Not exact matches
Botsman recommends they become more transparent, inclusive, dynamic and personalized; more adept at forming new business
models and
demonstrating new trust - engendering behaviors; and more accountable when they break the
rules.
The monetary policy debate over whether
rule - like behavior is preferable to pure discretion dates back at least to Henry Simons in 1936.1 More recently, in their Nobel Prize - winning work, Finn Kydland and Ed Prescott
demonstrated that a credible commitment by policymakers to behave in a systematic
rule - like manner leads to better outcomes than discretion.2 Since then, numerous papers using a variety of
models have investigated the benefits of
rule - like behavior in monetary policy and found that there are indeed significant benefits.
Modeling rules, as I said last week, involves
demonstrating the specific behaviors and language patterns of an expectation in a way that grounds the
rules in day - to - day experiences.
You guys are missing the point of the
Model Portfolio - It explicitly says it is to
demonstrate that a consistently applied set of
rules is what will work for you.
These comments
demonstrate that many associated with the ABA (including at least two members of the House of Delegates) either are not familiar with or have chosen to disregard — if not reject — Terry's admonition that «when the ABA prepares
model rules, it should not be acting with its «trade representative» hat on, nor should it try to advance the self - interest of its members.»
• Possess well
demonstrated financial analysis skills, including sophisticated financial
modeling and statistical analysis along with detailed knowledge of financial systems,
rules and procedures.