org/10.1353/mcb.2004.0004.

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Dissertations / Theses on the topic "Optimal interest rate"

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Kirriakopoulos, Konstantinos. "Optimal portfolios with constrained sensitivities in the interest rate market." Thesis, Imperial College London, 1996. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.362717.

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Howard, Scott T. "Optimal Interest Rate for a Borrower with Estimated Default and Prepayment Risk." Diss., CLICK HERE for online access, 2008. http://contentdm.lib.byu.edu/ETD/image/etd2400.pdf.

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Gúth, Ondřej. "Is the European Monetary Union an optimal currency area? An empirical analysis of interest rate and inflation differentials across the Eurozone." Master's thesis, Vysoká škola ekonomická v Praze, 2015. http://www.nusl.cz/ntk/nusl-201906.

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The economic crisis of 2008 had substantial impacts on the global economy. The European Monetary Union was affected as well, however, the economic impacts also stirred up political discussions concerning functioning of the European Union and its unity as divergence of economic means among the member countries intensified during the crisis. Inflation and real interest rate differentials have to substantial degree the ability to measure the divergence among the member countries of a monetary union. A number of empirical studies measuring the differentials in the Euro area were conducted since the start of the financial crisis in 2008. These studies show growing inflation and real interest rate differentials among the countries of the Euro area, argue that the European Monetary Union is becoming less stable and often question its future. This paper conducts similar empirical analysis; however, it differs from the above mentioned works of other authors by the larger time gap between the start of financial crisis and the time of conducting the analysis as it uses data until the year of 2013. This paper also contributes to current literature by the methodology it uses. The inflation and interest rate differentials in EMU are calculated by two methods and their results are subsequently compared, which has not been done before. The inflation and interest rate differentials are calculated for the USA as well in order to have an entity which can be considered as a hypothetical optimum currency area and to which the differentials of EMU could be compared. The results of the analysis in this paper will state whether the magnitude of inflation and interest rate differentials is too high and it will also either confirm the trend of divergence of inflation and real interest rates within the Euro area or show that this divergence is only a short-time period phenomenon of after-crisis years. As this is an important and very recent issue of European Monetary Union the results of this paper should form interesting contribution to current literature on this topic.
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Muller, Grant Envar. "Optimal asset allocation and capital adequacy management strategies for Basel III compliant banks." University of the Western Cape, 2015. http://hdl.handle.net/11394/4755.

