Negative volatility spillovers in the unrestricted ECCC-GARCH model

Copyright @ 2010 Cambridge University Press.This paper considers a formulation of the extended constant or time-varying conditional correlation GARCH model that allows for volatility feedback of either the positive or negative sign. In the previous literature, negative volatility spillovers were ruled out by the assumption that all the parameters of the model are nonnegative, which is a sufficient condition for ensuring the positive definiteness of the conditional covariance matrix. In order to allow for negative feedback, we show that the positive definiteness of the conditional covariance matrix can be guaranteed even if some of the parameters are negative. Thus, we extend the results of Nelson and Cao (1992) and Tsai and Chan (2008) to a multivariate setting. For the bivariate case of order one, we look into the consequences of adopting these less severe restrictions and find that the flexibility of the process is substantially increased. Our results are helpful for the model-builder, who can consider the unrestricted formulation as a tool for testing various economic theories

Multi-spectral and thermal scanner experiments along the Massachusetts coastline Final report

Aerial multispectral and infrared scanning of Massachusetts coastlin

SOAP Services with Clarens: Guide for Developers and Administrators

The Clarens application server enables secure, asynchronous SOAP services to run on a Grid cluster such as one of those of the TeraGrid. There is a Client, who wants to use the service and understands the application domain enough to form a reasonable service request; a Developer, who is a power-user of the TeraGrid, who understands both Clarens and the application domain, and creates and deploys a service on a TeraGrid head node; and there is a Root system administrator, who controls the Clarens installation and the cluster on which it runs. The purpose of this document is to provide all of the information a service developer needs to know in order to deploy a Clarens service, with information also provided for the system administrator of the Clarens installation. First we discuss how each of the three roles see the service

Noise from turbomachinery

A review is made of turbomachinery noise from turbofan engines as typified by fan noise. The mechanisms and theories of fan noise are reviewed and concepts for its reduction, including acoustic suppression are discussed. Correlations of the overall noise data from several full-scale fans tested at NASA-Lewis Research Center are presented as indicative of the current state-of-the-art. Estimates are presented to show economics versus reduced noise for two quieted experimental engines, one with subsonic and one with supersonic fan tip speed. Finally, some concepts that may have the potential to reduce fan noise are indicated