15,138 research outputs found
Essays on monetary policy and financial stability
Doutoramento em EconomiaBy focusing on the relationship between financial stability and monetary policy for the cases of Chile, Colombia, Japan, Portugal and the UK, this thesis aims to add to the existing literature on the fundamental issue of the relationship between financial stability and monetary policy, a traditional topic that gained importance in the aftermath of the GFC as Central Banks lowered policy rates in an effort to rescue their economies. As the zero-lower bound loomed and the reach of traditional monetary policy narrowed, policy makers realised that alternative frameworks were needed and hence, macroprudential policy measures aimed at targeting the financial system as a whole were introduced.
The second chapter looks at the relationship between monetary policy and financial stability, which has gained importance in recent years as Central Bank policy rates neared the zero-lower bound. We use an SVAR model to study the impact of monetary policy shocks on three proxies for financial stability as well as a proxy for economic growth. Monetary policy is represented by policy rates for the EMEs and shadow rates for the AEs in our chapter. Our main results show that monetary policy may be used to correct asset mispricing, to control fluctuations in the real business cycle and also to tame credit cycles in the majority of cases. Our results also show that for the majority of cases, in line with theory, local currencies appreciate following a positive monetary policy shock. Monetary policy intervention may indeed be successful in contributing to or achieving financial stability. However, the results show that monetary policy may not have the ability to maintain or re-establish financial stability in all cases. Alternative policy choices such as macroprudential policy tool frameworks which are aimed at targeting the financial system as a whole may be implemented as a means of fortifying the economy.
The third chapter looks at the institutional setting of the countries in question, the independence of the Central Bank, the political environment and the impact of these factors on financial Abstract stability. I substantiate the literature review discussion with a brief empirical analysis of the effect of Central Bank Independence on credit growth using an existing database created by Romelli (2018). The empirical results show that there is a positive relationship between credit growth and the level of Central Bank Independence (CBI) due to the positive and statistically significant coefficient on the interaction term between growth in domestic credit to the private sector and the level of CBI. When considering domestic credit by deposit money banks and other financial institutions, the interaction term is positive and statistically significant for the case of the UK for the third regression equation. A number of robustness checks show that the coefficient is positive and statistically significant for a number of cases when implementing a variety of estimation methods. Fluctuations in credit growth are larger for higher levels of CBI and hence, in periods of financial instability or ultimately financial crises, CBI would be reined back in an effort to re-establish financial stability. Based on the empirical results, and in an effort to slow down surging credit supply and to maintain financial stability, policy makers and governmental authorities should attempt to decrease the level of CBI when the economy shows signs of overheating and credit supply continues to increase.
The fourth chapter looks at the interaction between macroprudential policy and financial stability. The unexpected interconnectedness of the global economy and the economic blight that occurred as a result of this, recapitulated the need to implement an alternative policy framework aimed at targeting the financial system as a whole and hence, targeting the maintenance of financial stability. In this chapter, an index of domestic macroprudential policy tools is constructed and the effectiveness of these tools in controlling credit growth, managing GDP growth and stabilising inflation growth is studied using a dynamic panel data model for the period between 2000 and 2017. The empirical analysis includes two panels namely an EU panel of 27 countries and a Latin American panel of 7 countries, the chapter also looks at a case study of Japan, Portugal and the UK. Our main results find that a tighter macroprudential policy tool stance leads to a decrease in both credit growth and GDP growth while, a tighter macroprudential policy tool stance results in higher inflation in the majority of cases. Further, we find that capital openness plays a more important role in the case of Latin America, this may be due to the region’s dependence on foreign capital flows and exchange rate movements. Lastly, we find that, in times of higher perceived market volatility, GDP growth tends to be higher and inflation growth tends to be lower in the EU. In the other cases, higher levels of perceived market volatility result in higher inflation, higher credit growth and lower GDP Abstract growth. This is in line with expectations as an increase in perceived market volatility is met with an increased flow of assets into safer markets such as the EU.
This thesis establishes a relationship between financial stability and monetary policy by studying the response of Chile, Colombia, Japan, Portugal and the UK in the aftermath of the GFC as Central Banks lowered policy rates in an effort to rescue their economies. In short, the results of the work conducted in this thesis may be summarised as follows. Our results show that monetary policy contributes to the achievement of financial stability. Still, monetary policy alone is not sufficient and should be reinforced by less traditional policy choices such as macroprudential policy tools. Secondly, we find that the level of CBI should be reined in in times of surging credit supply in an effort to maintain financial stability. Finally, we conclude that macroprudential policy tools play an important role in the achievement of financial stability. These tools should complement traditional monetary policy frameworks and should be adapted for each region.info:eu-repo/semantics/publishedVersio
Chinese Open Instruction Generalist: A Preliminary Release
Instruction tuning is widely recognized as a key technique for building
generalist language models, which has attracted the attention of researchers
and the public with the release of InstructGPT~\citep{ouyang2022training} and
ChatGPT\footnote{\url{https://chat.openai.com/}}. Despite impressive progress
in English-oriented large-scale language models (LLMs), it is still
under-explored whether English-based foundation LLMs can perform similarly on
multilingual tasks compared to English tasks with well-designed instruction
tuning and how we can construct the corpora needed for the tuning.