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Philosophiae Doctor - PhD
In this thesis we study a range of related commercial banking problems in discrete and continuous time settings. The first problem is about a capital allocation strategy that optimizes the expected future value of a commercial bank’s total non-risk-weighted assets (TNRWAs) in terms of terminal time utility maximization. This entails finding optimal amounts of Total capital for investment in different bank assets. Based on the optimal capital allocation strategy derived for the first problem, we derive stochastic models for respectively the bank’s capital adequacy and liquidity ratios in the second and third problems. The Basel Committee on Banking Supervision (BCBS) introduced these ratios in an attempt to improve the regulation of the international banking industry in terms of capital adequacy and liquidity management. As a fourth problem we derive a multi-period deposit insurance pricing model which incorporates the optimal capital allocation strategy, the BCBS’ latest capital standard, capital forbearance and moral hazard. In the fifth and final problem we show how the values of LIBOR-in-arrears and vanilla interest rate swaps, typically used by commercial banks and other financial institutions to reduce risk, can be derived under a specialized version of the affine interest rate model originally considered by the bank in question. More specifically, in the first problem we assume that the bank invests its Total capital in a stochastic interest rate financial market consisting of three assets, viz., a treasury security, a marketable security and a loan. We assume that the interest rate in the market is described by an affine model, and that the value of the loan follows a jump-diffusion process. We wish to find the optimal capital allocation strategy that maximizes an expected logarithmic utility of the bank’s TNRWAs at a future date. Generally, analytical solutions to stochastic optimal control problems in the jump setting are very difficult to obtain. We propose an approximation method that exploits a similarity between the forms of the control problems of the jump-diffusion model and the diffusion model obtained by removing the jump. With the jump assumed sufficiently small, the analytical solution of the diffusion model then serves as a proxy to the solution of the control problem with the jump. In the second problem we construct models for the bank’s capital adequacy ratios in terms of the proxy. We present numerical simulations to characterize the behaviour of the capital adequacy ratios. Furthermore, in this chapter, we consider the approximate optimal capital allocation strategy subject to a constant Leverage Ratio, which is a specific non-risk-based capital adequacy ratio, at the minimum prescribed level. We derive a formula for the bank’s TNRWAs at constant (minimum) Leverage Ratio value and present numerical simulations based on the modified TNRWAs formula. In the third problem we model the bank’s liquidity ratios and we monitor the levels of the liquidity ratios under the proxy numerically. In the fourth problem we derive a multi-period deposit insurance pricing model, the latest capital standard a la Basel III, capital forbearance and moral hazard behaviour. The deposit insurance pricing method utilizes an asset value reset rule comparable to the typical practice of insolvency resolution by insuring agencies. We perform numerical computations with our model to study its implications. In the final problem, we specialize the affine interest rate model considered previously to the Cox-Ingersoll-Ross (CIR) interest rate dynamic. We consider fixed-for-floating interest rate swaps under the CIR model. We show how analytical expressions for the values of both a LIBOR-in-arrears swap and a vanilla swap can be derived using a Green’s function approach. We employ Monte Carlo simulation methods to compute the values of the swaps for different scenarios. We wish to make explicit the contributions of this project to the literature. A research article titled “An Optimal Portfolio and Capital Management Strategy for Basel III Compliant Commercial Banks” by Grant E. Muller and Peter J. Witbooi [1] has been published in an accredited scientific journal. In the aforementioned paper we solve an optimal capital allocation problem for diffusion banking models. We propose using the solution of the Brownian motions control problem of [1] as the proxy in problems two to four of this thesis. Furthermore, we wish to note that the methodology employed on the final problem of this study is actually from the paper [2] of Mallier and Alobaidi. In the paper [2] the authors did not present simulation studies to characterize their pricing models. We contribute a simulation study in which the values of the swaps are computed via Monte Carlo simulation methods.
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Panajotovová, Monika. "Stanovení optimálních parametrů úvěrů na realitním trhu a jejich praktické využití v budoucnu." Master's thesis, Vysoké učení technické v Brně. Ústav soudního inženýrství, 2011. http://www.nusl.cz/ntk/nusl-232554.

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This master´s thesis examines the development of real estate financing in relation to the credit crunch. Accordnig to main causes of fluctuations in history, comparing interest rates, mortgage loans, property development and investment in time, it models the evolution of optimal interest rates of real estate market. The loans’ optimal parameters with combination of types of bank financing in the real estate market with regard to its sustainable development as a separate and independent global market with strong inclusion among the other market sectors, are formed there. In this dissertation the analysis of financing methods will be used, comparative method of commercial banks‘ interest rate and analysis of commercial interest rates‘ structure. The result of the work we expect to be optimistic, realistic and pessimistic scenarios of futher development of real estate finance market and the model of the optimal interest rates‘ structure.
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Aragón, Edilean Kleber da Silva Bejarano. "Três ensaios sobre política monetária no Brasil : assimetrias nos efeitos reais de choques monetários, preferências do Banco Central e regras monetárias ótimas." reponame:Biblioteca Digital de Teses e Dissertações da UFRGS, 2008. http://hdl.handle.net/10183/14268.

