Jerome A Stein

The Fundamental Determinants of Exchange Rates

Fundamental Determinants of Exchange Rates

Stochastic Optimal Control, International Finance, And Debt Crises

Money and Capacity Growth

The Economics of Futures Markets

The Economics of Future Markets

Monetarist, Keynesian, and New Classical Economics

Monetarist, Keynesian, and New Classical Economics

Stochastic Optimal Control and the U.S. Financial Debt Crisis

Stochastic Optimal Control (SOC)—a mathematical theory concerned with minimizing a cost (or maximizing a payout) pertaining to a controlled dynamic process under uncertainty—has proven incredibly helpful to understanding and predicting debt crises and evaluating proposed financial regulation and ris...

Stochastic Optimal Control, International Finance, and Debt Crises

This book is concerned with a world where the return on capital, interest rates and exchange rates are not known with certainty. On the basis of state of the art research in applied mathematics and economics, the author derives benchmarks that are used to answer many important questions. This resear...

Playing against Nature: Integrating Science and Economics to Mitigate Natural Hazards in an Uncertain World

Defending society against natural hazards is a high-stakes game of chance against nature, involving tough decisions. How should a developing nation allocate its budget between building schools for towns without ones or making existing schools earthquake-resistant? Does it make more sense to build le...

Economic Growth in Free Market

Monetarist, Keynesian and Neoclassical Economics

The Economics of Futures Markets

This work develops a theory of the real effects of futures markets, their role in the inter-temporal allocation of resources, and their effects on economic and social welfare. Futures are neither insurance nor a gamble, but, Professor Stein argues, given the market's influence on expected output, ac...

Money and Capacity Growth