The Budget Deficit and Economic Performance: A Survey

The relationship between budget deficits and macroeconomic variables (such as growth, interest rates, trade deficit, exchange rate, among others) represents one of the most widely debated topics among economists and policy makers in both developed and developing countries. However, the purpose of this paper is to examine the extensive literature to such a relationship, concentrating on theoretical debates, empirical studies, and econometric models in order to derive substantive conclusions, which can be beneficial in terms of macroeconomics area or in terms of constructing or developing a macroeconomic model for analysing the impact of budget deficits on macroeconomic variables. The majority of these studies regress a macroeconomic variable on the deficit variable. These studies are cross-country and utilise time series data. In general the key outcomes from the studies presented in this paper indicated that both the method of financing and the components of government expenditures could have different effects. Therefore, it is crucial to distinguish between current and capital expenditure when evaluating the impact of fiscal policy on private investment and output growth. Even though, the overall results from the empirical literature with respect to the impact of public investment on private investment and growth are ambiguous, the bulk of the empirical studies finds a significantly negative effect of public consumption expenditure on growth, while the effects of public investment expenditure are found to be positive although less robust. The key outcome from all of the studies presented in this paper which investigating the relationship between the budget deficit and current account deficit showed strong evidence in both developed and developing countries towards supporting the Keynesian proposition (conventional view) which suggests that an increase in the budget deficit would induce domestic absorption and, hence import expansion, causing a current account deficit. Furthermore, it can also be concluded from the empirical findings that the effects of budget deficits on exchange rates depends on the way of funding the deficits, whether through taxation or through money growth. The key findings from the empirical studies investigating the relationship between the budget deficit and interest rates indicated strong evidence towards supporting the Keynesian model of a significant and positive relationship between budget deficits and interest rates. The major outcomes from the empirical studies examining the relationship between budget deficits and inflation showed strong evidence that the budget deficit financed through monetisation and a rising money supply could lead to inflation

Ranking Significant Discrepancies in Clinical Reports

Medical errors are a major public health concern and a leading cause of death worldwide. Many healthcare centers and hospitals use reporting systems where medical practitioners write a preliminary medical report and the report is later reviewed, revised, and finalized by a more experienced physician. The revisions range from stylistic to corrections of critical errors or misinterpretations of the case. Due to the large quantity of reports written daily, it is often difficult to manually and thoroughly review all the finalized reports to find such errors and learn from them. To address this challenge, we propose a novel ranking approach, consisting of textual and ontological overlaps between the preliminary and final versions of reports. The approach learns to rank the reports based on the degree of discrepancy between the versions. This allows medical practitioners to easily identify and learn from the reports in which their interpretation most substantially differed from that of the attending physician (who finalized the report). This is a crucial step towards uncovering potential errors and helping medical practitioners to learn from such errors, thus improving patient-care in the long run. We evaluate our model on a dataset of radiology reports and show that our approach outperforms both previously-proposed approaches and more recent language models by 4.5% to 15.4%.Comment: ECIR 2020 (short

To make a nanomechanical Schr\"{o}dinger-cat mew

By an explicite calculation of Michelson interferometric output intensities in the optomechanical scheme proposed by Marshall et al. (2003), an oscillatory factor is obtained that may go down to zero just at the time a visibility revival ought to be observed. Including a properly tuned phase shifter offers a simple amendment to the situation. By using a Pockels phase shifter with fast time-dependent modulation in one arm, one may obtain further possibilities to enrich the quantum state preparation and reconstruction abilities of the original scheme, thereby improving the chances to reliably detect genuine quantum behaviour of a nanomechanical oscillator.Comment: For Proc. DICE-2010 (Castiglioncello), to be published in J. Phys. Conf. Ser., 201

The performance of modified jatropha-based nanofluid during turning process

The industry's extensive use of petroleum-based metalworking fluid (MWF) harms the environment and humans. The production of bio-based MWF, especially from crude jatropha oil (CJO), has therefore taken numerous initiatives. This aimed to formulate newly modified jatropha oil (MJO) with the addition of 0.05wt.% hBN and 0.05wt.% MoS2 as the nanofluid for MWF. The performance of the nanofluids was determined through the turning process in terms of cutting temperature, workpiece surface roughness, tool life and tool wear of the tool lubricated by the nanofluids. The performance of the nanofluid samples was compared with the synthetic ester (SE). From the results, after conducted 100mm axial cutting length MJO+hBN+MoS2 recorded the lowest in cutting temperature and surface roughness compared to all samples. The result shows that MJO+hBN+MoS2 has longer tool life (6500mm) compared to SE (6000mm). Abrasion and adhesion were observed as the dominant tool wear mechanism. In conclusion, MJO+hBN+MoS2 shows better machining performance and has the potential to be an environmentally friendly metalworking fluid

Shoot Production and Metabolite Content of Waterleaf with Organic Fertilizer

Waterleaf shoot (Talinum triangulare (Jacq.) Willd) is consumed as vegetable that contains some metabolites. The purpose of this research was to investigate the effect of organic fertilizer on shoot production and its metabolites i.e. protein, vitamin C, flavonoid, and peroxidase enzyme (POD) activity at 10, 12, and 14 weeks after planting. This experiment was conducted at Leuwikopo Experimental Station, Bogor, Indonesia from November 2012-February 2013. The organic fertilizers applied were cow manure (CM) (12.3 ton ha-1), rock phosphate (RP) (1.5 ton ha-1), and rice-hull ash (RH) (5.5 ton ha-1). These organic fertilizers were combined into four treatments by using minus one test method and one control. Each treatment was repeated three times. The result showed that combination of organic fertilizer had the same effects on shoot production and metabolite content of waterleaf. It showed that the amount of organic fertilizers was not significantly sufficient to contribute nutrients to the plant

IR optical fiber-based noncontact pyrometer for drop tube instrumentation

The design of a two color pyrometer with infrared optical fiber bundles for collection of the infrared radiation is described. The pyrometer design is engineered to facilitate its use for measurement of the temperature of small, falling samples in a microgravity materials processing experiment using a 100 meter long drop tube. Because the samples are small and move rapidly through the field of view of the pyrometer, the optical power budget of the detection system is severly limited. Strategies for overcoming this limitation are discussed

Experimental Violation of Bell's Inequality in Spatial-Parity Space

We report the first experimental violation of Bell's inequality in the spatial domain using the Einstein--Podolsky--Rosen state. Two-photon states generated via optical spontaneous parametric downconversion are shown to be entangled in the parity of their one-dimensional transverse spatial profile. Superpositions of Bell states are prepared by manipulation of the optical pump's transverse spatial parity--a classical parameter. The Bell-operator measurements are made possible by devising simple optical arrangements that perform rotations in the one-dimensional spatial-parity space of each photon of an entangled pair and projective measurements onto a basis of even--odd functions. A Bell-operator value of 2.389 +- 0.016 is recorded, a violation of the inequality by more than 24 standard deviations.Comment: 10 pages, 3 figures, 1 Tabl

Quantum metamaterials: Electromagnetic waves in a Josephson qubit line

We consider the propagation of a classical electromagnetic wave through a transmission line, formed by identical superconducting charge qubits inside a superconducting resonator. Since the qubits can be in a coherent superposition of quantum states, we show that such a system demonstrates interesting new effects, such as a ``breathing'' photonic crystal with an oscillating bandgap, and a ``quantum Archimedean screw'' that transports, at an arbitrary controlled velocity, Josephson plasma waves through the transmission line. The key ingredient of these effects is that the optical properties of the Josephson transmission line are controlled by the quantum coherent state of the qubits.Comment: References adde