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Esta tese é composta de três ensaios. No primeiro ensaio, nós examinamos se os efeitos reais das ações de política monetária no Brasil são assimétricos. Para isto, estimamos modelos Markov-switching que permitem que os choques monetários positivos e negativos afetem a taxa de crescimento do produto de forma assimétrica nos estados de expansão e recessão econômica. Os resultados obtidos mostram que: i) quando as ações de política monetária são mensuradas através das inovações ortogonalizadas para a taxa Selic em um modelo VAR, os efeitos reais de choques monetários negativos são maiores do que os de choques positivos no estado de expansão e os efeitos reais de choque negativos são maiores em expansão do que em recessão econômica; ii) quando a variação na taxa de juros Selic é tomada como medida de política monetária, nós constatamos também assimetrias entre os efeitos reais de variações positivas e negativas na taxa Selic durante a fase de recessão, e entre os efeitos reais de variações negativas na taxa Selic entre as fases do ciclo de negócios. No segundo ensaio, nós procuramos aperfeiçoar o entendimento da política monetária brasileira sob o regime de metas de inflação através da calibração das preferências do Banco Central. m específico, nós calibramos a função perda do policymaker escolhendo, de uma ampla classe de políticas alternativas, os valores dos parâmetros de preferência que minimizam o desvio entre a trajetória ótima e a trajetória verdadeira da taxa Selic. Nossos resultados mostram que o Banco Central tem adotado um regime de metas de inflação flexível e dado um maior peso à estabilização da inflação. Nós constatamos também que a preocupação da autoridade monetária com a suavização da taxa de juros tem sido maior do que com a estabilização do produto. O terceiro ensaio investiga a existência de possíveis assimetrias nos objetivos do Banco Central. Assumindo que a função perda é assimétrica em relação a desvios positivos e negativos do gap do produto e da taxa de inflação em relação à meta, nós estimamos uma função de reação não-linear que permite identificar e testar a significância estatística dos parâmetros de assimetrias nas preferências da autoridade monetária. Para o período de 2000-2007, os resultados indicaram que o Banco Central brasileiro apresentou uma preferência assimétrica a favor de uma inflação acima da meta. Visto que este comportamento pode ser decorrente das decisões de política em momentos de fortes crises (tais como as de 2001 e 2002), nós delimitamos a nossa amostra para o período de 2004-2007. Para este período, nós não encontramos evidências empíricas apontando para qualquer tipo de assimetria nas preferências sobre a estabilização da inflação e do gap do produto.
This thesis is composed of three essays. In the first essay, we check whether the effects of monetary policy actions on output in Brazil are asymmetric. Therefore, we estimate Markov-switching models that allow positive and negative shocks to affect the growth rate of output in an asymmetric fashion in expansion and recession states. Results show that: i) when monetary policy actions are measured by means of orthogonalized innovations for the Selic rate in a VAR model, the real effects of negative monetary shocks are larger than those of positive shocks in an expansion and the real effects of negative shocks are greater in an expansion than in a recession; ii) when the variation in the Selic rate is used to measure monetary policy, we also have asymmetries between the real effects of positive and negative variations in the Selic rate during a recession, and between the real effects of negative variations of the Selic rate between the states of the business cycle. In the second essay, we seek to further elucidate the Brazilian monetary policy under the inflation targeting regime by calibrating Central Bank preferences. More specifically, we calibrate the policymaker’s loss function by choosing the preference parameter values which minimize the deviation between the optimal and actual paths of the basic interest rate (Selic). Our results indicate that the Central Bank has adopted a flexible inflation target regime and placed some greater weight upon inflation stabilization. We also find out that the monetary authority’s concern with interest rate smoothing has been far deeper than with output stabilization. The third essay investigates the existence of possible asymmetries in the Central Bank of Brazil’s objectives. By assuming that the loss function is asymmetric with regard to positive and negative deviations of the output gap and of the inflation rate from its target, we estimated a nonlinear reaction function which allows identifying and checking the statistical significance of asymmetric parameters in the monetary authority’s preferences. For years 2000 to 2007, results indicate that the Central Bank of Brazil showed asymmetric preference over an above-target inflation rate. Given that this behavior may stem from policy decisions in periods of severe crises (e.g., in 2001 and in 2002), we restricted our sample to the 2004-2007 period. We did not find any empirical evidence of any type of asymmetry in the preferences over the stabilization of inflation and of the output gap for this period.
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Hörmann, Markus [Verfasser]. "Liquidity, interest rates and optimal monetary policy / Markus Hörmann." Dortmund : Universitätsbibliothek Technische Universität Dortmund, 2011. http://d-nb.info/1011568276/34.

