Concept

Monetary policy

Related publications (148)

The role of demand in fostering product vs process innovation: a model and an empirical test

While the extant innovation literature has provided extensive evidence of the so-called "demand-pull" effect, the possible diverse impact of demand evolution on product vs process innovation activities has not been yet investigated. This paper develops a f ...

SPRINGER2020

ECOGreen: Electricity Cost Optimization for Green Datacenters in Emerging Power Markets

David Atienza Alonso, Marina Zapater Sancho, Ayse Kivilcim Coskun, Ali Pahlevan

Modern datacenters need to tackle efficiently the increasing demand for computing resources while minimizing energy usage and monetary costs. Power market operators have recently introduced emerging demand-response programs, in which electricity consumers ...

2020

Linear Speedup In Saddle-Point Escape For Decentralized Non-Convex Optimization

Ali H. Sayed, Stefan Vlaski

Under appropriate cooperation protocols and parameter choices, fully decentralized solutions for stochastic optimization have been shown to match the performance of centralized solutions and result in linear speedup (in the number of agents) relative to no ...

IEEE2020

Does protectionist anti-takeover legislation lead to managerial entrenchment?

Marc André Frattaroli

I study a protectionist anti takeover law introduced in 2014 that covers a subset of all firms in the economy. The law decreased affected firms' likelihood of becoming the target of a merger or acquisition and had a negative impact on shareholder value. Th ...

ELSEVIER SCIENCE SA2020

Beam duct for the 1 MW neutral beam injector on TCV

Basil Duval, Stefano Coda, Yves Martin, Alexander Karpushov, Matthieu Toussaint, Frédéric Dolizy, Roberto Maurizio

The 1MW power of the neutral beam injector (NBI) enters the plasma of the Tokamak a Configuration Variable (TCV) through a duct. The original beam propagation model predicted a maximal heat flux on the internal faces of the duct below 350 kW/m(2), leading ...

2020

Job turnover, expectations, and the Phillips Curve

Charles Cosme Henri Dennery

Job turnover makes a wage Phillips Curve less forward-looking, with a smaller coefficient for inflation expectations. Workers discount future wage income with a low discount factor if there is a strong flow of job turnover; this implies that future inflati ...

2019

Dampened expectations in the Phillips Curve: A note

Charles Cosme Henri Dennery

Dampened inflation expectations have a significant impact on the New Keynesian Phillips Curve. This dampening not only flattens the long run Phillips Curve, but it can also lead to a bias in the estimation of its short run slope. It also affects the respon ...

2019

Regional Heterogeneity and the Refinancing Channel of Monetary Policy

Andreas Fuster

We argue that the time-varying regional distribution of housing equity influences the aggregate consequences of monetary policy through its effects on mortgage refinancing. Using detailed loan-level data, we show that regional differences in housing equity ...

2019

Three Essays in Banking and Finance

Damien Olivier Klossner

This thesis develops three models that study the motivation of various agents to take on debt, and the impact that excessive financial leverage can have on social welfare. In the chapter "Short-term Bank Leverage and the Value of Liquid Reserves", the ince ...

EPFL2019

Team Policy Learning For Multi-Agent Reinforcement Learning

Ali H. Sayed, Sulaiman A S A E Alghunaim, Lucas Cesar Eduardo Cassano

This work presents a fully distributed algorithm for learning the optimal policy in a multi-agent cooperative reinforcement learning scenario. We focus on games that can only be solved through coordinated team work. We consider situations in which K player ...

IEEE2019

Graph Chatbot

Chat with Graph Search

Ask any question about EPFL courses, lectures, exercises, research, news, etc. or try the example questions below.

DISCLAIMER: The Graph Chatbot is not programmed to provide explicit or categorical answers to your questions. Rather, it transforms your questions into API requests that are distributed across the various IT services officially administered by EPFL. Its purpose is solely to collect and recommend relevant references to content that you can explore to help you answer your questions.