The behavior of real exchange rates: the case of Japan

The study examines the convergence rate of mean reversion by contrasting the estimated half-life of real exchange rate (RER). We employ an extensive monthly consumer price index (CPI)-based product price’s panel for Japan (the U.S. as the num´eraire). We find that the disaggregated RERs are persistent due to the cross-sectional dependence problems. By controlling common correlated effects, the estimated half-life for all goods may fall to as low as 2.54 years, below the consensus view of 3 to 5 years summarized by Rogoff (1996). After correcting the small-sample bias, the estimated half-life of deviations from purchasing power parity (PPP) increase by 1.03 year. Our findings also support that the half-life of mean reversion of RER is about 3.55 years for traded goods, about 0.11 year lower than non-traded goods. We also show that traded goods and non-traded goods perform distinct distributions of persistence

Drag reduction on non-ionic surfactants in aqueous systems

The use of polyoxyethylene alcohol non-ionic surfactants as drag reducing additives in aqueous systems was investigated. Significant drag reduction was obtained with suitable combinations of one percent Alfonic 1214 and salts at 30°C such that the surfactant was near or above its upper critical solubility temperature. Maximum drag reduction was observed at the cloud point. Relative viscosity values also peaked at this point. No upper critical shear stress was attained up to wall shear stresses of 2,000 dynes/cm2 with one percent Alfonic 1214 solutions at their cloud points. At a fixed temperature, the salt concentration required to reach the cloud point is sensitive to the nature of the anion, but is less sensitive to the nature of the cation. Some sensitivity to pH was also observed. The cloud point is not sensitive to the concentration of the surfactant at concentrations below one percent. At 0.5 percent Alfonic 1214, upper critical shear stresses were observed even with solutions at their cloud points. The mechanical degradation is only temporary, however, and drag reduction ability is regained when the shear stress is lowered --Abstract, page ii

Low-complexity face-assisted video coding

[[abstract]]This paper presents a novel face-assisted video coding scheme to enhance the visual quality of the face regions in video telephony applications. A skin-color based face detection and tracking scheme is proposed to locate the face regions in real-time. After classifying the macroblocks into the face and non-face regions, we present a dynamic distortion weighting adjustment (DDWA) scheme to drop the static non-face macroblocks, and the saved bits are used to compensate the face region by adjusting the distortion weighting of the face macroblocks. The quality of face regions will thus be enhanced. Moreover, the computation originally required for the skipped macroblocks can also be saved. The experimental results show that the proposed method can significantly improve the PSNR and the subjective quality of face regions, while the degradation introduced on the non-face areas is relatively insensitive to human perception. The proposed algorithm is fully compatible with the H.263 standard, and the low complexity feature makes it well suited to implement for real-time applications[[fileno]]2030144030041[[department]]電機工程學

Molecular Detection of Circulating Tumor Cells With Multiple mRNA Markers by Genechip for Colorectal Cancer Early Diagnosis and Prognosis Prediction

Early detection is the hallmark of successful cancer treatment. Evidence is accumulating that primary cancers begin shedding neoplastic cells into the circulation at an early stage. To date, many different methodologies have been used for the detection of circulating tumor cells (CTCs) with variable sensitivity and specificity. In many studies, including patients with different clinical stages of colorectal cancer, the detection of CTCs in early and/or metastatic colorectal cancer has been shown to correlate with unfavorable clinical outcome. However, a high-sensitivity and high-throughput method for the detection of CTCs is currently lacking. Here, we introduce a high-sensitivity genechip analysis method from a colorimetric membrane array to a weighted enzymatic chip array in order to detect the CTC-related multiple mRNA markers derived from colorectal cancer patients as a convenient and practical tool for early diagnosis and prognosis prediction