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Kraft, Holger. "Optimal portfolios with stochastic interest rates and defaultable assets /." Berlin [u.a.] : Springer, 2004. http://www.loc.gov/catdir/enhancements/fy0813/2004103617-d.html.

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Strejc, Daniel. "Monetary policy and the ECB." Master's thesis, Vysoká škola ekonomická v Praze, 2008. http://www.nusl.cz/ntk/nusl-4174.

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The thesis evaluates the ECB's monetary policy during the past decade by using policy rules and compares the suitability to particular members of the Eurozone. It examines the central bank's reaction function regarding the output and inflation. The work is divided into two main parts. First, gives the theoretical introduction of monetary policy and evaluation of the Eurozone regarding the theory of optimal currency area. In the second part it provides the econometric models and estimates. As a conclusion the results of two different OLS models show that, we cannot precisely decide to which variable the ECB reacted, as obtained two statistically significant models but with different results. For two models is used different variables GDP gap and IPI gap. The results have also shown that the ECB's monetary policy mostly suits to biggest economies within the Eurozone.
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Holmberg, Andreas, and Christoffer Bengtsson. "Portugal and the European Monetary Union. : Investigating an alternative interest rate development using the Taylor Rule." Thesis, Södertörns högskola, Institutionen för samhällsvetenskaper, 2012. http://urn.kb.se/resolve?urn=urn:nbn:se:sh:diva-17173.

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The objective of this study is to investigate how the development regarding the short-term nominal interest rate in Portugal would have differed from that set by the ECB 1999-2011 in a situation where they did not enter the European Monetary Union. To do this, we use the Taylor rule, which incorporates economic activities such as inflation and output and how these deviates from their target. Constructing the Taylor rule, we estimate its reaction functions using an Ordinary Least Square Regression on annual data from the period 1988-1998. The reaction functions serve as weights on the deviations for inflation and output. The result reached is that the interest rate set by the ECB since 1999 is far below that interest rate required by the Portuguese economic situation. Further, we discuss how the influence in the setting of the ECB interest rate differs considering the member countries size.
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Books on the topic "Optimal interest rate"

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Parrado, Eric. Optimal interest rate policy in a small open economy. Cambridge, MA: National Bureau of Economic Research, 2002.

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Lahiri, Amartya. Delaying the inevitable: Optimal interest rate policy and BOP crises. Cambridge, MA: National Bureau of Economic Research, 2000.

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Martini, Christine. When is it optimal to transfer to a lower interest rate loan? Melbourne: University of Melbourne, Graduate School of Management, 1990.

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Chugh, Sanjay K. Does monetary policy keep up with the Joneses?: Optimal interest-rate smoothing with consumption externalities. Washington, D.C: Federal Reserve Board, 2004.

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Giannoni, Marc Paolo. Optimal interest-rate rules in a forward-looking model, and inflation stabilization versus price-level stabilization. Cambridge, MA: National Bureau of Economic Research, 2010.

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Thomas, Ted. A comprehensive approach to mortgage pipeline hedging: Using a variety of instruments for optimal hedge protection. Chicago (141 W. Jackson Blvd., Chicago 60604-2994): Chicago Board of Trade, 1999.

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Philippopoulos, Apostolis. Optimal seigniorage, interest rates and public debts. [Colchester]: University of Essex, Dept. of Economics, 1990.

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Gylfason, Thorvaldur. Optimal saving, interest rates, and endogenous growth. Stockholm: Stockholm University, Institute for International Economic Studies, 1993.

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Drudi, Francesco. Real interest rates, sovereign risk and optimal debt management. Rome: Banca d'Italia, 1996.

