Real Exchange Rates in the Long and Short Run: A Panel Co-Integration Approach

The empirical literature on long-run real exchange rate behavior has shown mixed evidence due to problems involving the lack of long time series data and the low power of time-series unit root tests in small samples. The main objective of the present paper is to tackle these empirical issues by applying the recently developed panel cointegration techniques to the long-run real exchange rate equation implied by our model. Using annual data for 67 countries over the 1966-97, we find that the cointegrating relationship between the real exchange rate, the ratio of net foreign assets to GDP, the relative Home to Foreign productivity of the traded and non-traded sector, and the terms of trade is valid in the long run. This result holds for all sub-sample of countries (whether they are classified by income per capita or capital controls). Furthermore, our coefficient estimates are consistent with the theoretical values implied by the calibrated parameters of preferences and technology in Stockman and Tesar (1995). Robustness checks reveal that: (i) “pooling” the data to obtain a common long-run equilibrium relationship across countries is valid for the samples of countries with high income and low capital controls, (ii) the oil shock crisis in 1973 represents a structural change for these sub-samples. Finally, deviations from the equilibrium are large and persistent with half-life estimates (between 2.8 and 5) consistent with the consensus interval of 2.5-5 found in the literature (Murray and Papell, 2002).

Geant4 based simulation of the Water Cherenkov Detectors of the LAGO Project

To characterize the signals registered by the different types of water Cherenkov detectors (WCD) used by the Latin American Giant Observatory (LAGO) Project, it is necessary to develop detailed simulations of the detector response to the flux of secondary particles at the detector level. These particles are originated during the interaction of cosmic rays with the atmosphere. In this context, the LAGO project aims to study the high energy component of gamma rays bursts (GRBs) and space weather phenomena by looking for the solar modulation of galactic cosmic rays (GCRs). Focus in this, a complete and complex chain of simulations is being developed that account for geomagnetic effects, atmospheric reaction and detector response at each LAGO site. In this work we shown the first steps of a GEANT4 based simulation for the LAGO WCD, with emphasis on the induced effects of the detector internal diffusive coating.Comment: 5 pages, 4 figures, Proceedings X SILAFAE Medellin-2014. To appear in Nuclear Physics B - Proceedings Supplement

Theory of one and two donors in Silicon

We provide here a roadmap for modeling silicon nano-devices with one or two group V donors (D). We discuss systems containing one or two electrons, that is, D^0, D^-, D_2^+ and D_2^0 centers. The impact of different levels of approximation is discussed. The most accurate instances -- for which we provide quantitative results -- are within multivalley effective mass including the central cell correction and a configuration interaction account of the electron-electron correlations. We also derive insightful, yet less accurate, analytical approximations and discuss their validity and limitations -- in particular, for a donor pair, we discuss the single orbital LCAO method, the Huckel approximation and the Hubbard model. Finally we discuss the connection between these results and recent experiments on few dopant devices.Comment: 13 pages, 6 figure

Quantum fields near phantom-energy `sudden' singularities

This paper is committed to calculations near a type of future singularity driven by phantom energy. At the singularities considered, the scale factor remains finite but its derivative diverges. The general behavior of barotropic phantom energy producing this singularity is calculated under the assumption that near the singularity such fluid is the dominant contributor. We use the semiclassical formula for renormalized stress tensors of conformally invariant fields in conformally flat spacetimes and analyze the softening/enhancing of the singularity due to quantum vacuum contributions. This dynamical analysis is then compared to results from thermodynamical considerations. In both cases, the vacuum states of quantized scalar and spinor fields strengthen the accelerating expansion near the singularity whereas the vacuum states of vector fields weaken it.Comment: 6 pages RevTe

Fourier Decomposition of RR Lyrae light curves and the SX Phe population in the central region of NGC 3201

CCD time-series observations of the central region of the globular cluster NGC~3201 were obtained with the aim of performing the Fourier decomposition of the light curves of the RR~Lyrae stars present in that field. This procedure gave the mean values, for the metallicity, of [Fe/H]$_{ZW}=-1.483 \pm 0.006$ (statistical) $\pm 0.090$ (systematical), and for the distance, $5.000 \pm 0.001$~kpc (statistical) $\pm 0.220$ (systematical). The values found from two RRc stars are consistent with those derived previously. The differential reddening of the cluster was investigated and individual reddenings for the RR Lyrae stars were estimated from their $V-I$ curves. We found an average value of $E(B-V)= 0.23 \pm 0.02$. An investigation of the light curves of stars in the {\it blue stragglers} region led to the discovery of three new SX~Phe stars. The period-luminosity relation of the SX~Phe stars was used for an independent determination of the distance to the cluster and of the individual reddenings. We found a distance of 5.0 kpcComment: To appear in Revista Mexicana de Astronom\'ia y Astrof\'isica, Octuber 2014 issue, Vol 50. 17 pages, 10 figure

Re-entrant ferromagnetism in a generic class of diluted magnetic semiconductors

Considering a general situation where a semiconductor is doped by magnetic impurities leading to a carrier-induced ferromagnetic exchange coupling between the impurity moments, we show theoretically the possible generic existence of three ferromagnetic transition temperatures, T_1 > T_2 > T_3, with two distinct ferromagnetic regimes existing for T_1 > T > T_2 and T < T_3. Such an intriguing re-entrant ferromagnetism, with a paramagnetic phase (T_2 > T > T_3) between two ferromagnetic phases, arises from a subtle competition between indirect exchange induced by thermally activated carriers in an otherwise empty conduction band versus the exchange coupling existing in the impurity band due to the bound carriers themselves. We comment on the possibility of observing such a re-entrance phenomenon in diluted magnetic semiconductors and magnetic oxides.Comment: 4 pages, 3 figure