Long-Run Purchasing Power Parity with Asymmetric Adjustment: Evidence from Mainland China and Taiwan

This study applies threshold cointegration test advanced by Enders and Siklos (2001) to investigate the properties of asymmetric adjustment in long-run purchasing power parity (PPP) for both Mainland China and Taiwan during the January 1986 to October 2009 period. Although there is evidence of long-run PPP for both Mainland China and Taiwan, the adjustment mechanism is asymmetric. These results have important policy implications for both Mainland China and Taiwan under study.threshold cointegration test; Purchasing Power Parity; asymmetric adjustment; Mainland China; Taiwan

Probing the physics of newly born magnetars through observation of superluminous supernovae

The central engines of some superluminous supernovae (SLSNe) are generally suggested to be newly born fast rotating magnetars, which spin down mainly through magnetic dipole radiation and gravitational wave emission. We calculate the magnetar-powered SLSNe light curves (LCs) with the tilt angle evolution of newly born magnetars involved. We show that, depending on the internal toroidal magnetic fields ${\bar B}_{\rm t}$, the initial spin periods $P_{\rm i}$, and the radii $R_{\rm DU}$ of direct Urca (DU) cores of newly born magnetars, as well as the critical temperature $T_{\rm c}$ for $^3P_2$ neutron superfluidity, bumps could appear in the SLSNe LCs after the maximum lights when the tilt angles grow to $\pi/2$. The value of $T_{\rm c}$ determines the arising time and the relative amplitude of a bump. The quantity $R_{\rm DU}$ can affect the arising time and the luminosity of a bump, as well as the peak luminosity of a LC. Moreover, it is interesting that a stronger ${\bar B}_{\rm t}$ will lead to both a brighter peak and a brighter bump in a LC. While keeping other quantities unchanged, the bump in the LC disappears for the magnetar with smaller $P_{\rm i}$. We suggest that, once the SLSNe LCs with such kinds of bumps are observed, by fitting these LCs with our model, not only $B_{\rm d}$ and $P_{\rm i}$ of newly born magnetars but also the crucial physical quantities ${\bar B}_{\rm t}$, $R_{\rm DU}$, and $T_{\rm c}$ could be determined. Nonobservation of SLSNe LCs with such kinds of bumps hitherto may already put some (\textit{though very rough}) constraints on ${\bar B}_{\rm t}$, $P_{\rm i}$, $R_{\rm DU}$, and $T_{\rm c}$. Therefore, observation of SLSNe LCs may provide a new approach to probe the physics of newly born magnetars.Comment: 9 pages, 4 figures, to appear in PR

Manipulating dc currents with bilayer bulk natural materials

The principle of transformation optics has been applied to various wave phenomena (e.g., optics, electromagnetics, acoustics and thermodynamics). Recently, metamaterial devices manipulating dc currents have received increasing attention which usually adopted the analogue of transformation optics using complicated resistor networks to mimic the inhomogeneous and anisotropic conductivities. We propose a distinct and general principle of manipulating dc currents by directly solving electric conduction equations, which only needs to utilize two layers of bulk natural materials. We experimentally demonstrate dc bilayer cloak and fan-shaped concentrator, derived from the generalized account for cloaking sensor. The proposed schemes have been validated as exact devices and this opens a facile way towards complete spatial control of dc currents. The proposed schemes may have vast potentials in various applications not only in dc, but also in other fields of manipulating magnetic field, thermal heat, elastic mechanics, and matter waves