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Kraft, Holger. Optimal Portfolios with Stochastic Interest Rates and Defaultable Assets. Berlin, Heidelberg: Springer Berlin Heidelberg, 2004. http://dx.doi.org/10.1007/978-3-642-17041-6.

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Book chapters on the topic "Optimal interest rate"

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von Weizsäcker, Carl Christian, and Hagen M. Krämer. "The Natural Rate of Interest and the Optimal Rate of Interest in the Steady State." In Saving and Investment in the Twenty-First Century, 17–41. Cham: Springer International Publishing, 2021. http://dx.doi.org/10.1007/978-3-030-75031-2_2.

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AbstractThe “natural rate of interest” is the hypothetical, risk-free real rate of interest that would obtain in a closed economy, if net public debt were zero. It is considerably less than the optimal steady-state rate of interest, which is equal to the system’s growth rate. This holds for a very general “meta-model.” The fundamental equation of capital theory holds on the optimal steady-state path: T = Z − D, where T is the overall economic period of production, Z is the representative private “waiting period” of consumers and D is the public debt ratio. Prosperity is at least 30% lower at the natural rate of interest than at the optimal rate.
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von Weizsäcker, Carl Christian, and Hagen M. Krämer. "Concluding Remarks on the Negative Natural Rate of Interest." In Saving and Investment in the Twenty-First Century, 225–45. Cham: Springer International Publishing, 2021. http://dx.doi.org/10.1007/978-3-030-75031-2_8.

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AbstractThe Great Divergence: The period of production T is not rising anymore. The “waiting period” Z is rising over time with the rising standard of living and rising life expectancy, and this is the case worldwide. In the interest of full employment, the public debt periodD has to compensate for this divergence: T = Z − D. Using an extrapolation procedure that we have developed and the available empirical data, we calculate total private wealth in the OECD plus China region. Net public debt already accounts for nearly half of private wealth today. COVID-19 increases the optimal steady-statepublic debt period. Both our theory and our empirical findings are increasingly confirmed by the work of other economists: for example, by Lawrence Summers’secular stagnation thesis and by the study of Jordà, Schularick and others on the secular evolution of private wealth.
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Hilli, Petri, Matti Koivu, and Teemu Pennanen. "Optimal Construction of a Fund of Funds." In Interest Rate Models, Asset Allocation and Quantitative Techniques for Central Banks and Sovereign Wealth Funds, 207–21. London: Palgrave Macmillan UK, 2010. http://dx.doi.org/10.1057/9780230251298_11.

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Kraft, Holger. "Optimal Portfolios with Stochastic Interest Rates." In Lecture Notes in Economics and Mathematical Systems, 21–69. Berlin, Heidelberg: Springer Berlin Heidelberg, 2004. http://dx.doi.org/10.1007/978-3-642-17041-6_2.

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Wu, Chuan, and Baochun Li. "Optimal Rate Allocation in Overlay Content Distribution." In NETWORKING 2007. Ad Hoc and Sensor Networks, Wireless Networks, Next Generation Internet, 678–90. Berlin, Heidelberg: Springer Berlin Heidelberg, 2007. http://dx.doi.org/10.1007/978-3-540-72606-7_58.

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Ferenstein, Elżbieta Z., and Adam Pasternak-Winiarski. "Optimal Stopping of a Risk Process with Disruption and Interest Rates." In Advances in Dynamic Games, 489–507. Boston: Birkhäuser Boston, 2010. http://dx.doi.org/10.1007/978-0-8176-8089-3_24.

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Ozenbas, Deniz, Michael S. Pagano, Robert A. Schwartz, and Bruce W. Weber. "Economics and the Equity Market: A Microeconomics Course Application." In Classroom Companion: Business, 1–19. Cham: Springer International Publishing, 2021. http://dx.doi.org/10.1007/978-3-030-74817-3_1.

