A Model of Exchange-Rate-Based Stabilization for Turkey

The literature on the exchange-rate-based stabilization has focused almost exclusively in Latin America. Many other countries however, such as Egypt, Lebanon and Turkey; have undertaken this sort of programs in the last 10-15 years. I depart from the existing literature by developing a model specifically for the 2000-2001 heterodox exchange-rate-based stabilization program in Turkey: When the government lowers the rate of crawl, the rate of domestic credit creation is set equal to the lower rate of crawl, bond sales finance the fiscal deficit, and money growth occurs only through capital inflows. Without appealing to high intertemporal elasticity of substitution, the model does very well at replicating the magnitude of the current account deficit (5.5% of GDP predicted vs. 5% of GNP actual), the peak in total consumption spending (10.08% predicted vs. 9.6% actual), average growth rate in total consumption spending (6.7% predicted vs. 6% actual), the peak in durables spending (37.06% predicted vs. 39.5% actual), and the average growth rate in durables spending (24% predicted vs. 27.4% actual) observed in Turkey following the inception of the program.inflation, exchange-rate-based stabilization, durables

Detector Based Calibration of a Portable Imaging Spectrometer for CLARREO Pathfinder Mission

The Climate Absolute Refractivity and Reflectance Observatory (CLARREO) Pathfinder (CPF) mission is being developed to demonstrate SI-traceable retrievals of reflectance at unprecedented accuracies for global satellite observations. An Independent Calibration of the CPF sensor using the Goddard Laser for Absolute Measurement of Radiance (GLAMR) is planned to allow validation of CPF accuracies. GLAMR is a detector-based calibration system relies on a set of NIST-calibrated transfer radiometers to assess the spectral radiance from the GLAMR sphere source to better than 0.3 % (k=2). The current work describes the calibration of the Solar, Lunar Absolute Reflectance Imaging Spectroradiometer (SOLARIS) that was originally developed as a calibration demonstration system for the CLARREO mission and is now being used to assess the independent calibration being developed for CPF. The methodology for the radiometric calibration of SOLARIS is presented as well as results from the GLAMR-based calibration of SOLARIS. The portability of SOLARIS makes it capable of collecting field measurements of earth scenes and direct solar and lunar irradiance similar to those expected during the on-orbit operation of the CPF sensor. Results of SOLARIS field measurements are presented. The use of SOLARIS in this effort also allows the testing protocols for GLAMR to be improved and the field measurements by SOLARIS build confidence in the error budget for GLAMR calibrations. Results are compared to accepted solar irradiance models to demonstrate accuracy values giving confidence in the error budget for the CLARREO reflectance retrieval

Mobility Study for Named Data Networking in Wireless Access Networks

Information centric networking (ICN) proposes to redesign the Internet by replacing its host-centric design with information-centric design. Communication among entities is established at the naming level, with the receiver side (referred to as the Consumer) acting as the driving force behind content delivery, by interacting with the network through Interest message transmissions. One of the proposed advantages for ICN is its support for mobility, by de-coupling applications from transport semantics. However, so far, little research has been conducted to understand the interaction between ICN and mobility of consuming and producing applications, in protocols purely based on information-centric principles, particularly in the case of NDN. In this paper, we present our findings on the mobility-based performance of Named Data Networking (NDN) in wireless access networks. Through simulations, we show that the current NDN architecture is not efficient in handling mobility and architectural enhancements needs to be done to fully support mobility of Consumers and Producers.Comment: to appear in IEEE ICC 201

Service quality assurance for the IPTV networks

The objective of the proposed research is to design and evaluate end-to-end solutions to support the Quality of Experience (QoE) for the Internet Protocol Television (IPTV) service. IPTV is a system that integrates voice, video, and data delivery into a single Internet Protocol (IP) framework to enable interactive broadcasting services at the subscribers. It promises significant advantages for both service providers and subscribers. For instance, unlike conventional broadcasting systems, IPTV broadcasts will not be restricted by the limited number of channels in the broadcast/radio spectrum. Furthermore, IPTV will provide its subscribers with the opportunity to access and interact with a wide variety of high-quality on-demand video content over the Internet. However, these advantages come at the expense of stricter quality of service (QoS) requirements than traditional Internet applications. Since IPTV is considered as a real-time broadcast service over the Internet, the success of the IPTV service depends on the QoE perceived by the end-users. The characteristics of the video traffic as well as the high-quality requirements of the IPTV broadcast impose strict requirements on transmission delay. IPTV framework has to provide mechanisms to satisfy the stringent delay, jitter, and packet loss requirements of the IPTV service over lossy transmission channels with varying characteristics. The proposed research focuses on error recovery and channel change latency problems in IPTV networks. Our specific aim is to develop a content delivery framework that integrates content features, IPTV application requirements, and network characteristics in such a way that the network resource utilization can be optimized for the given constraints on the user perceived service quality. To achieve the desired QoE levels, the proposed research focuses on the design of resource optimal server-based and peer-assisted delivery techniques. First, by analyzing the tradeoffs on the use of proactive and reactive repair techniques, a solution that optimizes the error recovery overhead is proposed. Further analysis on the proposed solution is performed by also focusing on the use of multicast error recovery techniques. By investigating the tradeoffs on the use of network-assisted and client-based channel change solutions, distributed content delivery frameworks are proposed to optimize the error recovery performance. Next, bandwidth and latency tradeoffs associated with the use of concurrent delivery streams to support the IPTV channel change are analyzed, and the results are used to develop a resource-optimal channel change framework that greatly improves the latency performance in the network. For both problems studied in this research, scalability concerns for the IPTV service are addressed by properly integrating peer-based delivery techniques into server-based solutions.Ph.D

Our Temptation for Benjamins: Can framing spending habits allow us to overcome present bias?

This study will investigate whether people prefer spending their cash on hand for instantaneous benefits, or delay consumption for future returns, and the impact of their mood on their spending habits. Past studies find that one’s state of happiness immensely contributes to his or her willingness to spend money; happier, satisfied individuals tend to spend a lot less than dissatisfied ones. However, few studies focus on the impact of loss aversion on people’s time preferences towards money. The goal of this paper is to measure not only the impact of happiness as the same mood-congruent effect on time preferences but also that of loss aversion using lotteries that are announced in different time periods. Our statistical analysis goes in parallel with the literature on mood change and delaying consumption: those with higher degree of happiness appears to opt for the lottery that is higher compensated and announced in later time period, after accounting for demographic information