Foreign aid volatility and lifelong learning

Economic Growth and the Volatility of Foreign Aid

Lifelong Machine Learning Lifelong Machine Learning

Lifelong machine learning (or lifelong learning) is an advanced machine learning paradigm that learns continuously, accumulates the knowledge learned in previous tasks, and uses it to help future learning. In the process, the learner becomes more and more knowledgeable and effective at learning. This learning ability is one of the hallmarks of human intelligence. However, the current dominant m...

Is Aid Volatility Harmful?

This paper studies the causal e¤ect of aid volatility on the economic performance of developing countries in 2000-2009 period. We construct a time-varying measure of aid volatility using autoregressive conditional heteroskedasticity (ARCH). We control for the endogeneity of aid ‡ows by using as instruments for aid volatility three characteristics of donor counitres: (i) their budget de…cits ; (...

Scaling Foreign Exchange Volatility

When asset returns are normally distributed the risk of an asset over a long return interval may be estimated by scaling the risk from shorter return intervals. While it is well known that asset returns are not normally distributed a key empirical question concerns the effect that scaling the volatility of dependent processes will have on the pricing of related financial assets. This study prov...

Lifelong Learning for Lifelong Employment

SOMEONE ASKED ME recently, “How do we keep 40-year-old software developers employed?” At rst I was puzzled. I had little clue this was a problem. Isn’t there more demand than supply for software developers? However, imagine a software developer who graduates from a good engineering school and gets a good job in a large high-tech company. He marries and raises a family, is good at barbecue, runs...