JSTOR Daily

Uncertainty Analysis of Runoff Simulations and Parameter Identifiability in the Community Land Model:

ABSTRACT In this study, the authors applied version 4 of the Community Land Model (CLM4) integrated with an uncertainty quantification (UQ) framework to 20 selected watersheds from the Model Parameter ...
JSTOR Daily

Uncertainty Quantification of System Model Parameters with Component Level and Sub-System Level Tests

SAE International Journal of Materials and Manufacturing, Vol. 9, No. 2 (May 2016), pp. 345-354 (10 pages) ABSTRACT An essential step in predicting the output of a complicated system is the ...
San Francisco Fed

Welfare-Maximizing Monetary Policy under Parameter Uncertainty

This paper examines welfare-maximizing monetary policy in an estimated micro-founded general equilibrium model of the U.S. economy where the policymaker faces uncertainty about model parameters.
Risk

Parameter estimation, bias correction and uncertainty quantification in the Vasicek credit portfolio model

This paper is devoted to the parameterization of correlations in the Vasicek credit portfolio model. First, we analytically approximate standard errors for value-at-risk and expected shortfall based ...
San Francisco Fed

Uncertainty and Monetary Policy

In any meeting of monetary policymakers, uncertainty is likely to play an important role in their deliberations. According to Alan Greenspan (2003), “Uncertainty is not just an important feature of ...