Description: Summarizes the state of US government balance sheet and defends the view that inflation will not rise sharply in the next few years.

Description: This article examines how the choice of the rebalancing frequency in a variable annuity hedging program impacts hedging.

Description: Read the August 2019 issue of Risks & Rewards published by the Investment Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: This article speculates on the presence and magnitude of the benefits attributable to regular rebalancing of one's investment portfolio. It surveys the extant literature, discusses certain implications, and presents conclusions.

Description: The author provides insights into the reasons for the decline of Japanese government bond yields to record lows as of October 1997. This article originally appeared in the November 1997 issue of International Economic Trends, and is reprinted courtesy of the Federal Reserve Bank of St. Louis.

Description: The author summarizes the content of a seminar entitled “Integrated Approaches to Risk Management in the Financial Services Industry,” including a description of the papers presented.

Description: This article notes that life insurance companies have long used sophisticated techniques for appraising capital investment, and explores the question of whether these techniques can be applied to other industries.

Description: This article discusses the demographic trends as the “baby boomer” generation begins to retire, including implications for retirement plans, Social Security, and other considerations. Reprinted from the Federal Reserve Bank of San Francisco Economic Letter, Number 98–20, June 26, 1998.

Description: This article discusses credit default options, the applications, pricing and hedging default risk.