Professor Kevin Dowd's Outputs (250)

U.S. Decapitalization, Easy Money and Asset Price Cycles (2011)
Journal Article
Dowd, K., & Hutchinson, M. (2011). U.S. Decapitalization, Easy Money and Asset Price Cycles. The Cato journal, 31(3), 505-519

Promoting Scholarship that Matters: The Uselessness of Useful Research and the Usefulness of Useless Research (2011)
Journal Article
Learmonth, M., Lockett, A., & Dowd, K. (2012). Promoting Scholarship that Matters: The Uselessness of Useful Research and the Usefulness of Useless Research. British Journal of Management, 23(1), 35-44. https://doi.org/10.1111/j.1467-8551.2011.00754.x

Our ambition in this essay is to challenge received wisdoms about the importance of ‘useful’ management scholarship. Suggesting that usefulness and uselessness are contingent on issues of temporality and power, we advocate caution in assigning terms... Read More about Promoting Scholarship that Matters: The Uselessness of Useful Research and the Usefulness of Useless Research.

Mortality Density Forecasts: An Analysis of Six Stochastic Mortality Models. (2011)
Journal Article
Cairns, A., Blake, D., Dowd, K., Coughlan, G., Epstein, D., & Khalaf-Allah, M. (2011). Mortality Density Forecasts: An Analysis of Six Stochastic Mortality Models. Insurance: Mathematics and Economics, 48(3), 355-367. https://doi.org/10.1016/j.insmatheco.2010.12.005

A Computationally Efficient Algorithm For Estimating The Distribution Of Future Annuity Values Under Interest-Rate and Longevity Risks. (2011)
Journal Article
Dowd, K., Blake, D., & Cairns, J. (2011). A Computationally Efficient Algorithm For Estimating The Distribution Of Future Annuity Values Under Interest-Rate and Longevity Risks. North American Actuarial Journal, 15(2), 237-247. https://doi.org/10.1080/10920277.2011.10597619

This paper proposes a computationally efficient algorithm for quantifying the impact of interestrate risk and longevity risk on the distribution of annuity values in the distant future. The algorithm simulates the state variables out to the end of th... Read More about A Computationally Efficient Algorithm For Estimating The Distribution Of Future Annuity Values Under Interest-Rate and Longevity Risks..

A Gravity Model of Mortality Rates for Two Related Populations. (2011)
Journal Article
Cairns, A., Blake, D., Dowd, K., Khalaf-Allah, M., & Coughlan, G. (2011). A Gravity Model of Mortality Rates for Two Related Populations. North American Actuarial Journal, 15(2), 334-356. https://doi.org/10.1080/10920277.2011.10597624

The mortality rate dynamics between two related but different-sized populations are modeled consistently using a new stochastic mortality model that we call the gravity model. The larger population is modeled independently, and the smaller population... Read More about A Gravity Model of Mortality Rates for Two Related Populations..

Reawakening the Inflation Monster: US Monetary Policy and the Federal Reserve (2010)
Book Chapter
Dowd, K., & Hutchinson, M. (2010). Reawakening the Inflation Monster: US Monetary Policy and the Federal Reserve. In R. Kolb (Ed.), Lessons from the Financial Crisis: Insights and Analysis from Today's Leading Minds (475-481). Wiley. https://doi.org/10.1002/9781118266588.ch59

Using Order Statistics to Estimate Confidence Intervals for Quantile-based Risk Measures. (2010)
Journal Article
Dowd, K. (2010). Using Order Statistics to Estimate Confidence Intervals for Quantile-based Risk Measures. The journal of derivatives, 17(3), 9-14. https://doi.org/10.3905/jod.2010.17.3.009

Facing up to Uncertain Life Expectancy: The Longevity Fan Charts. (2010)
Journal Article
Dowd, K., Blake, D., & Cairns, A. (2010). Facing up to Uncertain Life Expectancy: The Longevity Fan Charts. Demography, 47(1), 67-78. https://doi.org/10.1353/dem.0.0083