To remedy this gap, we propose the project as an attempt to create a Chinese
instruction dataset by various methods adapted to the intrinsic characteristics
of 4 sub-tasks. We collect around 200k Chinese instruction tuning samples,
which have been manually checked to guarantee high quality. We also summarize
the existing English and Chinese instruction corpora and briefly describe some
potential applications of the newly constructed Chinese instruction corpora.
The resulting \textbf{C}hinese \textbf{O}pen \textbf{I}nstruction
\textbf{G}eneralist (\textbf{COIG}) corpora are available in
Huggingface\footnote{\url{https://huggingface.co/datasets/BAAI/COIG}} and
Github\footnote{\url{https://github.com/FlagOpen/FlagInstruct}}, and will be
continuously updated
Annual report of the officers of the town of Jackson, New Hampshire for the fiscal year ending December 31, 2022.
This is an annual report containing vital statistics for a town/city in the state of New Hampshire
Examples of works to practice staccato technique in clarinet instrument
Klarnetin staccato tekniğini güçlendirme aşamaları eser çalışmalarıyla uygulanmıştır. Staccato
geçişlerini hızlandıracak ritim ve nüans çalışmalarına yer verilmiştir. Çalışmanın en önemli amacı
sadece staccato çalışması değil parmak-dilin eş zamanlı uyumunun hassasiyeti üzerinde de
durulmasıdır. Staccato çalışmalarını daha verimli hale getirmek için eser çalışmasının içinde etüt
çalışmasına da yer verilmiştir. Çalışmaların üzerinde titizlikle durulması staccato çalışmasının ilham
verici etkisi ile müzikal kimliğe yeni bir boyut kazandırmıştır. Sekiz özgün eser çalışmasının her
aşaması anlatılmıştır. Her aşamanın bir sonraki performans ve tekniği güçlendirmesi esas alınmıştır.
Bu çalışmada staccato tekniğinin hangi alanlarda kullanıldığı, nasıl sonuçlar elde edildiği bilgisine
yer verilmiştir. Notaların parmak ve dil uyumu ile nasıl şekilleneceği ve nasıl bir çalışma disiplini
içinde gerçekleşeceği planlanmıştır. Kamış-nota-diyafram-parmak-dil-nüans ve disiplin
kavramlarının staccato tekniğinde ayrılmaz bir bütün olduğu saptanmıştır. Araştırmada literatür
taraması yapılarak staccato ile ilgili çalışmalar taranmıştır. Tarama sonucunda klarnet tekniğin de
kullanılan staccato eser çalışmasının az olduğu tespit edilmiştir. Metot taramasında da etüt
çalışmasının daha çok olduğu saptanmıştır. Böylelikle klarnetin staccato tekniğini hızlandırma ve
güçlendirme çalışmaları sunulmuştur. Staccato etüt çalışmaları yapılırken, araya eser çalışmasının
girmesi beyni rahatlattığı ve istekliliği daha arttırdığı gözlemlenmiştir. Staccato çalışmasını yaparken
doğru bir kamış seçimi üzerinde de durulmuştur. Staccato tekniğini doğru çalışmak için doğru bir
kamışın dil hızını arttırdığı saptanmıştır. Doğru bir kamış seçimi kamıştan rahat ses çıkmasına
bağlıdır. Kamış, dil atma gücünü vermiyorsa daha doğru bir kamış seçiminin yapılması gerekliliği
vurgulanmıştır. Staccato çalışmalarında baştan sona bir eseri yorumlamak zor olabilir. Bu açıdan
çalışma, verilen müzikal nüanslara uymanın, dil atış performansını rahatlattığını ortaya koymuştur.
Gelecek nesillere edinilen bilgi ve birikimlerin aktarılması ve geliştirici olması teşvik edilmiştir.
Çıkacak eserlerin nasıl çözüleceği, staccato tekniğinin nasıl üstesinden gelinebileceği anlatılmıştır.
