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Outputs (249)

Le nouveau marché du risque de longévité. (2016)
Journal Article
Blake, D., Cairns, A., Coughlan, G., Dowd, K., & MacMinn, R. (2016). Le nouveau marché du risque de longévité. https://doi.org/10.3917/ecofi.122.0129

L'impact considérable du risque de longévité sur le plan économique pour les entreprises, les gouvernements et les individus commence à être reconnu et quantifié. En raison de son ampleur et de sa prévalence, l'exposition au risque de longévité const... Read More about Le nouveau marché du risque de longévité..

The Myth of Methusalah and the Uncertainty of Death: The Mortality Fan Charts (2016)
Journal Article
Dowd, K., Blake, D., & Cairns, A. (2016). The Myth of Methusalah and the Uncertainty of Death: The Mortality Fan Charts. Risks, 4(3), Article 21. https://doi.org/10.3390/risks4030021

This paper uses mortality fan charts to illustrate prospective future male mortality. These fan charts show both the most likely path of male mortality and the bands of uncertainty surrounding that path. The fan charts are based on a model of male mo... Read More about The Myth of Methusalah and the Uncertainty of Death: The Mortality Fan Charts.

Phantoms never die: living with unreliable population data (2016)
Journal Article
Cairns, A., Blake, D., Dowd, K., & Kessler, A. (2016). Phantoms never die: living with unreliable population data. Journal of the Royal Statistical Society: Series A, 179(4), 975-1005. https://doi.org/10.1111/rssa.12159

The analysis of national mortality trends is critically dependent on the quality of the population, exposures and deaths data that underpin death rates. We develop a framework that allows us to assess data reliability and to identify anomalies, illus... Read More about Phantoms never die: living with unreliable population data.

Free Banking. (2015)
Book Chapter
Down, K. (2015). Free Banking. In P. Boettke, & C. Coyne (Eds.), Oxford Handbook of Austrian Economics. Oxford University Press

Revisiting variance gamma pricing: An application to S&P500 index options (2015)
Journal Article
Mozumder, S., Sorwar, G., & Dowd, K. (2015). Revisiting variance gamma pricing: An application to S&P500 index options. International Journal of Financial Engineering, 02(02), Article 1550022. https://doi.org/10.1142/s242478631550022x

This paper reformulates the Lévy–Kintchine formula to make it suitable for modeling the stochastic time-changing effects of Lévy processes. Using the variance gamma (VG) process as an example, it illustrates the dynamic properties of a Lévy process a... Read More about Revisiting variance gamma pricing: An application to S&P500 index options.