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This paper examines the relationship between fertility and human capital investment, and it’s implications for economic growth, focusing on the effects of declining mortality. Unlike the exist...
Optimal Stabilization Rules in a Stochastic Model of Investment with Gestation Lags.
This research presents an analysis of the demographic risk related to future membership patterns in pension funds with restricted entrance, nanced under a pay-as-you-go scheme. The paper, therefore...
Within the Solvency II framework the insurance industry requires a realistic modelling of the risk processes relevant for its business. Every insurance company should be capable of running a holistic...
We scale and analyze the empirical data of return from New York and Vilnius stock exchanges matching it to the same nonlinear double stochastic model of return in financial market.
We analyze the stability properties of equilibrium solutions and periodicity of orbits in a two-dimensional dynamical system whose orbits mimic the evolution of the price of an asset and the excess de...
We present a nonlinear stochastic differential equation (SDE) which mimics the probability density function (PDF) of the return and the power spectrum of the ab-solute return in financial markets. Abs...

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