Staccato tekniğinin daha kısa sürede çözüme kavuşturulması amaç edinilmiştir. Parmakların
yerlerini öğrettiğimiz kadar belleğimize de çalışmaların kaydedilmesi önemlidir. Gösterilen azmin ve
sabrın sonucu olarak ortaya çıkan yapıt başarıyı daha da yukarı seviyelere çıkaracaktır
Strategies for Early Learners
Welcome to learning about how to effectively plan curriculum for young children. This textbook will address: • Developing curriculum through the planning cycle • Theories that inform what we know about how children learn and the best ways for teachers to support learning • The three components of developmentally appropriate practice • Importance and value of play and intentional teaching • Different models of curriculum • Process of lesson planning (documenting planned experiences for children) • Physical, temporal, and social environments that set the stage for children’s learning • Appropriate guidance techniques to support children’s behaviors as the self-regulation abilities mature. • Planning for preschool-aged children in specific domains including o Physical development o Language and literacy o Math o Science o Creative (the visual and performing arts) o Diversity (social science and history) o Health and safety • Making children’s learning visible through documentation and assessmenthttps://scholar.utc.edu/open-textbooks/1001/thumbnail.jp
TEACHING STRATEGIES AND THE PROBLEM FACED BY EFL TEACHER DURING COVID-19 OUTBREAK AT JUNIOR HIGH SCHOOL
The education system have to switch from face-to-face to online teaching due to the pandemic. This situation is considered new in Indonesia, the teachers have to adapt their self with this situation. An example is learning to use technology in online teaching and making a lesson plan that can make students interested in online learning.This research aimed to know what are teaching strategies used by EFL teachers and what are the teacher problems in online teaching at the Junior High School 98 during Pandemic. This research used qualitative as a design and narrative descriptive as the approach. The technique to collect the data researcher used in this research is observation, interview, and documentation. In addition, the object of this research is EFL teachers, the researcher interviewed 5 EFL teachers. The results of this research are: 1)The teacher strategies used in online teaching during a pandemic is synchronous, while teacher used platform WhatsApp, Google Classroom, and Google Meet for online classes. In addition, to create the task the teacher gives chance to the students to useanother platform such as Canva, Youtube, Video Maker, etc. On the other hand, the teacher have some strategies to overcome the problems when teaching online, such as when the students have a problem in the following class online through the platform Google Meet, the teacher shared the material in Google Classroom. While, the researcher found in students motivation the teacher do teamwork with students’ parents in control the students at home; 2) the teaching online problems that researcher found in this research are: lack of quota package, lack of internet access, lack of motivation, and lack of facilities
The Mission Statement of Jesus: Mark 1:15, Mark's Apocalyptically Charged Decision Motif
This dissertation examines the mission statement of Jesus in Mark 1:15: ‘The time is fulfilled, the kingdom of God is at hand, repent and believe in the gospel’. The statement will be examined from the perspective of the writer, Mark, who - it will be argued - crafted the statement as a rhetorical device to press his audience for a personal decision to accept Jesus as the Messiah and Son of God and as a call for them to be baptized. It will be argued that the mission statement was fully crafted by Mark rather than originating with the historical Jesus. The analysis examines the apocalyptic imagery that the writer invokes, and how he uses that imagery to charge a decision motif with tension and a call to action, prior to what was expected to be the imminent Parousia of Jesus. The statement in Mark 1:15 is examined from a textual, literary, and historical perspective, considering Mark’s literary style from a narrative perspective, his rhetorical goals, and the eschatological and apocalyptic expectations that were operating in the background at the time of the Gospel’s composition. Mark’s use of apocalyptic imagery for rhetorical purposes will be shown to be the product of his circumstances and of those experienced by his community during the first Jewish-Roman War. These circumstances led him to believe that the end of the age had come and that certain prophetic traditions regarding the ‘Day of the Lord’ were being fulfilled. This therefore led Mark to frame the mission statement as an imperative for early Christian believers to decide to commit themselves fully, through the act of baptism, to suffering discipleship and imminent death in the final moments before the return of Jesus
Early Sibling Play Interactions as a Source of Developmental Support for Toddlers: Observation of Young Children\u27s Developmental Support During Play with Toddler Siblings
The sibling relationship is a unique and important context for infant and early child development. Despite the important role of siblings and the unique aspects of the sibling relationship, sibling interactions are largely overlooked by scholars as a resource of potential developmental support. Identifying and fostering developmentally supportive interaction (DSI) behaviors in sibling relationships may expand available supports for children’s early development and may also support family well-being.
