Policy Uncertainty, Symbiosis, and the Optimal Fiscal and Monetary Conservativeness [PDF]
This paper extends the stabilization game between monetary and fiscal authorities to the case of multiplicative (model) uncertainty. In this context, the “symbiosis assumption”, i.e.
Francesco Giuli +2 more
core +2 more sources
Stable Imitation of Multigait and Bipedal Motions for Quadrupedal Robots Over Uneven Terrains
How are quadrupedal robots empowered to execute complex navigation tasks, including multigait and bipedal motions? Challenges in stability and real‐world adaptation persist, especially with uneven terrains and disturbances. This article presents an imitation learning framework that enhances adaptability and robustness by incorporating long short‐term ...
Erdong Xiao +3 more
wiley +1 more source
The Implications of Uncertainty for Monetary Policy [PDF]
In this paper we use a simple model of the Australian economy to empirically examine the consequences of parameter uncertainty for optimal monetary policy.
Christopher Thompson, Geoffrey Shuetrim
core
The Future of Research in Cognitive Robotics: Foundation Models or Developmental Cognitive Models?
Research in cognitive robotics founded on principles of developmental psychology and enactive cognitive science would yield what we seek in autonomous robots: the ability to perceive its environment, learn from experience, anticipate the outcome of events, act to pursue goals, and adapt to changing circumstances without resorting to training with ...
David Vernon
wiley +1 more source
Targeting Inflation under Uncertainty: Policy Makers' Perspective [PDF]
Monetary policy makers need to build two pillars for their inflation targeting strategy. Firstly, a methodology for producing the central forecast should be developed, since the whole decision process is more easily organised around a model forecast ...
Katerina Smidkova
core
Sensitivity of economic policy uncertainty to investor sentiment [PDF]
A series of global financial crises in 21st century, steep economic decline and slow recoveries have intensified the concern of regulatory bodies for economic policy certainty.
Rehman, Mobeen Ur, Apergis, Nicholas
core +1 more source
Hard‐Magnetic Soft Millirobots in Underactuated Systems
This review provides a comprehensive overview of hard‐magnetic soft millirobots in underactuated systems. It examines key advances in structural design, physics‐informed modeling, and control strategies, while highlighting the interplay among these domains.
Qiong Wang +4 more
wiley +1 more source
Monetary Policy Under Uncertainty and Learning: An Overview [PDF]
Central banks must make policy decisions in the face of uncertainty based on imperfect and evolving knowledge about the economy. While few general results have emerged from the research on monetary policy in the face of uncertainty and learning, a key ...
Carl E. Walsh, Klaus Schmidt-Hebbel;
core
Grounding Large Language Models for Robot Task Planning Using Closed‐Loop State Feedback
BrainBody‐Large Language Model (LLM) introduces a hierarchical, feedback‐driven planning framework where two LLMs coordinate high‐level reasoning and low‐level control for robotic tasks. By grounding decisions in real‐time state feedback, it reduces hallucinations and improves task reliability.
Vineet Bhat +4 more
wiley +1 more source
Methods Available to Monetary Policy Makers to Deal with Uncertainty [PDF]
Three sources – research on monetary policy under uncertainty, the managerial literature, and the real-life strategies of five inflation targeters – have been used to survey methods that are available to monetary policy makers to deal with uncertainty ...
Katerina Smidkova
core

