The Household Finance and Consumption Survey (HFCS) provides valuable information for the monetary policy and financial stability purposes. The dataset shows, however, inconsistencies with National Account (NtlA) statistics, as the aggregated HFCS micro data do usually not match the...

We provide an overview of using genetic programming (GP) to model stock returns. Our models employ GP terminals (model decision variables) that are financial factors identified by experts. We describe the multi-stage training, testing and validation process that we have integrated with GP...

Previous research on optimal R&D subsidies has focussed on the long run. This paper characterizes the optimal time path of R&D subsidization in a semi-endogenous growth model, by exploiting a recently developed numerical method. Starting from the steady state under current R&D subsidization in...

This paper demonstrates the sensitivity of the linear programming approach in the estimation of productivity measures in the primal framework. Specifically, the sensitivity to the number of constraints (level of dis-aggregation) and imposition of returns to scale constraints is evaluated....

The genuine savings criterion and the value of population in an economy with endogenous fertility rate / Kenneth J. Arrow, Alain Bensoussan, Qi Feng, and Suresh P. Sethi -- Continuous time overlapping generations models / Hippolyte d'Albis and Emmanuelle Augeraud-Véron -- Modeling technological...

1. The genuine savings criterion and the value of population in an economy with endogenous fertility rate / Kenneth J. Arrow. [and others] -- 2. Continuous-time overlapping generations models / Hippolyte d'Albis and Emmanuelle Augeraud-Veron -- 3. Modeling technological change in equipment...