A Model Illustrating Multiple Interest Rate Analysis (MIRA). PDF Download
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Author: Michael Osborne
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Multiple interest rate analysis (MIRA) is the study of all interest rate solutions to the time value of money (TVM) equation. These solutions include not only the orthodox solution produced by a financial calculator or spreadsheet but also the unorthodox solutions that a typical financial calculator or spreadsheet will not calculate because they are either complex-valued or highly negative. Economic theorists have largely ignored the unorthodox solutions for centuries, believing them to be devoid of use or meaning. MIRA demonstrates that this belief is incorrect. This computable document contains a model, written in Mathematica, demonstrating MIRA in the context of just one of its many applications, namely, investment analysis. A project or investment containing cash flows occurring over n periods possesses n solutions for the internal rate of return. Each internal rate of return can be expressed as a mark-up over the cost of capital. A novel, dual equation for NPV is exhibited in which NPV per initially invested dollar is equal to the product of all n mark-ups. This product divides into the orthodox mark-up, the meaning of which is clear, and the product of the (n-1) unorthodox mark-ups, the meaning of which is not immediately apparent. The unorthodox product is demonstrated to be a statistic (duration) capturing structure in the cash flows.The model can be live-streamed, the calculations being done remotely, or the model and its code can be downloaded and run locally in Mathematica or Wolfram CDF Player.
Author: Michael Osborne
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Multiple interest rate analysis (MIRA) is the study of all interest rate solutions to the time value of money (TVM) equation. These solutions include not only the orthodox solution produced by a financial calculator or spreadsheet but also the unorthodox solutions that a typical financial calculator or spreadsheet will not calculate because they are either complex-valued or highly negative. Economic theorists have largely ignored the unorthodox solutions for centuries, believing them to be devoid of use or meaning. MIRA demonstrates that this belief is incorrect. This computable document contains a model, written in Mathematica, demonstrating MIRA in the context of just one of its many applications, namely, investment analysis. A project or investment containing cash flows occurring over n periods possesses n solutions for the internal rate of return. Each internal rate of return can be expressed as a mark-up over the cost of capital. A novel, dual equation for NPV is exhibited in which NPV per initially invested dollar is equal to the product of all n mark-ups. This product divides into the orthodox mark-up, the meaning of which is clear, and the product of the (n-1) unorthodox mark-ups, the meaning of which is not immediately apparent. The unorthodox product is demonstrated to be a statistic (duration) capturing structure in the cash flows.The model can be live-streamed, the calculations being done remotely, or the model and its code can be downloaded and run locally in Mathematica or Wolfram CDF Player.
Author: M. Osborne
Publisher: Springer
ISBN: 113737277X
Category : Business & Economics
Languages : en
Pages : 215
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Book Description
This book is an analysis of all possible interest rates. Dual expressions are used to solve long-standing puzzles, eliminate anomalies and draw conclusions about best practice and sound policy advice in areas of economics and finance. Topics include retail and corporate finance, capital budgeting and investment appraisal, bond risk management. An on-line model demonstrating ideas from the book is available in the Wolfram Demonstrations Project (WDP) by searching "multiple interest rate analysis" in the WDP search engine. A 'computable document' containing the model and the model's code are also available as free downloads from the site.
Author: Amy Finkelstein
Publisher: Columbia University Press
ISBN: 0231538685
Category : Medical
Languages : en
Pages : 161
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Book Description
Addressing the challenge of covering heath care expenses—while minimizing economic risks. Moral hazard—the tendency to change behavior when the cost of that behavior will be borne by others—is a particularly tricky question when considering health care. Kenneth J. Arrow’s seminal 1963 paper on this topic (included in this volume) was one of the first to explore the implication of moral hazard for health care, and Amy Finkelstein—recognized as one of the world’s foremost experts on the topic—here examines this issue in the context of contemporary American health care policy. Drawing on research from both the original RAND Health Insurance Experiment and her own research, including a 2008 Health Insurance Experiment in Oregon, Finkelstein presents compelling evidence that health insurance does indeed affect medical spending and encourages policy solutions that acknowledge and account for this. The volume also features commentaries and insights from other renowned economists, including an introduction by Joseph P. Newhouse that provides context for the discussion, a commentary from Jonathan Gruber that considers provider-side moral hazard, and reflections from Joseph E. Stiglitz and Kenneth J. Arrow. “Reads like a fireside chat among a group of distinguished, articulate health economists.” —Choice
Author: National Intelligence Council
Publisher: Cosimo Reports
ISBN: 9781646794973
Category :
Languages : en
Pages : 158
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Book Description
"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.
Author: King K. Holmes
Publisher: World Bank Publications
ISBN: 1464805253
Category : Medical
Languages : en
Pages : 1027
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Book Description
Infectious diseases are the leading cause of death globally, particularly among children and young adults. The spread of new pathogens and the threat of antimicrobial resistance pose particular challenges in combating these diseases. Major Infectious Diseases identifies feasible, cost-effective packages of interventions and strategies across delivery platforms to prevent and treat HIV/AIDS, other sexually transmitted infections, tuberculosis, malaria, adult febrile illness, viral hepatitis, and neglected tropical diseases. The volume emphasizes the need to effectively address emerging antimicrobial resistance, strengthen health systems, and increase access to care. The attainable goals are to reduce incidence, develop innovative approaches, and optimize existing tools in resource-constrained settings.
