In this paper we compare the performance of three indices in an inflation forecasting experiment. The evidence not only suggests that an evolved neural network is superior to traditionally trained networks in the majority of cases, but also that a risky money index performs at least as well as...

This study is the first of its kind to focus on the effect of interest-rate tiers on aggregate measures of the monetary services flow. We address the role and impact of measurement errors in building monetary index numbers directly. Using a unique data set obtained from Barclays Bank plc, we...

This paper provides the most fully comprehensive evidence to date on whether or not monetary aggregates are valuable for forecasting US inflation in the early to mid 2000s. We explore a wide range of different definitions of money, including different methods of aggregation and different...

We develop the principal component analysis (PCA) approach to systematic liquidity measurement by introducing moving and expanding estimation windows. We evaluate these methods along with traditional estimation techniques (full sample PCA and market average) in terms of ability to explain (1)...

Portfolio choice by full-scale optimization applies the empirical return distribution to a parameterized utility function, and the maximum is found through numerical optimization. Using a portfolio choice setting of three UK equity indices we identify several utility functions featuring loss...

In this article a Divisia monetary index is constructed for the Taiwan economy, and its inflation forecasting potential is compared with that of its traditional simple sum counterpart. The Divisia index is adjusted in two ways to allow for the financial liberalization that Taiwan has experienced...

In this paper we compare the performance of three indices in an inflation forecasting experiment. The evidence not only suggests that an evolved neural network is superior to traditionally trained networks in the majority of cases, but also that a risky money index performs at least as well as...

This study is the first of its kind to focus on the effect of interest-rate tiers on aggregate measures of the monetary services flow. We address the role and impact of measurement errors in building monetary index numbers directly. Using a unique data set obtained from Barclays Bank plc, we...

This paper uses qualitative and quantitative methods to develop a mathematical framework for the analysis of strategic entry deterrence. Through a case study analysis, qualitative research is integrated with a pre-existing model based on game theory to gain a greater understanding of an entry...