There’s an old adage in business: “Don’t tell me your priorities; show me your budget, and I’ll tell you what your priorities are.” In today’s data-driven environment, in which efficient resource ...

The input argument fun refers to an IML module that specifies a function that returns f, a vector of length m for least-squares subroutines or a scalar for other optimization subroutines. The returned ...

One topic of research that keeps popping up is the question of what the central bank objective function should be. In simpler terms, what is the target of the central ...