Author: Olivier Blanchard
Publisher:
ISBN: 9781292360911
Category : Europe
Languages : en
Pages : 0
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Book Description
This print textbook is available for students to rent for their classes. The Pearson print rental program provides students with affordable access to learning materials, so they come to class ready to succeed. For intermediate courses in economics. A unified view of the latest macroeconomic events In Macroeconomics, Blanchard presents an integrated, global view of macroeconomics, enabling students to see the connections between goods markets, financial markets, and labor markets worldwide. Organized into two parts, the text contains a core section that focuses on short-, medium-, and long-run markets and two major extensions that offer more in-depth coverage of the issues at hand. From the major economic crisis that engulfed the world in the late 2000s, to monetary policy in the US, to the problems of the Euro area, and growth in China, the text helps students make sense not only of current macroeconomic events but also of those that may unfold in the future. Integrated, detailed boxes in the 8th Edition have been updated to convey the life of macroeconomics today, reinforce lessons from the models, and help students employ and develop their analytical and evaluative skills. Also available with MyLab Economics By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student.
Author: Mira Jacob
Publisher: One World
ISBN: 0399589058
Category : Biography & Autobiography
Languages : en
Pages : 365
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Book Description
NATIONAL BESTSELLER • A “beautiful and eye-opening” (Jacqueline Woodson), “hilarious and heart-rending” (Celeste Ng) graphic memoir about American identity, interracial families, and the realities that divide us, from the acclaimed author of The Sleepwalker’s Guide to Dancing. ONE OF THE TEN BEST BOOKS OF THE YEAR: Chicago Tribune, The New York Public Library, Publishers Weekly • ONE OF THE BEST BOOKS OF THE YEAR: The New York Times Book Review, Time, BuzzFeed, Esquire, Literary Journal, Kirkus Reviews “How brown is too brown?” “Can Indians be racist?” “What does real love between really different people look like?” Like many six-year-olds, Mira Jacob’s half-Jewish, half-Indian son, Z, has questions about everything. At first they are innocuous enough, but as tensions from the 2016 election spread from the media into his own family, they become much, much more complicated. Trying to answer him honestly, Mira has to think back to where she’s gotten her own answers: her most formative conversations about race, color, sexuality, and, of course, love. Written with humor and vulnerability, this deeply relatable graphic memoir is a love letter to the art of conversation—and to the hope that hovers in our most difficult questions. LONGLISTED FOR THE PEN/OPEN BOOK AWARD “Jacob’s earnest recollections are often heartbreaking, but also infused with levity and humor. What stands out most is the fierce compassion with which she parses the complexities of family and love.”—Time “Good Talk uses a masterful mix of pictures and words to speak on life’s most uncomfortable conversations.”—io9 “Mira Jacob just made me toss everything I thought was possible in a book-as-art-object into the garbage. Her new book changes everything.”—Kiese Laymon, New York Times bestselling author of Heavy
Author: Stef van Buuren
Publisher: CRC Press
ISBN: 0429960352
Category : Mathematics
Languages : en
Pages : 444
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Book Description
Missing data pose challenges to real-life data analysis. Simple ad-hoc fixes, like deletion or mean imputation, only work under highly restrictive conditions, which are often not met in practice. Multiple imputation replaces each missing value by multiple plausible values. The variability between these replacements reflects our ignorance of the true (but missing) value. Each of the completed data set is then analyzed by standard methods, and the results are pooled to obtain unbiased estimates with correct confidence intervals. Multiple imputation is a general approach that also inspires novel solutions to old problems by reformulating the task at hand as a missing-data problem. This is the second edition of a popular book on multiple imputation, focused on explaining the application of methods through detailed worked examples using the MICE package as developed by the author. This new edition incorporates the recent developments in this fast-moving field. This class-tested book avoids mathematical and technical details as much as possible: formulas are accompanied by verbal statements that explain the formula in accessible terms. The book sharpens the reader’s intuition on how to think about missing data, and provides all the tools needed to execute a well-grounded quantitative analysis in the presence of missing data.
Author: Susan Rimby
Publisher: Penn State Press
ISBN: 027105624X
Category : Biography & Autobiography
Languages : en
Pages : 222
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Book Description
"Examines the life of Mira Lloyd Dock, a Pennsylvania conservationist and Progressive Era reformer. Explores a broad range of Dock's work, including forestry, municipal improvement, public health, and woman suffrage"--
Author: Marissa Moss
Publisher: Sourcebooks, Inc.
ISBN: 1402266073
Category : Juvenile Fiction
Languages : en
Pages : 209
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Book Description
When Mira receives a cryptic postcard from her missing mother, she sets off with her father and brother to find her in Paris. Only Mira doesn't know she's looking in the wrong century. With an innocent touch to a gargoyle sculpture on the roof of Notre Dame, Mira is whisked into the past. There she learns her mother isn't just avoiding the family, she's in serious trouble. Following her mother's clues, Mira travels through time to help change history and bring her mother home. "Long after I finished this fast–paced and compelling novel, I thought about Mira. Would I be as determined in pursuit of truth and tolerance? Would you?" —Karen Cushman, Newberry Medal Winner
