The Role of Money Supply Shocks in the Short-Run Demand for Money

Previous models of the demand for money are either inconsistent with contemporaneous adjustment of the price level to expected changes in the nominal money supply or imply implausible fluctuations in interest rates in response to unexpected changes in the nominal money supply. This paper proposes a shock-absorber model of money demand in which money supply shocks affect the synchronization of purchases and sales of assets and so engender a temporary desire to hold more or less money than would otherwise be the case. Expected changes in nominal money do not cause fluctuations in real money inventories. The model is simultaneously estimated for the United States, United Kingdom, Canada, France, Germany, Italy, Japan, and the Netherlands using the postwar quarterly data set and instruments used in the Mark III International Transmission Model. The shock-absorber variables significantly improve the estimated short-run money demand functions in every case.

UNCOMMON LAW:THE PRIVATIZATION OF DISPUTE RESOLUTION ACROSS THE POND

UNCOMMON LAW:THE PRIVATIZATION OF DISPUTE RESOLUTION ACROSS THE PON

Accuracy of Emergency Medical Services Dispatcher and Crew Diagnosis of Stroke in Clinical Practice.

BACKGROUND: Accurate recognition of stroke symptoms by Emergency Medical Services (EMS) is necessary for timely care of acute stroke patients. We assessed the accuracy of stroke diagnosis by EMS in clinical practice in a major US city. METHODS AND RESULTS: Philadelphia Fire Department data were merged with data from a single comprehensive stroke center to identify patients diagnosed with stroke or TIA from 9/2009 to 10/2012. Sensitivity and positive predictive value (PPV) were calculated. Multivariable logistic regression identified variables associated with correct EMS diagnosis. There were 709 total cases, with 400 having a discharge diagnosis of stroke or TIA. EMS crew sensitivity was 57.5% and PPV was 69.1%. EMS crew identified 80.2% of strokes with National Institutes of Health Stroke Scale (NIHSS) ≥5 and symptom durationmodel, correct EMS crew diagnosis was positively associated with NIHSS (NIHSS 5-9, OR 2.62, 95% CI 1.41-4.89; NIHSS ≥10, OR 4.56, 95% CI 2.29-9.09) and weakness (OR 2.28, 95% CI 1.35-3.85), and negatively associated with symptom duration \u3e270 min (OR 0.41, 95% CI 0.25-0.68). EMS dispatchers identified 90 stroke cases that the EMS crew missed. EMS dispatcher or crew identified stroke with sensitivity of 80% and PPV of 50.9%, and EMS dispatcher or crew identified 90.5% of patients with NIHSS ≥5 and symptom duration \u3c6 \u3eh. CONCLUSION: Prehospital diagnosis of stroke has limited sensitivity, resulting in a high proportion of missed stroke cases. Dispatchers identified many strokes that EMS crews did not. Incorporating EMS dispatcher impression into regional protocols may maximize the effectiveness of hospital destination selection and pre-notification

Prehospital critical care is associated with increased survival in adult trauma patients in Scotland

Background Scotland has three prehospital critical care teams (PHCCTs) providing enhanced care support to a usually paramedic-delivered ambulance service. The effect of the PHCCTs on patient survival following trauma in Scotland is not currently known nationally. Methods National registry-based retrospective cohort study using 2011-2016 data from the Scottish Trauma Audit Group. 30-day mortality was compared between groups after multivariate analysis to account for confounding variables. Results Our data set comprised 17 157 patients, with a mean age of 54.7 years and 8206 (57.5%) of male gender. 2877 patients in the registry were excluded due to incomplete data on their level of prehospital care, leaving an eligible group of 14 280. 13 504 injured adults who received care from ambulance clinicians (paramedics or technicians) were compared with 776 whose care included input from a PHCCT. The median Injury Severity Score (ISS) across all eligible patients was 9; 3076 patients (21.5%) met the ISS>15 criterion for major trauma. Patients in the PHCCT cohort were statistically significantly (all p < 0.01) more likely to be male; be transported to a prospective Major Trauma Centre; have suffered major trauma; have suffered a severe head injury; be transported by air and be intubated prior to arrival in hospital. Following multivariate analysis, the OR for 30-day mortality for patients seen by a PHCCT was 0.56 (95% CI 0.36 to 0.86, p=0.01). Conclusion Prehospital care provided by a physician-led critical care team was associated with an increased chance of survival at 30 days when compared with care provided by ambulance clinicians

Age, Growth and Natural Mortality of Blackfin Snapper Lutjanus buccanella from the Southeastern United States and U. S. Caribbean

We determined ages of Blackfin Snapper (Lutjanus buccanella Cuvier 1828; n = 622) collected from the southeastern United States coast and U.S. Caribbean from 1979–2015 using sectioned sagittal otoliths. Opaque zones were determined to be annular, forming March – July (peaking in April–June). Blackfin Snapper ranged from 1–27 years and from 180–609 mm total length (TL). Body size relationships for Blackfin Snapper were: TL = 1.09 FL + 0.81 (n = 203, r2 = 0.99); FL = 0.91 TL + 3.38 (n = 203, r2 = 0.99); TL = 1.23 SL + 14.27 (n = 83, r2 = 0.97); FL = 1.14 SL + 10.84 (n = 83, r2 = 0.99); W = 7.79 x 10—9 TL3.09 (n = 216); and W = 9.54 x 10—9 FL3.11 (n = 228). The von Bertalanffy growth equation was: Lt = 549 (1 — e—0.20 (t +1.51)) (n = 622). Point estimate of natural mortality was M = 0.16, while age—specific estimates of M ranged from 0.65–0.21/y for ages 1–27. This study presents the first findings of life history parameters for Blackfin Snapper from the Atlantic waters off the southeastern United States and U.S. Caribbean

Fine Scale Nest Site Selection of Greater Sage-Grouse In The Centennial Valley, Montana

The purpose of this study was to determine fine scale nest site selection of greater sage-grouse (Centrocercus urophasianus) in the Centennial Valley, MT. A total of ninety nests were found during 2014-2015 using radio-collared sage-grouse. Vegetation surveys were conducted at nests and random sites that measured the nest shrub and the cover available within 3m of the nest. Length of the branch over the nest (Lgth.LB), average axis width of the nest shrub (AvgAxis), lateral cover of the nest shrub (LCShrub), aerial cover of the nest shrub (ACShrub), and height of the lower branch over the nest (Ht.LB) were the habitat variables that received the most support. All habitat variables that were included in the top model were nest shrub morphological characteristics and cover provided by the nest shrub. Therefore, there is strong support that sage-grouse in the Centennial Valley are selecting nest sites based on the morphology of the nest shrub and the cover provided by that nest shrub. None of the habitat variables associated with herbaceous cover received much support for inclusion in our models. On average, residual cover (i.e. grass from previous year) provided concealment for only 4% of the nest bowl. The relative probability of a shrub being selected for a nest site is maximized when Lgth.LB &gt;75cm long, AvgAxis &gt;130cm wide, LCShrub &gt;80%, and ACShrub &gt; 70%. Managers should focus on conserving mountain big sagebrush (Artemisia tridentata ssp. vaseyana) and three-tip sagebrush (Artemisia tripartita) habitats because they were more likely to meet those shrub characteristics