This study used a sample of 15 child-toddler sibling pairs to identify DSI behaviors in interactions between young children and their toddler-aged siblings, determine if and how well DSI behaviors could be observed, determine the similarities and differences between DSIs in child-toddler and caregiver-child interactions, and identify child factors that were associated with DSI behaviors. Caregivers completed a questionnaire online in Qualtrics, answering questions about their children and family, their children’s sibling relationship, and their children’s play skills. Caregivers then recorded and submitted 10-minute videos of their young children playing together, these videos were coded by research assistants who were trained to identify DSI behaviors using an established measure of caregiver-child interaction quality, the Parenting Interactions with Children: Checklist of Observations Linked to Outcomes (PICCOLO). Older siblings across the 15 sibling pairs were observed engaging in each DSI behavior and research assistants were able to reliably code videos for behaviors in the Affection, Responsiveness, and Encouragement domains. When compared to an adult comparison sample, DSI behaviors in young sibling interactions were less frequent, less complex, and lower quality than in adult-child interactions. Younger brothers received more encouragement support from older siblings than younger sisters. Older children who were older siblings provided more developmental support than younger children who were older siblings. Older siblings interacted with more warmth when the age gap was larger than when it was smaller. Older siblings reported by their caregivers to have higher levels of empathy/concern engaged in fewer DSI behaviors and older siblings reported by their caregivers to have higher levels of conflict/aggression engaged in more DSI behaviors. These results may provide guidance for supporting developmentally supportive sibling interactions at home and in intervention
Towards a sociology of conspiracy theories: An investigation into conspiratorial thinking on Dönmes
This thesis investigates the social and political significance of conspiracy theories, which has been an academically neglected topic despite its historical relevance. The academic literature focuses on the methodology, social significance and political impacts of these theories in a secluded manner and lacks empirical analyses. In response, this research provides a comprehensive theoretical framework for conspiracy theories by considering their methodology, political impacts and social significance in the light of empirical data. Theoretically, the thesis uses Adorno's semi-erudition theory along with Girardian approach. It proposes that conspiracy theories are methodologically semi-erudite narratives, i.e. they are biased in favour of a belief and use reason only to prove it. It suggests that conspiracy theories appear in times of power vacuum and provide semi-erudite cognitive maps that relieve alienation and ontological insecurities of people and groups. In so doing, they enforce social control over their audience due to their essentialist, closed-to-interpretation narratives. In order to verify the theory, the study analyses empirically the social and political significance of conspiracy theories about the Dönme community in Turkey. The analysis comprises interviews with conspiracy theorists, conspiracy theory readers and political parties, alongside a frame analysis of the popular conspiracy theory books on Dönmes. These confirm the theoretical framework by showing that the conspiracy theories are fed by the ontological insecurities of Turkish society. Hence, conspiracy theorists, most readers and some political parties respond to their own ontological insecurities and political frustrations through scapegoating Dönmes. Consequently, this work shows that conspiracy theories are important symptoms of society, which, while relieving ontological insecurities, do not provide politically prolific narratives
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Co-design As Healing: Exploring The Experiences Of Participants Facing Mental Health Problems
This thesis is an exploration of the healing role of co-design in mental health. Although co-design projects conducted within mental health settings are rising, existing literature tends to focus on the object of design and its outcomes while the experiences of participants per se remain largely unexplored. The guiding research question of this study is not how we design things that improve mental health, but how co-designing, as an act, might do so.
The thesis presents two projects that were organized in collaboration with the mental health charity Islington Mind and the Psychosis Therapy Project (PTP) in London.
The project at Islington Mind used a structured design process inviting participants to design for wellbeing. A case study analysis provides insights on how participants were impacted, summarizing key challenges and opportunities.
The design at PTP worked towards creating a collective brief in an emergent fashion, finally culminating in a board game. The experiences of participants were explored through Interpretative Phenomenological Analysis (IPA), using semi-structured interview data. The analysis served to identify key themes characterising the experience of co-design such as contributing, connecting, thinking and intentioning. In addition, a mixed-methods analysis of questionnaires and interview data exploring participants' wellbeing, showed that all participants who engaged fairly consistently in the project improved after the project ended, although some participants' scores returned to baseline six months later.
Reflecting on both projects, an approach to facilitation within mental health is outlined, detailing how the dimensions of weaving and layered participation, nurturing mattering and facilitating attitudes interlace. This contribution raises awareness of tacit dimensions in the practice of facilitation, articulating the nuances of how to encourage and sustain meaningful and ethical engagement and offering insights into a range of tools. It highlights the importance of remaining reflexive in relation to attitudes and emotions and discusses practical methodological and ethical challenges and ways to resolve them which can be of benefit to researchers embarking on a similar journey.
The thesis also offers detailed insights on how methodologies from different fields were integrated into a whole, arguing for transparency and reflexivity about epistemological assumptions, and how underlying paradigms shift in an interdisciplinary context.
Based on the overall findings, the thesis makes a case for considering design as healing (or a designerly way of healing), highlighting implications at a systems, social and individual level. It makes an original contribution to our understanding of design, highlighting its healing character, and proposes a new way to support mental health. The participants in this study not only had increased their own wellbeing through co-designing, but were also empowered and contributed towards healing the world. Hence, the thesis argues for a unique, holistic perspective of design and mental health, recognizing the interconnectedness of the individual, social and systemic dimensions of the healing processes that are ignited
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