523,825 research outputs found

    How the World Achieved Consensus on Monetary Policy

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    This article tells how the world achieved a working consensus on the core principles of monetary policy. The story begins with the muddled state of affairs in the late 1970s. It then asks: How did Federal Reserve policy produce an understanding of the practical principles of monetary policy? How did formal institutional support abroad for targeting low inflation follow from an international acceptance of these ideas? And how did a consensus theoretical model develop in academia? The article tells how the modern theoretical consensus known as the New Neoclassical Synthesis (aka, the New Keynesian model) reinforces key advances: the priority for price stability, the targeting of core rather than headline inflation, the importance of credibility for low inflation, and preemptive interest rate policy supported by transparent objectives and procedures. The conclusion identifies important practical issues that remain to be explored in theory.

    Cardiovascular-renal axis disorders in the domestic dog and cat: a veterinary consensus statement

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    OBJECTIVES There is a growing understanding of the complexity of interplay between renal and cardiovascular systems in both health and disease. The medical profession has adopted the term "cardiorenal syndrome" (CRS) to describe the pathophysiological relationship between the kidney and heart in disease. CRS has yet to be formally defined and described by the veterinary profession and its existence and importance in dogs and cats warrant investigation. The CRS Consensus Group, comprising nine veterinary cardiologists and seven nephrologists from Europe and North America, sought to achieve consensus around the definition, pathophysiology, diagnosis and management of dogs and cats with "cardiovascular-renal disorders" (CvRD). To this end, the Delphi formal methodology for defining/building consensus and defining guidelines was utilised. METHODS Following a literature review, 13 candidate statements regarding CvRD in dogs and cats were tested for consensus, using a modified Delphi method. As a new area of interest, well-designed studies, specific to CRS/CvRD, are lacking, particularly in dogs and cats. Hence, while scientific justification of all the recommendations was sought and used when available, recommendations were largely reliant on theory, expert opinion, small clinical studies and extrapolation from data derived from other species. RESULTS Of the 13 statements, 11 achieved consensus and 2 did not. The modified Delphi approach worked well to achieve consensus in an objective manner and to develop initial guidelines for CvRD. DISCUSSION The resultant manuscript describes consensus statements for the definition, classification, diagnosis and management strategies for veterinary patients with CvRD, with an emphasis on the pathological interplay between the two organ systems. By formulating consensus statements regarding CvRD in veterinary medicine, the authors hope to stimulate interest in and advancement of the understanding and management of CvRD in dogs and cats. The use of a formalised method for consensus and guideline development should be considered for other topics in veterinary medicine

    A fault tolerance bisimulation proof for consensus

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    The possibility of partial failure occuring at any stage of computation complicates rigorous formal treatment of distributed algorithms. We propose a methodology for formalising and proving the correctness of distributed algorithms which alleviates this complexity. The methodology uses fault-tolerance bisimulation proof techniques to split the analysis into two phases, that is a failure-free phase and a failure phase, permitting separation of concerns. We design a minimal partial-failure calculus, develop a corresponding bisimulation theory for it and express a consensus algorithm in the calculus. We then use the consensus example and the calculus theory to demonstrate the benefits of our methodology.peer-reviewe

    Proving distributed algorithm correctness using fault tolerance bisimulations

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    The possibility of partial failure occuring at any stage of computation complicates rigorous formal treatment of distributed algorithms. We propose a methodology for formalising and proving the correctness of distributed algorithms which alleviates this complexity. The methodology uses fault-tolerance bisimulation proof techniques to split the analysis into two phases, that is a failure-free phase and a failure phase, permitting separation of concerns. We design a minimal partial-failure calculus, develop a corresponding bisimulation theory for it and express commit and consensus algorithms in the calculus. We then use the consensus example and the calculus theory as the framework in which to demonstrate the benefits of our methodology.peer-reviewe

    Acquisition of Information is Achieved by the Measurement Process in Classical and Quantum Physics

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    No consensus seems to exist as to what constitutes a measurement which is still considered somewhat mysterious in many respects in quantum mechanics. At successive stages mathematical theory of measure, metrology and measurement theory tried to systematize this field but significant questions remain open about the nature of measurement, about the characterization of the observer, about the reliability of measurement processes etc. The present paper attempts to talk about these questions through the information science. We start from the idea, rather common and intuitive, that the measurement process basically acquires information. Next we expand this idea through four formal definitions and infer some corollaries regarding the measurement process from those definitions. Relativity emerges as the basic property of measurement from the present logical framework and this rather surprising result collides with the feeling of physicists who take measurement as a myth. In the closing this paper shows how the measurement relativity wholly consists with some effects calculated in QM and in Einstein's theory.Comment: Prepared for : Quantum Theory: Reconsideration of Foundations - 4 (QTFR-4), Vaxjo, Sweden, 6-11 June 2007. To be published by the American Institute of Physics in the AIP Conference Proceedings series. Talk presented by Paolo Rocch

    Towards a theory of ground-theoretic content

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    A lot of research has recently been done on the topic of ground, and in particular on the logic of ground. According to a broad consensus in that debate, ground is hyperintensional in the sense that even logically equivalent truths may differ with respect to what grounds them, and what they ground. This renders pressing the question of what we may take to be the ground-theoretic content of a true statement, i.e. that aspect of the statement's overall content to which ground is sensitive. I propose a novel answer to this question, namely that ground tracks how, rather than just by what, a statement is made true. I develop that answer in the form of a formal theory of ground-theoretic content and show how the resulting framework may be used to articulate plausible theories of ground, including in particular a popular account of the grounds of truth-functionally complex truths that has proved difficult to accommodate on alternative views of content

    Truncation, validity, uncertainties

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    The truncation of the standard-model effective field theory, its validity andthe associated uncertainties have been discussed in meetings of the LHC EFT WG.Proposals were made by participants to address these issues. No consensus wasreached and no formal recommendation is therefore put forward at this time.None of the proposals has been approved or validated and further work is neededto establish a prescription. This note aims at summarizing the proposals andpoints of debate.<br

    Truncation, validity, uncertainties

    Get PDF
    The truncation of the standard-model effective field theory, its validity andthe associated uncertainties have been discussed in meetings of the LHC EFT WG.Proposals were made by participants to address these issues. No consensus wasreached and no formal recommendation is therefore put forward at this time.None of the proposals has been approved or validated and further work is neededto establish a prescription. This note aims at summarizing the proposals andpoints of debate.<br
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