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AbstractEconomics encompasses two broad subjects: macroeconomics and microeconomics. Macroeconomics deals with an economy in aggregate and addresses issues such as inflation, unemployment, interest rates, and economic growth. We present a macroeconomic perspective in Chap. 10.1007/978-3-030-74817-3_3. Microeconomics, the focus of this chapter, operates, as its name indicates, on the micro level, addressing household consumption decisions and the production decisions of firms. In this chapter, we focus on the parallels (and a few differences) between a standard microeconomics formulation (a household’s selection of an optimal consumption bundle) and a standard finance model (an investor’s selection of a portfolio that optimally combines a riskless asset – cash – and a risky equity portfolio). The finance formulation is the Capital Asset Pricing Model (CAPM). CAPM is a keystone of what is known as modern portfolio theory, the originator of which is Harry Markowitz who was awarded a Nobel Memorial Prize in Economic Sciences in 1990 for having developed the theory of portfolio choice. We then introduce friction (trading costs) and show how CAPM’s frictionless market equilibrium is perturbed. The analysis provides a good lead-in to the next chapter on finance.
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Nguyen, Binh, Greg J. Fox, Paul H. Mason, and Justin T. Denholm. "Preventive Therapy for Multidrug Resistant Latent Tuberculosis Infection: An Ethical Imperative with Ethical Barriers to Implementation?" In Ethics and Drug Resistance: Collective Responsibility for Global Public Health, 19–35. Cham: Springer International Publishing, 2020. http://dx.doi.org/10.1007/978-3-030-27874-8_2.

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Abstract Multidrug resistant tuberculosis (MDR-TB) has a substantial impact on individuals and communities globally, including lengthy, expensive and burdensome therapy with high rates of treatment failure and death. Strategies to prevent disease are well established for those who acquire latent tuberculosis infection (LTBI) after exposure to drug susceptible TB (DS-TB). However, there has been limited research or programmatic experience regarding the prevention of MDR-TB. Accordingly, while global recommendations strongly emphasize the need to deliver LTBI therapy after TB exposure, most programs do not do so where MDR LTBI is identified. The paucity of prospective randomized trial evidence for the effectiveness of MDR LTBI therapy, and concerns regarding its adverse effects, have been used to justify a reluctance to scale up programmatic interventions to prevent MDR-TB, or to participate in research evaluating such strategies. However, such a response fails to adequately balance potential risks of therapy with the substantial harms associated with inaction. Furthermore, the cost of inaction falls disproportionately on the most vulnerable members of society, including children. Delays in implementing proven preventive strategies may also mask hidden programmatic concerns, particularly regarding the financial cost and other burdens of treating drug resistant infection. Reticence to engage with preventative therapy for MDR-TB, even in the absence of high-level evidence, may run counter to the best interests of individuals who have been exposed to MDR-TB. This chapter will explore ethical tensions raised by expanding access to preventative therapies for MDR-TB, and consider how ethically optimal responses to this adverse condition may be evaluated. An ethical perspective on evidentiary burden will be addressed, emphasizing how MDR LTBI research may both offer, and be shaped by, paradigmatic insights into human research ethics more generally. Emerging research and illustrations from the authors programmatic engagement in Vietnam are offered as case examples, because social and community expectations and norms may challenge, or support, implementation of therapy for drug-resistant infection. Such circumstances prompt consideration of the broader questions of social impact, such as the potential for widespread preventive therapy to accelerate the development of antimicrobial resistance.
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"Inflation and Optimal Interest Rate Rules." In Money, Interest, and Policy. The MIT Press, 2007. http://dx.doi.org/10.7551/mitpress/4760.003.0014.

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"Fiscal Policy and Optimal Interest Rate Rules." In Money, Interest, and Policy. The MIT Press, 2007. http://dx.doi.org/10.7551/mitpress/4760.003.0013.

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Conference papers on the topic "Optimal interest rate"

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Pilvere, Irina. "CHOOSING OPTIMAL INTEREST RATE FOR SUSTAINABLE FOREST MANAGEMENT." In 19th SGEM International Multidisciplinary Scientific GeoConference EXPO Proceedings. STEF92 Technology, 2019. http://dx.doi.org/10.5593/sgem2019/3.2/s14.083.

