13,644 research outputs found
The effect of ultraviolet radiation on the intensity of luminescence
Effect of ultraviolet radiation on intensity of luminescenc
Infrared Spectral Emittance of Rocks from the Pisgah Crater and Mono Craters Areas, California
Infrared spectral emittance of natural rock surface from Pisgah Crater and Mono Craters area in Californi
Monetary Policies in Interdependent Economies: An Open Economy Explanation for Base Drift and Price-Level Non-Trend-Stationarities
Most nations have experienced \u27base drift\u27 of their money stocks and associated price-level non-trend-stationarities. Recent explanations for this fact have emphasized tensions among various possible objectives of central banks in closed-economy or small-open-economy frameworks. In contrast, this paper explores structural and policy interdependence among economies as an explanation for price-level non-trend-stationarities. It demonstrates that such interdependence can induce central banks to follow non-trend-stationary policies even if they desire only to smooth prices in their home economies
(WP 2007-01) Openness, Income-Tax Progressivity, and Inflation
This paper considers a model of an open economy in which the degree of income-tax progressivity influences the interaction among openness, central bank independence, and the inflation rate. Our model suggests that an increase in the progressivity of the tax system induces a smaller response in real output to a change in the price level. This implies that increased income-tax progressivity reduces the equilibrium inflation rate and that the effect of increased income-tax progressivity on inflation is smaller when the central bank places a higher weight on inflation or when there is greater openness. Examination of cross-country inflation data provides empirical support for these key predictions
Gloria decoded: an application of Robert Langsā communicative approach to psychotherapy
The aim of this research was to explore the theories espoused by psychoanalyst Robert Langs
pertaining to frame violations of the therapeutic framework. Langs proposes that frame
violations activate negative responses in the patient which become encoded in the patientās
narrative. This theory was investigated through analysing transcripts from three filmed
psychotherapy sessions with three therapists and one female patient. Luborskyās quantitative
Core Conflictual Relationship Theme method was utilised to extract themes from the
patientās manifest narrative in the sessions. The aim was to demonstrate similarities between
the patientās responses towards other people and towards the therapist. A qualitative approach
was also utilised to analyse the unconscious encoded narrative in the sessions. It was
discovered that both approaches revealed that there was evidence that the patient responded
towards the therapist in the same way in which she responded to other people. It could be
demonstrated that there was considerable evidence to suggest that the patientās narrative
about other people had been activated by the therapistsā frame violations and the deviant
frame setting. The conclusion was that the results supported Langsā theory but posed a
challenge to Freudās theory on transference
Currency Substitution, Seigniorage, and Currency Crises in Interdependent Economies
This paper applies a two-country framework that allows for currency substitution in an environment in which policymakers optimally vary interest rates in light of utility-based objectives, one country pegs the value of its currency to the other nationās currency, and government revenue is generated via explicit taxes and seigniorage. The analysis illustrates the roles that currency substitution, currency preferences, and efficiency of tax systems play in contributing to the likelihood of a ārunā on one nationās currency. We explore how these factors interact to influence the probability of a currency crisis in the country that fixes its exchange rate
(WP 2009-02) Exchange-Rate Pass Through, Openness, and the Sacrifice Ratio
Considerable recent work has reached mixed conclusions about whether and how globalization affects the inflationāoutput tradeāoff and suggests that the ultimate effect of openness on the outputāinflation relationship is influenced by a variety of factors. In this paper, we consider the impact of exchangeārate pass through and how pass through conditions the effect of openness on the sacrifice ratio. We develop a simple theoretical model showing how both the extent of pass through and openness can interact to influence the outputāinflation relationship. Next we empirically explore the nature of these two variables and their interaction. Results indicate that greater pass through increases the sacrifice ratio, that there is significant interaction among pass through and openness, andāonce the extent of pass through is taken into account alongside other factors that affect the sacrifice ratio, such as central bank independenceāopenness exerts an empirically ambiguous effect on the sacrifice ratio
(WP 2007-03) Trade Openness, Capital Mobility, and the Sacrifice Ratio
This paper develops and evaluates empirically the implications of a theoretical model of an open economy in which variations in both trade openness and capital mobility can influence the sacrifice ratio. Key predictions forthcoming from the model are that both forms of globalization can independently affect the capital ratio, once the influences of the level of central bank independence and the degree of wage stickiness in nationsā economies are taken into account. Examination of cross-country data encompassing 58 disinflations for 16 countries yields evidence consistent with these essential predictions of the theoretical framework
Large seals fabricated from small segments reduce procurement lead time
Large diameter seals are fabricated from narrow strip stock welded in segments to form a complete ring. This technique could be used to reduce the cost of critical, large diameter seals in the heating and ventilating industry, petrochemical industry, and marine fabrication industry
(WP 2010-05) Exchange-Rate Pass Through, Openness, and the Sacrifice Ratio
Considerable recent work has reached mixed conclusions about whether and how globalization affects the inflation-output trade-off and suggests that the ultimate effect of openness on the output-inflation relationship is influenced by a variety of factors. In this paper, we consider the impact of exchange-rate pass through and how pass through conditions the effect of openness on the sacrifice ratio. We develop a simple theoretical model showing how both the extent of pass through and openness can interact to influence the output-inflation relationship. Next we empirically explore the nature of these two variables and their interaction. Results indicate that greater pass through increases the sacrifice ratio, that there is significant interaction among pass through and openness, andāonce the extent of pass through is taken into account alongside other factors that affect the sacrifice ratio, such as central bank independenceāopenness exerts an empirically ambiguous effect on the sacrifice ratio
- ā¦