An Optimal Design of Early Warning Systems: A Bayesian Quickest Change Detection Approach
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- Wiens, Marcus & Mahdavian, Farnaz & Platt, Stephen & Schultmann, Frank, 2020. "Optimal evacuation-decisions facing the trade-off between early-warning precision, evacuation-cost and trust - the Warning Compliance Model (WCM)," Working Paper Series in Production and Energy 47, Karlsruhe Institute of Technology (KIT), Institute for Industrial Production (IIP).
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Keywords
early warning system; financial crises; monetary policy; Bayesian quickest change detection; optimal stopping;All these keywords.
JEL classification:
- F3 - International Economics - - International Finance
- E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
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