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Jiuying, Dong. "Optimal Investment Consumption Model with Vasicek Interest Rate." In 2007 Chinese Control Conference. IEEE, 2006. http://dx.doi.org/10.1109/chicc.2006.4346995.

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Wan, Shuping. "Optimal Investment Consumption Model with CIR Interest Rate." In Seventh International Conference on Intelligent Systems Design and Applications (ISDA 2007). IEEE, 2007. http://dx.doi.org/10.1109/isda.2007.4389644.

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Wan, Shuping. "Optimal Investment Consumption Model with CIR Interest Rate." In Seventh International Conference on Intelligent Systems Design and Applications (ISDA 2007). IEEE, 2007. http://dx.doi.org/10.1109/isda.2007.65.

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Li, Hongxi, and Guotai Chi. "Assets and Liabilities Portfolio Optimal Model based on ES Controlled Interest Rate Risk." In the International Conference. New York, New York, USA: ACM Press, 2017. http://dx.doi.org/10.1145/3134271.3134272.

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Lakner, P., and E. Slud. "Optimal consumption by a bond investor: the case of random interest rate adapted to a point process." In 29th IEEE Conference on Decision and Control. IEEE, 1990. http://dx.doi.org/10.1109/cdc.1990.204042.

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Ihedioha, Silas A. "Optimal investment and consumption decision for an investor with Ornstein-Uhlenbeck Stochastic interest rate model through utility maximization." In PROCEEDINGS OF THE INTERNATIONAL CONFERENCE ON MATHEMATICAL SCIENCES AND TECHNOLOGY 2018 (MATHTECH2018): Innovative Technologies for Mathematics & Mathematics for Technological Innovation. AIP Publishing, 2019. http://dx.doi.org/10.1063/1.5136411.

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Flynn, Eric, and Michael Todd. "Optimal Sensor Placement for Active Sensing." In ASME 2008 Conference on Smart Materials, Adaptive Structures and Intelligent Systems. ASMEDC, 2008. http://dx.doi.org/10.1115/smasis2008-439.

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We present a novel approach for optimal actuator and sensor placement for active sensing-based structural health monitoring (SHM). Of particular interest is the optimization of actuator-sensor arrays making use of Lamb wave propagation for detecting damage in thin plate-like structures. Using a detection theory framework, we establish the optimum configuration as the minimization of the expected percentage of the structure to show type I or type II error during the damage detection process. The detector incorporates a statistical model of the active sensing process which implements both pulse-echo and pitch-catch actuation schemes and takes into account line of site and non-uniform damage probabilities. The optimization space was searched using a genetic algorithm with a time varying mutation rate. We provide four example actuator/sensor placement scenarios and the optimal solutions as generated by the algorithm.
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Yoshida, Shu, Satoshi Gamou, Koichi Ito, Toshinori Enokido, and Ryohei Yokoyama. "An Optimal Renewal Planning of Energy Supply System From Economic Viewpoint." In ASME 2005 Power Conference. ASMEDC, 2005. http://dx.doi.org/10.1115/pwr2005-50371.

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An optimal planning method of renewal planning for energy supply systems is proposed to determine the proper renewal year and selection as to what kind of equipment is suitable for several types of buildings from economic viewpoint. In this method, they are determined together with maximum contract demands of utilities such as electricity and natural gas so as to minimize the annual total cost in consideration of system’s annual operational strategies corresponding to seasonal and hourly energy demand requirements during every evaluation year considered. A numerical study is carried out for an office building with a total floor area of 15 000m2, where the system is consisted of an electric refrigerator and a steam boiler. Through the numerical calculation, the influence of the following items are clarified on the optimal renewing year and selection of renewing equipment of the system by the parametric study; (a) upgrading technology of the equipment in the future; (b) initial capital cost of equipment; (c) renewing construction cost and trade-in value rate; and (d) interest rate.
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Huang, Jintao, Chen Yue, and Zhenping Feng. "Multi-Objective Optimization and Performance Analysis of BCHP Systems Using Genetic Algorithms." In ASME Turbo Expo 2006: Power for Land, Sea, and Air. ASMEDC, 2006. http://dx.doi.org/10.1115/gt2006-91143.

