Implications of Constraints on Mass Parameters in the Higgs Sector of the Nonlinear Supersymmetric SU(5) Model

The Higgs sector of the minimal nonlinear supersymmetric SU(5) model contains three mass parameters. Although these mass parameters are essentially free at the electroweak scale, they might have particular values if they evolve from a particular constraints at the GUT scale through the RG equations. By assuming a number of simple constraints on these mass parameters at the GUT scale, we obtain their values at the electroweak scale through the RG equations in order to investigate the phenomenological implications. Some of them are found to be consistent with the present experimental data.Comment: 23 pages, 10 figure

Thermodynamics Characterization of Density models for an Effective Solar Water Heater Sizing

The problem faced in Sizing of an effective Solar Water Heater (SWH) by engineers to meet certain design requirement is highly enormous. Using the thermodynamic characterization relation and the knowledge of Solar Water Heater (SWH) density’s model; various design were evaluated. The result shows that density model actually predicts adequately and providing alternative means of estimating these design parameters. Also, the properties of the system, such as entropy and enthalpy (specific heat capacities), which cannot be determined directly from experimental axiom, were evaluated. These evaluations therefore, give room to express the thermodynamics properties of the system and consequently improve the design performance. Further comparisons with experimental results reveal a better outfit. Therefore through the knowledge of thermodynamic relation an efficient Solar Water Heater is operated and empirical data is expanded

Aging, myopia and the pay-as-you-go public pension systems of the G7: a bright future?

The public pension systems of the G7 countries were established in an era when the number of contributors far outweighed the number of beneficiaries. Now, for each beneficiary there are fewer contributors, and this trend is projected to accelerate. To evaluate the prospects for these economies we develop an overlapping generations model where growth is endogenously fueled by investments in physical and human capital. We analyze individuals' behavior when their expectations over their length of life are rational or myopic and examine whether policies exist that can offset the effects of aging, should they be adverse. We find that while perfectly anticipated aging is welfare improving and does not threaten the solvency of public pension systems, myopia worsens welfare, puts pension systems at risk, and cannot be easily remedied by public policy.Social security

Banks vs. credit unions; dynamic competition in local markets

One interesting aspect of the financial services industry is that for-profit institutions such as commercial banks compete directly with not-for-profit financial intermediaries such as credit unions. In this article, we analyze competition among banks and between banks and credit unions using a dynamic model of spatial competition. The model allows for the co-existence of (for-profit) banks and (not-for-profit) credit unions. Using annual county-level data on banking market concentration and credit-union participation rates for the period 1989-96, we find empirical evidence of two-way competitive interactions between banks and credit unions.Credit unions ; Bank management

The dynamic relationship between the federal funds rate and the Treasury bill rate: an empirical investigation

This article examines the dynamic relationship between two key U.S. money market interest rates - the federal funds rate and the 3-month Treasury bill rate. Using daily data over the period 1974 to 1999, we find a long-run relationship between these two rates that is remarkably stable across monetary policy regimes of interest rate and monetary aggregate targeting. Employing a non-linear asymmetric vector equilibrium correction model, which is novel in this context, we find that most of the adjustment towards the long-run equilibrium occurs through the federal funds rates. In turn, there is strong evidence for the existence of significant asymmetries and nonlinearities in interest rate dynamics that have implications for the conventional view of interest rate behavior.Interest rates ; Arbitrage ; Treasury bills

Do real exchange rates have autoregressive unit roots? a test under the alternative of long memory and breaks

In this paper, we estimate (by maximum likelihood) the parameters of univariate fractionally integrated real exchange rate time series models, and test for autoregressive unit roots on the alternative of a covariance stationary long-memory process. We use quarterly dollar-based real exchange rates (since 1957) for seventeen OECD countries, and that the finding of unit autoregressive roots does not go away even with this more sophisticated alternative.Foreign exchange rates ; Time-series analysis

Failure to detect "cap" structures in mitochondrial DNA-coded poly(A)-containing RNA from HeLa cells

The structure of the 5'-termini has been investigated in mitochondrial DNA- coded poly(A)-containing RNA from HeLa cells. For this purpose, mitochondrial RNA isolated from cells labeled for 3 hours with [32P]orthophosphate in the presence of 20 µg/ml camptothecin, and selected for poly(A) content by two passages through oligo(dT)-cellulose, was digested either with the nuclease P1 or with a mixture of RNases: the digestion products were then fractionated by two-dimensional electrophoresis. No "cap" structures were detected under conditions where the presence of such structures in one out of five to ten RNA molecules would have been recognized. It is, therefore, likely that "cap" structures are completely absent in HeLa cell mitochondrial poly(A)-containing RNA

Determinacy, learnability, and monetary policy inertia

We document that monetary policy inertia can help alleviate problems of indeterminacy and non-existence of stationary equilibrium observed for some commonly-studied monetary policy rules. We also find that inertia promotes learnability of equilibrium. The context is a simple, forward-looking model of the macroeconomy widely used in the rapidly expanding literature in this area. We conclude that this might be an important reason why central banks in the industrialized economies display considerable inertia when adjusting monetary policy in response to changing economic conditions.Monetary policy ; Monetary theory