Tolkien and Alterity (2017) ed. by Christopher Vaccaro and Yvette Kisor

Book review by Gergely Nagy of Tolkien and Alterity (2017), edited by Christopher Vaccaro and Yvette Kiso

Tolkien in the New Century: Essays in Honor of Tom Shippey (2014), edited by John Wm. Houghton, Janet Brennan Croft, Nancy Martsch, John D. Rateliff, and Robin Anne Reid

Book review by Gergely Nagy of Tolkien in the New Century: Essays in Honor of Tom Shippey (2014), edited by John Wm. Houghton, Janet Brennan Croft, Nancy Martsch, John D. Rateliff, Robin Anne Rei

Refactoring Erlang programs with regards to energy efficiency

Korábbi eredmények alapján olyan refaktorálásokat implementáltam, melyekkel csökkenthető Erlang programok energiafogyasztása. A refaktorálások módja, többek között, magasabbrendű függvények eliminálása és rekurzív függvények által használt adatszerkezetek transzformációja. Ezek a refaktorálások a RefactorErl eszköz segítségével kerültek megvalósításra

Tolkien and Alterity (2017) ed. by Christopher Vaccaro and Yvette Kisor

Book review by Gergely Nagy of Tolkien and Alterity (2017), edited by Christopher Vaccaro and Yvette Kiso

Credit Growth in Central and Eastern Europe: Convergence or Boom?

Credit to the private sector has been growing very rapidly in a number of Central and Eastern European countries in recent years. The main question is whether this dynamics is an equilibrium convergence process or may rather pose stability risks. Using panel econometric techniques, this paper attempts to identify the equilibrium credit/GDP levels of the new EU countries, disentangling the observed growth into an equilibrium trend and an excess (boom) component. In the paper the pooled mean group estimator was used for its flexibility and efficiency. Using instrumental variable technique we tested whether long run endogeneity affects the consistency. The estimations show that large part of the credit growth in new member states can be explained by the catching-up process, and, in general, credit/GDP ratios are below the levels consistent with macroeconomic fundamentals. However, in Latvia and Estonia credit growth is found to be significantly faster than what would be justified along the equilibrium path.financial deepening, credit growth, transition economies, panel econometrics, endogeneity bias.