The bank of japan (boj) failed to deliver a Halloween thriller. Even as central banks elsewhere have raised interest rates in recent years, the boj has stuck with its ultra-loose policy, designed to stimulate growth. Japan’s benchmark interest rate sits at -0.1%, where it has been for seven years. And on October 31st, despite building pressure, the bank decided merely to tweak its cap on ten-year
When moody’s, a research firm, cut Japan’s top-grade credit rating and warned of a “significant deterioration in the government’s fiscal position”, Nintendo’s first colour Game Boy was taking the world by storm and Japan’s net government debt ran to 54% of GDP. Twenty-five years later that figure stands at 159%. The growth has been cushioned by a fall in government bond yields, which means that Ja
Dynamic Programming
This book is about dynamic programming and its applications in economics, finance, and adjacent fields like operations research. It brings together recent innovations in the theory of dynamic programming and also provides related applications and computer code. Fixed points and order Markov models Optimal stopping Markov decision processes State dependent discounting Nonlinear valuation Abstract d
j次のブックマーク
k前のブックマーク
lあとで読む
eコメント一覧を開く
oページを開く
How Japan poses a threat to the global financial system
Will a fiscal mess thwart Japan’s nascent economic growth?