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The increasing adoption of artificial intelligence (AI) by financial institutions is transforming their operations, risk management and customer interactions. Nevertheless, the limited explainability of complex AI models, particularly when used in...
We examine the effects of the Federal Reserve's quantitative easing (QE) and quantitative tightening (QT) policies on firm-level financing and real economic outcomes. We construct a novel time series of maturity-specific balance sheet shocks t...
In managing their capital, banks balance the risk of breaching regulatory requirements against the cost of maintaining and speedily restoring “management” buffers. Using 68 quarters of data on 17 US and 17 euro-area banks, we find systematic reduc...
Can a central bank raise interest rates and still see real (inflation-adjusted) rates immediately fall? If so, can we trust the gap between real interest rates and their natural level to be a reliable guide? I explore a puzzle that arises when mov...
Can algorithms enhance bureaucrats’ work in developing countries? In data-poor environments, bureaucrats often exercise discretion over key decisions, such as audit selection. Exploiting newly digitized micro-data, this study conducted an at-scale...
:当前国内智慧养老系统面临着数据采集准确性、无延迟快速通信连接、人工智能干预程度不足等 技术难题,基于此,设计一种基于 5G 网络、人工智能、边缘计算等新兴技术的智慧养老服务平台,通过 5G 定制化专网为养老业务提供低时延、高可靠的通信连接,实现跨系统、终端之间数据的互联互通,促 进养老服务资源、服务系统之间的智慧化协同。
Long-short term memory networks (LSTMs) offer a promising approach for analyzing shock propagation in multivariate economic and financial systems. To harness this potential, we introduce the LSTM multiplier response function, analogous to the impu...
Military mobility, defined as the capacity of armed forces to swiftly move troops and equipment across the European Union (EU), is a crucial but long-overlooked aspect of European defence. After decades of underinvestment and unresolved obstacles,...
Elected officials are increasingly extreme. Research trying to understand this trend has tended to focus on structural factors, such as primary elections and changes in the supply of candidates. Less emphasis has been placed on psychological persp...
打造高质量的智慧养老服务是转变传统养老服务模式、顺应时代发展、积极应对人口老龄化的必然要求。基于“技术-组织-环境”的T0E分析框架,数字技术赋能智慧养老的内在逻辑主要体现为以数字技术为驱动力、以养老需求为推动力、以政策方针为牵引力一并存在数字挑战的技术困境、主体约束的组织困境和支持不是的环境困境。数字技术赋能智慧养老要实现数字技术的深度融合、提升组织的数字能力、构建数字包容型社会,从而实现养老服务的高质量发展。