Credit expansion in a monetary policy game: Implications of the valuation haircut framework
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DOI: 10.1016/j.frl.2018.04.012
Abstract: Abstract In this study, we build on the traditional monetary policy game framework of institutional design to formalize the linkage among credit expansion, inflation expectations, and inflation. We show that the optimal monetary response of… read more here.
Keywords: policy game; credit expansion; monetary policy; central bank ... See more keywords
Discrete-Time Multi-Player Games Based on Off-Policy Q-Learning
Sign Up to like & getrecommendations! Published in 2019 at "IEEE Access"
DOI: 10.1109/access.2019.2939384
Abstract: In this paper, an off-policy game Q-learning algorithm is proposed for solving linear discrete-time non-zero sum multi-player game problems. Unlike the existing Q-learning methods for solving the Riccati equation by on-policy learning approaches for multi-player… read more here.
Keywords: policy game; game learning; policy; game ... See more keywords