Intra-Day Seasonality in Foreign Exchange Market Transactions. (2010)
Journal Article
Cotter, J., & Dowd, K. (2010). Intra-Day Seasonality in Foreign Exchange Market Transactions. International Review of Economics and Finance, 19(2), 287-294. https://doi.org/10.1016/j.iref.2009.08.003

Alchemists of Loss: How Modern Finance and Government Intervention Crashed the Financial System. (2010)
Book
Dowd, K., & Hutchinson, M. (2010). Alchemists of Loss: How Modern Finance and Government Intervention Crashed the Financial System. Wiley

Backtesting Stochastic Mortality Models: An Ex-Post Evaluation of Multi-Period-Ahead Density Forecasts. (2010)
Journal Article
Dowd, K., Cairns, A., Blake, D., Coughlan, D., Epstein, D., & Khalaf-Allah, M. (2010). Backtesting Stochastic Mortality Models: An Ex-Post Evaluation of Multi-Period-Ahead Density Forecasts. North American Actuarial Journal, 14(3), 281-298. https://doi.org/10.1080/10920277.2010.10597592

Survivor Derivatives: A Consistent Pricing Framework. (2010)
Journal Article
Dawson, P., Dowd, K., Cairns, A., & Blake, D. (2010). Survivor Derivatives: A Consistent Pricing Framework. Journal of Risk and Insurance, 77(3), 579-596. https://doi.org/10.1111/j.1539-6975.2010.01356.x

Evaluating the Goodness of Fit of Stochastic Mortality Models. (2010)
Journal Article
Dowd, K., Cairns, A., Blake, D., Coughlan, G., Epstein, D., & Khalaf-Allah, M. (2010). Evaluating the Goodness of Fit of Stochastic Mortality Models. Insurance: Mathematics and Economics, 47(3), 255-273. https://doi.org/10.1016/j.insmatheco.2010.06.006

Value-at-Risk (2010)
Book Chapter
Dowd, K. (2010). Value-at-Risk. In R. Cont (Ed.), Encyclopedia of Quantitative Finance (1863-1866). (1). Wiley

Estimating Financial Risk Measures for Options. (2010)
Journal Article
Sorwar, G., & Dowd, K. (2010). Estimating Financial Risk Measures for Options. Journal of Banking and Finance, 34(8), 1982-1992. https://doi.org/10.1016/j.jbankfin.2010.01.005

Designing a Defined Contribution Plan: What to Learn from Aircraft Designers. (2009)
Journal Article
Blake, B., Cairns, A., & Dowd, K. (2009). Designing a Defined Contribution Plan: What to Learn from Aircraft Designers. Financial Analysts Journal, 65(1), 37-42. https://doi.org/10.2469/faj.v65.n1.7

A Quantitative Comparison of Stochastic Mortality Models Using Data from England and Wales and the United States. (2009)
Journal Article
Cairns, A., Blake, D., Dowd, K., Coughlan, G., Epstein, D., Ong, A., & Balevich, I. (2009). A Quantitative Comparison of Stochastic Mortality Models Using Data from England and Wales and the United States. North American Actuarial Journal, 13(1), 1-35

Lessons from the Financial Crisis: A Libertarian Perspective. (2009)
Book
Dowd, K. (2009). Lessons from the Financial Crisis: A Libertarian Perspective. Libertarian Alliance, Online

Crunch Time for Bank Audits? Questions of Practice and the Scope for Dialogue. (2009)
Journal Article
Woods, M., Humphrey, C., Dowd, K., & Liu, Y. (2009). Crunch Time for Bank Audits? Questions of Practice and the Scope for Dialogue. Managerial Auditing Journal, 24(2), 114-134. https://doi.org/10.1108/02686900910924545

Stress Tests, Market Risk Measures and Extremes: Bringing Stress Tests to the Forefront of Market Risk Management. (2009)
Book Chapter
Aragones, J., Blanco, C., & Dowd, K. (2009). Stress Tests, Market Risk Measures and Extremes: Bringing Stress Tests to the Forefront of Market Risk Management. In D. Rosch, & H. Scheule (Eds.), Stress Testing for Financial Institutions: Applications, Regulations and Techniques (17-33). Risk Books