The October 1979 Change in the Monetary Regime: Its Impact on the "Forecastability" of Interest Rates

Subsequent to the October 1979 shift in monetary policy in the United States, interest rates in North America not only reached unprecedented levels,but also exhibited unprecedented volatility. This paper shows that the anticipated quarterly changes in long-term rates associated with the rational expectations model have remained small during this post-shift period. Recorded forecasts of long-term interest rates in Canada continue to prove inferior to the no-change prediction of the martingale model. The "perverse" relationship between the slope of the yield curve and the subsequent movementin long-term rates exists in the Canadian data, but is of only modest value in a forecasting context. The excess return on long-term bonds implicit in the recorded forecasts of the level of interest rates varies sharply, yet there is no evidence that forecasters have identified a predictable component of a time-varying term premium.

A Woman\u27s World: Sarah Orne Jewett\u27s Regionalist Alternative

Although many scholars of American literature overlook Regionalist fiction as a limited field, Sarah Orne Jewett uses her short story “A White Heron” to transcend the boundaries of her genre and the limits of her gender. The story tells of a young girl, Sylvia, who protects a heron from a handsome male hunter despite sacrificing financial gain and possible romance. This essay inspects the text of “A White Heron,” considering the symbolism of nature a female character. Jewett herself viewed sexuality as fluid, and even proposed making lead couples homosexual in service of the narrative. In this view, the character Sylvia’s communion with nature resembles the interplay of lovers, so her choice to protect the heron becomes a social choice to reject heteronormative behaviors and embrace an alternative space dominated by women. Using phallic imagery, classic symbols such as the sun, moon, and firearms, and the unique perspective of a young girl, Jewett champions the genre of regionalism and the right of women to live lifestyles outside the norm

Quantifying the Effects of Cementation on the Hydromechanical Properties of Granular Porous Media Using Discrete Element and Poroelastic Models

Cementation is known to significantly influence the mechanical and hydrologic properties of granular porous media by increasing the stiffness of the elastic response to stress and reducing permeability. The relationship between the changes in cementation and changes in permeability are well documented in literature. However, limited quantitative data exists on the relationship between changes in the amount of cementation and changes in the mechanical response of granular media. The goal of this research is to quantify the effects of cementation on the mechanical properties of granular porous media at the meso-scale and investigate the influence of the competing roles of mechanical and hydrologic properties on fluid flow and deformation at the macro-scale. To accomplish this goal, we developed a multiple scale approach that utilizes the parameterization control of meso-scale Discrete Element Method (DEM) models and the ability to couple fluid flow and solid deformation physics with macro-scale poro-elasticity models. At the meso-scale, a series of DEM models are designed to simulate biaxial tests of variably cemented sandstone in order to investigate the effects of cementation on the elastic and inelastic response of the porous media. The amount of cementation in the DEM model is quantified using a bond to grain ratio (BGR). The BGR is the number of bonds (the bonds represent the cement) divided by the number of grains in each model. The BGRs of the DEM models correlate to BGRs of natural samples and allow constraint of the percent cementation in the DEM models. A decrease in BGR from 2.25 to 1.00 results in a two fold decrease in shear modulus. The resulting shear moduli from the DEM models are used as input properties into two dimensional, axial symmetric poroelastic models of an isotropic confined aquifer. The poroelastic models address the implications of changes in mechanical properties and hydrologic properties on large scale fluid removal and deformation as well as address the importance of the competing roles of hydrologic and mechanical properties

Flux Qubits and Readout Device with Two Independent Flux Lines

We report measurements on two superconducting flux qubits coupled to a readout Superconducting QUantum Interference Device (SQUID). Two on-chip flux bias lines allow independent flux control of any two of the three elements, as illustrated by a two-dimensional qubit flux map. The application of microwaves yields a frequency-flux dispersion curve for 1- and 2-photon driving of the single-qubit excited state, and coherent manipulation of the single-qubit state results in Rabi oscillations and Ramsey fringes. This architecture should be scalable to many qubits and SQUIDs on a single chip.Comment: 5 pages, 4 figures, higher quality figures available upon request. Submitted to PR

Nanoscale amphiphilic macromolecules as lipoprotein inhibitors: the role of charge and architecture

A series of novel amphiphilic macromolecules composed of alkyl chains as the hydrophobic block and poly(ethylene glycol) as the hydrophilic block were designed to inhibit highly oxidized low density lipoprotein (hoxLDL) uptake by synthesizing macromolecules with negatively charged moieties (ie, carboxylic acids) located in the two different blocks. The macromolecules have molecular weights around 5,500 g/mol, form micelles in aqueous solution with an average size of 20–35 nm, and display critical micelle concentration values as low as 10−7 M. Their charge densities and hydrodynamic size in physiological buffer solutions correlated with the hydrophobic/hydrophilic block location and quantity of the carboxylate groups. Generally, carboxylate groups located in the hydrophobic block destabilize micelle formation more than carboxylate groups in the hydrophilic block. Although all amphiphilic macromolecules inhibited unregulated uptake of hoxLDL by macrophages, inhibition efficiency was influenced by the quantity and location of the negatively charged-carboxylate on the macromolecules. Notably, negative charge is not the sole factor in reducing hoxLDL uptake. The combination of smaller size, micellar stability and charge density is critical for inhibiting hoxLDL uptake by macrophages

STM Imaging of Flux Line Arrangements in the Peak Effect Regime

We present the results of a study of vortex arrangements in the peak-effect regime of 2H-NbSe_2 by scanning tunneling microscopy. By slowly increasing the temperature in a constant magnetic field, we observed a sharp transition from collective vortex motion to positional fluctuations of individual vortices at the temperature which coincides with the onset of the peak effect in ac-susceptibility. We conclude that the peak effect is a disorder driven transition, with the pinning energy winning from the elastic energy.Comment: 4 pages, 4 figures included Manuscript has been submitte

Entangling flux qubits with a bipolar dynamic inductance

We propose a scheme to implement variable coupling between two flux qubits using the screening current response of a dc Superconducting QUantum Interference Device (SQUID). The coupling strength is adjusted by the current bias applied to the SQUID and can be varied continuously from positive to negative values, allowing cancellation of the direct mutual inductance between the qubits. We show that this variable coupling scheme permits efficient realization of universal quantum logic. The same SQUID can be used to determine the flux states of the qubits.Comment: 4 pages, 4 figure