Fiscal Shocks and Fiscal Risk Management

We use the returns on a set of international financial securities to identify exogenous shocks to the Canadian federal surplus. We find that a large portion of the variation in the surplus can be replicated by a linear combination of these returns and that the rising debt observed in the 1980s and 1990s was a result of adverse exogenous shocks and a delayed response by the government to these shocks. We develop a formal framework to evaluate the potential gains from a fiscal risk management strategy, using these securities to hedge against exogenous shocks. We show that fiscal risk management can generate significant welfare gains by enhancing the sustainability of fiscal policy and thereby lowering average tax rates.Fiscal policy, sustainability, asset pricing, risk management.

Efficient AoA-based wireless indoor localization for hospital outpatients using mobile devices

The motivation of this work is to help outpatients find their corresponding departments or clinics, thus, it needs to provide indoor positioning services with a room-level accuracy. Unlike wireless outdoor localization that is dominated by the global positioning system (GPS), wireless indoor localization is still an open issue. Many different schemes are being developed to meet the increasing demand for indoor localization services. In this paper, we investigated the AoA-based wireless indoor localization for outpatients’ wayfinding in a hospital, where Wi-Fi access points (APs) are deployed, in line, on the ceiling. The target position can be determined by a mobile device, like a smartphone, through an efficient geometric calculation with two known APs coordinates and the angles of the incident radios. All possible positions in which the target may appear have been comprehensively investigated, and the corresponding solutions were proven to be the same. Experimental results show that localization error was less than 2.5 m, about 80% of the time, which can satisfy the outpatients’ requirements for wayfinding

Optimal phase space projection for noise reduction

In this communication we will re-examine the widely studied technique of phase space projection. By imposing a time domain constraint (TDC) on the residual noise, we deduce a more general version of the optimal projector, which includes those appearing in previous literature as subcases but does not assume the independence between the clean signal and the noise. As an application, we will apply this technique for noise reduction. Numerical results show that our algorithm has succeeded in augmenting the signal-to-noise ratio (SNR) for simulated data from the R\"ossler system and experimental speech record.Comment: Accepted version for PR

Dispersive response of atoms trapped near the surface of an optical nanofiber with applications to quantum nondemolition measurement and spin squeezing

We study the strong coupling between photons and atoms that can be achieved in an optical nanofiber geometry when the interaction is dispersive. While the Purcell enhancement factor for spontaneous emission into the guided mode does not reach the strong-coupling regime for individual atoms, one can obtain high cooperativity for ensembles of a few thousand atoms due to the tight confinement of the guided modes and constructive interference over the entire chain of trapped atoms. We calculate the dyadic Green's function, which determines the scattering of light by atoms in the presence of the fiber, and thus the phase shift and polarization rotation induced on the guided light by the trapped atoms. The Green's function is related to a full Heisenberg-Langevin treatment of the dispersive response of the quantized field to tensor polarizable atoms. We apply our formalism to quantum nondemolition (QND) measurement of the atoms via polarimetry. We study shot-noise-limited detection of atom number for atoms in a completely mixed spin state and the squeezing of projection noise for atoms in clock states. Compared with squeezing of atomic ensembles in free space, we capitalize on unique features that arise in the nanofiber geometry including anisotropy of both the intensity and polarization of the guided modes. We use a first principles stochastic master equation to model the squeezing as function of time in the presence of decoherence due to optical pumping. We find a peak metrological squeezing of ~5 dB is achievable with current technology for ~2500 atoms trapped 180 nm from the surface of a nanofiber with radius a=225 nm.Comment: To be appeared on PR

Observation of Exciton-Phonon Sideband in Individual Metallic Single-Walled Carbon Nanotubes

Single-walled carbon nanotubes (SWCNTs) are quasi-one-dimensional systems with poor Coulomb screening and enhanced electron-phonon interaction, and are good candidates for excitons and exciton-phonon couplings in metallic state. Here we report back scattering reflection experiments on individual metallic SWCNTs. An exciton-phonon sideband separated by 0.19 eV from the first optical transition peak is observed in a metallic SWCNT of chiral index (13,10), which provides clear evidences of excitons in metallic SWCNTs. A static dielectric constant of 10 is estimated from the reflectance spectrum.Comment: 5 pages, 3 figures; typos corrected, references updated, text re-arrange

Mathematical modeling of ultra wideband in vivo radio channel

This paper proposes a novel mathematical model for an in vivo radio channel at ultra-wideband frequencies (3.1–10.6 GHz), which can be used as a reference model for in vivo channel response without performing intensive experiments or simulations. The statistics of error prediction between experimental and proposed model is RMSE = 5.29, which show the high accuracy of the proposed model. Also, the proposed model was applied to the blind data, and the statistics of error prediction is RMSE = 7.76, which also shows a reasonable accuracy of the model. This model will save the time and cost on simulations and experiments, and will help in designing an accurate link budget calculation for a future enhanced system for ultra-wideband body-centric wireless systems

Frequency reconfigurable patch antenna for 4G LTE applications

A compact printed multi-band frequency reconfigurable patch antenna for 4G LTE applications is presented in this paper (50 x 60 x 1.6 mm3). The antenna consists of W-shaped and Inverted-U shaped patch lines connected in a Tree-shape on the front side of the antenna. The back-side of the antenna contains a 90°-tilted T-shaped strip connected with an Inverted-L shaped strip which is shorted with a patch on the front side for increasing the electrical length to cover lower frequency bands. Frequency reconfigurability is achieved by inserting three switches i.e., PIN diodes. The most critical part of this work is the designing of RLC-based DC line circuits for providing the DC biasing to the PIN diodes used as switches and inserting them at optimum locations. This antenna is reconfigurable among eight different 4G LTE frequency bands including 0.9 GHz, 1.4 GHz, 1.5 GHz, 1.6 GHz, 1.7 GHz, 1.8 GHz, 2.6 GHz, 3.5 GHz and WLAN band 2.5 GHz. The antenna exhibits different radiation patterns having a different direction of peak gain at different frequencies and for different switching combinations. The antenna is simulated with CST, and a prototype is fabricated to compare the measured and simulated results with good accuracy