Motivated by the construction of the Itô stochastic integral, we consider a step function method to discretize and simulate volatility modulated Lévy semistationary processes. Moreover, we assess the accuracy of the method with a particular focus on integrating kernels with a singularity at...

An important question for central banks is how they should report the uncertainty of their forecasts. This paper discusses a way in which a central bank could report the uncertainty of its forecasts in a world in which it used a single macroeconometric model to make its forecasts and guide its...

This study summarizes key economic results from 10 different no-till (NT) crop rotations and two conventional tillage (CT) corn-soybean rotations based on agronomic data (2001 – 2012) from a long-term crop rotation experiment conducted by the North Central Agricultural Research Laboratory...

An important question for central banks is how they should report the uncertainty of their forecasts. This paper discusses a way in which a central bank could report the uncertainty of its forecasts in a world in which it used a single macroeconometric model to make its forecasts and guide its...

This paper presents stochastic projections for 13 categories of social spending in New Zealand over the period 2011-2061. These projections are based on detailed demographic estimates covering fertility, migration and mortality disaggregated by single year of age and gender. Distributional...

This paper presents stochastic projections for 13 categories of social spending in New Zealand over the period 2011-2061. These projections are based on detailed demographic estimates covering fertility, migration and mortality disaggregated by single year of age and gender. Distributional...

O artigo discute a criação da Fundação de Previdência Complementar do Servidor Público Federal (FUNPRESP), que alterou o sistema previdenciário para os futuros servidores da União. A partir da elaboração de um modelo de simulação estocástico para as variáveis financeiras e...