论文标题
零知识最佳货币政策在随机支配下
Zero-Knowledge Optimal Monetary Policy under Stochastic Dominance
论文作者
论文摘要
为了对通货膨胀，输出和其他不确定性来源的变化提供最佳响应，以动态随机的一般平衡（DSGE）模型得出了第一个随机占主导地位的加密货币货币策略的最佳简单规则。最佳的货币政策随机地在所有先前的加密货币上占主导地位，因此，有效的投资组合是在随机上占主导地位的加密货币上长期以来：一种较高的欧米茄比率，具有较高的欧米茄比率，具有较高的预期收益，诱发了一种投资效率高效的NASH Equilibrium，而不是Crypto-Market。货币政策的零知识证明是在区块链上实施的：提供了实施。
Optimal simple rules for the monetary policy of the first stochastically dominant crypto-currency are derived in a Dynamic Stochastic General Equilibrium (DSGE) model, in order to provide optimal responses to changes in inflation, output, and other sources of uncertainty. The optimal monetary policy stochastically dominates all the previous crypto-currencies, thus the efficient portfolio is to go long on the stochastically dominant crypto-currency: a strategy-proof arbitrage featuring a higher Omega ratio with higher expected returns, inducing an investment-efficient Nash equilibrium over the crypto-market. Zero-knowledge proofs of the monetary policy are committed on the blockchain: an implementation is provided.
