This paper outlines a method designed to help pension fund managers arrive at well substantiated policy decisions using asset/liability management (ALM) models. This is done by using techniques from the operations research literature on multi-criteria decision making and group decision support...

This paper outlines a risk decision support system designed to arrive at well-substantiated policy decisions using asset liability management (ALM) models. The risk decision support system explicitly takes into account that 1) there are multiple risk and return measures that are all important to...

The relative magnitudes are compared of successive terms in a higher-order asymptotic expansion of the bias of the LSDV estimator in dynamic panels. We find that the leading term accounts for the major part of the actual bias in small samples. This implies that bias correction procedures can be...