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of simulation results in the case where the exact macromesure is not known with certainty. This is done by computing … lower and upper bounds for the simulation resukts, given a priori probabilities attached to three possible closures …
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In this paper, we introduce a new approach for volatility modeling in discrete and continuous time.
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This paper exploits the term structure of interest rates to develop testable economic restrictions on the joint process of long-term interest rates and inflation when the latter is subject to a targeting policy by the Central Bank.
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