This article was originally published on March 25, 2024 in Expansión. This is an analysis on the future of the Spanish economy based on the study "Freedom and Prosperity in the World 2024" prepared by the Atlantic Council and the Institute of Culture and Society of the University of Navarra in which our researcher Ignacio Campomanes participates. You can consult the original article here.
The future of the economy is very prom...
Christopher Rauh, Professor of Economics and Data Science at the University of Cambridge, visited the NCID to give a seminar entitled "If You Only Have a Hammer: Optimal Dynamic Prevention Policy".
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Christopher Rauh, a Professor of Economics and Data Science at University of Cambridge, visited the NCID to give as seminar entitled "If You Only Have a Hammer: Optimal Dynamic Prevention Policy".
His paper proposes a dynamic decision model for situations in which a policymaker faces a recurrent risk and has to choose between early action (prevention) and late action (de-escalation).
The dynamics, damages and actions are modelled in a Markov model. This allows us to first derive three simple theoretical results. First, optimal...