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The performance assessment criteria of the BCHP (Building Cooling Heating and Power) system include thermodynamic parameters (primary energy rate, exergy efficiency) and economic parameters (economic exergy rate, payback periods) and environmental factors (emission). These criteria are affected by many factors such as the performance of power equipment, unit initial cost, energy demand, primary and second energy price, annual interest rate, operation hours. The scheme with minimum primary energy rate may also have high equipment cost which leads to longer payback periods, so that it is impossible to find a solution that simultaneously satisfies all of them. A genetic algorithm is then chosen to carry out the search for the optimal solution in this paper. The set of optimal solutions lead to the minimum values of the primary energy rate at fixed payback periods, or to the lowest payback periods at fixed primary energy rate. The optimization results are obtained under various load conditions (yearly average energy demand, changeable thermal-power rate, cooling-power rate and typical monthly load demand). The optimal unit capacity choice and operational strategy are discussed which is very important in design and operation process.
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Reports on the topic "Optimal interest rate"

1

Giannoni, Marc, and Michael Woodford. Optimal Interest-Rate Rules: II. Applications. Cambridge, MA: National Bureau of Economic Research, January 2003. http://dx.doi.org/10.3386/w9420.

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Giannoni, Marc, and Michael Woodford. Optimal Interest-Rate Rules: I. General Theory. Cambridge, MA: National Bureau of Economic Research, January 2003. http://dx.doi.org/10.3386/w9419.

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Parrado, Eric, and Andres Velasco. Optimal Interest Rate Policy in a Small Open Economy. Cambridge, MA: National Bureau of Economic Research, January 2002. http://dx.doi.org/10.3386/w8721.

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Andrade, Philippe, Jordi Galí, Hervé Le Bihan, and Julien Matheron. The Optimal Inflation Target and the Natural Rate of Interest. Cambridge, MA: National Bureau of Economic Research, February 2018. http://dx.doi.org/10.3386/w24328.

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Lahiri, Amartya, and Carlos Vegh. Delaying the Inevitable: Optimal Interest Rate Policy and BOP Crises. Cambridge, MA: National Bureau of Economic Research, June 2000. http://dx.doi.org/10.3386/w7734.

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Giannoni, Marc. Optimal Interest-Rate Rules in a Forward-Looking Model, and Inflation Stabilization versus Price-Level Stabilization. Cambridge, MA: National Bureau of Economic Research, May 2010. http://dx.doi.org/10.3386/w15986.

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Cordella, Tito, and Andrew Powell. Preferred and Non-Preferred Creditors. Inter-American Development Bank, March 2021. http://dx.doi.org/10.18235/0003109.

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International financial institutions (IFIs) generally enjoy preferred creditors treatment (PCT). Although PCT rarely appears in legal contracts, when sovereigns restructure bilateral or commercial debts, they normally pay IFIs in full. This paper presents a model where a creditor, such as an IFI, that can commit to lend limited amounts at the risk-free rate and can refrain from lending into arrears is always repaid and adds value. The analysis suggests that IFIs and market lenders can both enhance welfare, even if banning commercial borrowing can sometimes be optimal. To maintain their status, preferred lenders should offer low cost financing in volumes that are consistent with countries' incentives to repay even in bad states. This suggests such lenders should not differentiate lending interest rates according to risk and should not participate in the restructuring of commercial debt.
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Froot, Kenneth. Credibility, Real Interest Rates, and the Optimal Speed of Trade Liberalization. Cambridge, MA: National Bureau of Economic Research, August 1987. http://dx.doi.org/10.3386/w2358.

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