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Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory

by Richard Clarida, Mark Gertler - Journal of Economics , 2000
"... We estimate a forward-looking monetary policy reaction function for the postwar United States economy, before and after Volcker’s appointment as Fed Chairman in 1979. Our results point to substantial differences in the estimated rule across periods. In particular, interest rate policy in the Volcker ..."
Abstract - Cited by 1220 (17 self) - Add to MetaCart
We estimate a forward-looking monetary policy reaction function for the postwar United States economy, before and after Volcker’s appointment as Fed Chairman in 1979. Our results point to substantial differences in the estimated rule across periods. In particular, interest rate policy

Using Maimonides’ Rule to Estimate the Effect of Class Size on Scholastic Achievement

by Joshua D. Angrist, Victor Lavy - QUARTERLY JOURNAL OF ECONOMICS , 1999
"... The twelfth century rabbinic scholar Maimonides proposed a maximum class size of 40. This same maximum induces a nonlinear and nonmonotonic relation-ship between grade enrollment and class size in Israeli public schools today. Maimonides’ rule of 40 is used here to construct instrumental variables e ..."
Abstract - Cited by 569 (39 self) - Add to MetaCart
The twelfth century rabbinic scholar Maimonides proposed a maximum class size of 40. This same maximum induces a nonlinear and nonmonotonic relation-ship between grade enrollment and class size in Israeli public schools today. Maimonides’ rule of 40 is used here to construct instrumental variables

Mining Generalized Association Rules

by Ramakrishnan Srikant, Rakesh Agrawal , 1995
"... We introduce the problem of mining generalized association rules. Given a large database of transactions, where each transaction consists of a set of items, and a taxonomy (is-a hierarchy) on the items, we find associations between items at any level of the taxonomy. For example, given a taxonomy th ..."
Abstract - Cited by 577 (7 self) - Add to MetaCart
We introduce the problem of mining generalized association rules. Given a large database of transactions, where each transaction consists of a set of items, and a taxonomy (is-a hierarchy) on the items, we find associations between items at any level of the taxonomy. For example, given a taxonomy

Fast Effective Rule Induction

by William W. Cohen , 1995
"... Many existing rule learning systems are computationally expensive on large noisy datasets. In this paper we evaluate the recently-proposed rule learning algorithm IREP on a large and diverse collection of benchmark problems. We show that while IREP is extremely efficient, it frequently gives error r ..."
Abstract - Cited by 1257 (21 self) - Add to MetaCart
Many existing rule learning systems are computationally expensive on large noisy datasets. In this paper we evaluate the recently-proposed rule learning algorithm IREP on a large and diverse collection of benchmark problems. We show that while IREP is extremely efficient, it frequently gives error

Fast Algorithms for Mining Association Rules

by Rakesh Agrawal, Ramakrishnan Srikant , 1994
"... We consider the problem of discovering association rules between items in a large database of sales transactions. We present two new algorithms for solving this problem that are fundamentally different from the known algorithms. Empirical evaluation shows that these algorithms outperform the known a ..."
Abstract - Cited by 3551 (15 self) - Add to MetaCart
We consider the problem of discovering association rules between items in a large database of sales transactions. We present two new algorithms for solving this problem that are fundamentally different from the known algorithms. Empirical evaluation shows that these algorithms outperform the known

Estimated Rules for Monetary Policy

by A. Kahn
"... Estimated policy rules describe how monetary policy has responded in the past to key economic indicators. Based on economic conditions and policy objectives, estimated rules can be used to evaluate past policy decisions and the outcomes of those decisions. In conjunction with “optimal ” rules that e ..."
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Estimated policy rules describe how monetary policy has responded in the past to key economic indicators. Based on economic conditions and policy objectives, estimated rules can be used to evaluate past policy decisions and the outcomes of those decisions. In conjunction with “optimal ” rules

A Simple Rule-Based Part of Speech Tagger

by Eric Brill , 1992
"... Automatic part of speech tagging is an area of natural language processing where statistical techniques have been more successful than rule- based methods. In this paper, we present a sim- ple rule-based part of speech tagger which automatically acquires its rules and tags with accuracy coinparable ..."
Abstract - Cited by 587 (10 self) - Add to MetaCart
Automatic part of speech tagging is an area of natural language processing where statistical techniques have been more successful than rule- based methods. In this paper, we present a sim- ple rule-based part of speech tagger which automatically acquires its rules and tags with accuracy coinparable

Mining Association Rules between Sets of Items in Large Databases

by Rakesh Agrawal, Tomasz Imielinski, Arun Swami - IN: PROCEEDINGS OF THE 1993 ACM SIGMOD INTERNATIONAL CONFERENCE ON MANAGEMENT OF DATA, WASHINGTON DC (USA , 1993
"... We are given a large database of customer transactions. Each transaction consists of items purchased by a customer in a visit. We present an efficient algorithm that generates all significant association rules between items in the database. The algorithm incorporates buffer management and novel esti ..."
Abstract - Cited by 3260 (17 self) - Add to MetaCart
We are given a large database of customer transactions. Each transaction consists of items purchased by a customer in a visit. We present an efficient algorithm that generates all significant association rules between items in the database. The algorithm incorporates buffer management and novel

Institutions Rule: The Primacy of Institutions over Geography and Integration in Economic Development

by Dani Rodrik, Arvind Subramanian, Francesco Trebbi - Free University of Berlin , 2004
"... We estimate the respective contributions of institutions, geography, and trade in determining income levels around the world, using recently developed instrumental variables for institutions and trade. Our results indicate that the quality of institutions “trumps ” everything else. Once institutions ..."
Abstract - Cited by 779 (27 self) - Add to MetaCart
We estimate the respective contributions of institutions, geography, and trade in determining income levels around the world, using recently developed instrumental variables for institutions and trade. Our results indicate that the quality of institutions “trumps ” everything else. Once

Very simple classification rules perform well on most commonly used datasets

by Robert C. Holte - Machine Learning , 1993
"... The classification rules induced by machine learning systems are judged by two criteria: their classification accuracy on an independent test set (henceforth "accuracy"), and their complexity. The relationship between these two criteria is, of course, of keen interest to the machin ..."
Abstract - Cited by 542 (5 self) - Add to MetaCart
The classification rules induced by machine learning systems are judged by two criteria: their classification accuracy on an independent test set (henceforth "accuracy"), and their complexity. The relationship between these two criteria is, of course, of keen interest
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