Energy and system dependence of nuclear modification factors of inclusive charged particles and identified light hadrons measured in p--Pb, Xe--Xe and Pb--Pb collisions with ALICE

We report recent ALICE results on primary charged particle and neutral meson production in pp, p--Pb, Pb--Pb and Xe--Xe collisions at LHC energies. In this article, measurements of the nuclear modification factors $R_{\rm AA}$ of primary charged particles and of light neutral mesons in Pb--Pb, in Xe--Xe and in p--Pb collisions in a wide $p_{\rm T}$ range and different centrality classes are discussed. We compare the nuclear modification factors obtained for different collision systems as a function of transverse momentum, collision centrality as well as charged particle multiplicity (${\rm d}N_{\rm ch} / {\rm d}\eta$). We also present comparison of experimental results to model calculations.Comment: 4 pages, 6 figures, Proceedings of the XXVIIth International Conference on Ultrarelativistic Nucleus-Nucleus Collisions (Quark Matter 2018), 13-19 May 201

Asymmetric adjustment of the equilibrium relationship between the nominal interest rate and inflation rate

This paper investigates the equilibrium relationship between the nominal interest rate and inflation rate in Japan using a threshold cointegration test, which allows for asymmetric adjustment. While the Engle-Granger method assuming symmetric adjustment cannot obtain the result of cointegration, a threshold cointegration approach provides clear evidence of the cointegration relationship characterized by asymmetric adjustment toward equilibrium. This shows that the long-run equilibrium relationship between the nominal interest rate and inflation rate is stable with asymmetric adjustment.

The term structure of interest rates with nonlinear adjustment: Evidence from a unit root test in the nonlinear STAR framework

This paper investigates the term structure of interest rates in Japan using the unit root test in a nonlinear STAR framework. The results provide strong evidence against the unit root of the yield spread between long-term and short-term interest rates, compared with standard unit root tests assuming only linear adjustment. This finding shows that the term structure of interest rates is stable with nonlinear adjustment.