This article describes an intelligent system for financial planning and cashflow optimization named ICF: Intelligent Cash Flow. ICF is a computational tool for decision support which provides short-term and long-term financial managing strategies, considering financial products of the market....

Newton's Method is an important algorithm for solving nonlinear systems of equations. For any solution algorithm, the principle concerns are robustness (finding a solution reliably) and efficiency (finding a solution quickly). Newton is simple in principle, but a useful implementation must deal...

We investigate a non-linear representative consumer asset pricing model in a complete markets economy. The consumer is assumed to display time nonseparable preferences. The time nonseparability in preferences is due first to local substitution of consumption over time, and second to long-run...

A common feature of many aggregate variables in economics and finance is that they exhibit oscillatory behaviour, showing boom-and-bust patterns. Examples are fad and bandwagon behaviour in sociology, business cycles in economics, bubbles in stock market prices, wave behaviour in the adoption of...

Many economic and econometric applications require the integration of functions lacking a closed form antiderivative, which is therefore a task that can only be solved by numerical methods. We propose a new family of probability densities that can be used as substitutes and have the property of...

Econometric models are often formulated in terms of the first difference or the percentage change, both of which may be generalized by the Box-Cox difference transformation. Unfortunately, economic theory typically provides little guidance to the proper functional forms appropriate to the...

Recent literature stresses the drawbacks of the representative agent ap-proach. A growing number of contributions construct model which allows for agents heterogeneity [1, 2] while others claim that aggregate phenomena could be explained by the failure of the law of large numbers rather than by...

The primary goal of this paper is to build a more complete model of cattle supply, which could be used to both explain aggregate cattle dynamics and, ultimately, guide policy decisions. Toward that end, I build a dynamic rational expectations model describing the supply of cattle that improves...