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An introduction to the calibration of the Schwartz (1997) reduced-form, no-arbitrage two-factor model through the expectation maximization algorithm or prediction error decomposition
This book presents an introduction to the calibration (estimation of parameters) of the Schwartz (1997) reduced-forrn, no-arbirrage two factor model by applying a combination of the Kalman filter and the maximum log-likelihood method knows as the predictive error decomposition. This book is written in such a way that a reader with primary tools in stochastic calculus and optimization (mainly the maximum log-Iikelihood method) can find the necessary tools for doing its reading without problems and understand the essential elements of the methodology. To pursue this purpose, in chapter 1 we will revise the model formally known as the Schwartz (1997) reduced-form, no-arbitrage two-factor model, and we will give some motivation for its calibration. In chapter 2, we will develop an introduction to the state space form and the general Kalman filter algorithm. In section 3, we will join the two previous chapters by applying the Kalman filter to the Schwartz (1997) reduced-form, no-arbitrage two-factor mode! under the approach of Schwartz (1997). Finally, in chapter 4 we show the optimization procedure to obtain the parameters as well as so me features and problems with it.
Pleasure Island
Pleasure Island explores the tourism industry in Cuba between 1920 and 1960, as international travel ceased to be primarily a privilege of the wealthy, and incorporated the world's growing middle class. Rosalie Schwartz examines tourists' changing ideas of leisure and recreation, as well as the response of a colonial-era Spanish city turned fleshpot and endless cabaret. The tourism industry mushroomed in and around Havana after 1920, as hundreds of thousands of North Americans transformed the city in collaboration with a local business and political elite. The Depression, exacerbated by a bloody revolution in 1933, plunged the tourism industry into a downward spiral; its steady comeback afte...
World Encyclopedia of Contemporary Theatre
Now available in paperback for the first time this edition of the World Encyclopedia of Contemporary Theatre series examines theatrical developments in Africa since 1945. Entries on thirty-two African countries are featured in this volume, preceded by specialist introductory essays on Anglophone Africa, Francophone Africa, History and Culture, Cosmology, Music, Dance, Theatre for Young Audiences and Puppetry. There are also special introductory general essays on African theatre written by Nobel Prize Laureate Wole Soyinka and the outstanding Congolese playwright, Sony Labou Tansi, before his untimely death in 1995. More up-to-date and more wide-ranging than any other publication, this is undoubtedly a major ground-breaking survey of contemporary African theatre.
Mononuclear Phagocytes
Mononuclear phagocytes, which include macrophages, monocytes and their precursor cells, are the most important cells in the host defence against micro-organisms and tumor cells. During the last twenty-five years research on the biology of mononuclear phagocytes has increased tremendously. This motivated Professor R. van Furth to organize five international conferences on this subject in Leiden, the Netherlands. The edited proceedings of these meethings were published: in 1970 Mononuclear Phagocytes; in 1975 Mononuclear Phagocytes in Immunity, Infections and Pathology; in 1980 Mononuclear Phagocytes -- Functional Aspects; and in 1985 Mononuclear Phagocytes -- Characteristics, Physiology and Function. Reviews of these volumes, published in international journals, praised them as the most up-to-date state of the art publications. The publication of 1991 includes 88 chapters written by more than 200 authors.
Integrins
Integrins: Molecular and Biological Responses to the Extracellular Matrix will help basic, applied, and clinical researchers keep up with the explosion of literature on the integrin family of proteins. This volume extends material previously covered in Receptors for Extracellular Matrix. It addresses some of the most exciting areas of integrin biology, including the varied roles of integrins in cell division, differentiation, movement, wound healing, inflammation, thrombosis, osteoporosis, and cancer. Describes key aspects of integrin structure, function, and biology Covers collagen receptors, epithelial cell integrins, leukocyte integrins, platelet integrins, integrin signaling, and integrin antagonists Investigates the expression and role of integrins during development and in the cytoskeleton Includes the actions and influences of integrins in inflammation, thrombosis, and osteoporosis
Delmore Schwartz
Delmore Schwartz: The Life of an American Poet is based on interviews, letters, and an extraordinary collection of unpublished papers that had never before been examined. Delmore Schwartz was only twenty-four in 1938 when his first book, In Dreams Begin Responsibilities, was published. He received praise from T. S. Eliot, Ezra Pound, Allen Tate, John Crowe Ransom, Wallace Stevens, and William Carlos Williams. For Tate, it was “the only genuine innovation we’ve had since Eliot and Pound.” A decade later, the short-story collection The World Is a Wedding was published; many critics characterized it as the definitive portrait of their generation. In this biography, the first about the man...
Cairo Traffic
In Cairo Traffic, his third book of poems, Lloyd Schwartz asks the Sphinx to explain the riddle "about, you know, / Time and Power and Families-the one you think you / have the answer to. Tell me your answer! / No . . . don't." The search for answers takes the poet to some surprising, often phantasmagoric places, and back again to the self, to dreams, to home, and even to the nursing home where his mother-sphinxlike herself-becomes the person asking the dark questions and providing some unexpected answers. These extraordinary narratives-funny and frightening, seductive and profoundly moving-explore the intersections of character and language, the places where common speech mysteriously transforms itself into poetry. This book, which includes several translations of contemporary Brazilian poems, confirms Schwartz's growing reputation as an intensely compelling and original poet.
The Post-colonial Literature of Lusophone Africa
This work examines the Portuguese and crioulo literatures of the five African Portuguese-speaking countries: Angola; Cape Verde; Guinea Bissau; Mozambique; and Sao Tome and Principe. It offers an introduction to the cultural and historical context within which literature developed in Lusophone Africa, as well as a discussion of the prose and poetry published by the writers from these five countries since independence. As such, the volume is intended not only as a textbook for the student of the literatures of the five Lusophone countries, but also as a cultural and intellectual foundation for the specialist reader with an interest in the former Portuguese colonial empire.
16 Words
This simple nonfiction picture book about the beloved American poet William Carlos Williams is also about how being mindful can result in the creation of a great poem like "The Red Wheelbarrow"--which is only sixteen words long. "Look out the window. What do you see? If you are Dr. William Carlos Williams, you see a wheelbarrow. A drizzle of rain. Chickens scratching in the damp earth." The wheelbarrow belongs to Thaddeus Marshall, a street vendor, who every day goes to work selling vegetables on the streets of Rutherford, New Jersey. That simple action inspires poet and doctor Williams to pick up some of his own tools--a pen and paper--and write his most famous poem. In this lovely picture book, young listeners will see how paying attention to the simplest everyday things can inspire the greatest art, as they learn about a great American poet.
