Booms and busts: consumption, house prices and expectations

Over much of the past 25 years, the cycles of house price and consumption growth have been closely synchronised. Three main hypotheses for this co-movement have been proposed in the literature. First, that an increase in house prices raises households’ wealth, particularly for those in a position to trade down the housing ladder, which increases their desired level of expenditure. Second, that house price growth increases the collateral available to homeowners, reducing credit constraints and thereby facilitating higher consumption. And third, that house prices and consumption have tended to be influenced by common factors. This paper finds that the relationship between house prices and consumption is stronger for younger than older households, which appears to contradict the wealth channel. These findings therefore suggest that common causality has been the most important factor behind the link between house price and consumption

SP mountain data analysis

An analysis of synthetic aperture radar data of SP Mountain was undertaken to demonstrate the use of digital image processing techniques to aid in geologic interpretation of SAR data. These data were collected with the ERIM X- and L-band airborne SAR using like- and cross-polarizations. The resulting signal films were used to produce computer compatible tapes, from which four-channel imagery was generated. Slant range-to-ground range and range-azimuth-scale corrections were made in order to facilitate image registration; intensity corrections were also made. Manual interpretation of the imagery showed that L-band represented the geology of the area better than X-band. Several differences between the various images were also noted. Further digital analysis of the corrected data was done for enhancement purposes. This analysis included application of an MSS differencing routine and development of a routine for removal of relief displacement. It was found that accurate registration of the SAR channels is critical to the effectiveness of the differencing routine. Use of the relief displacement algorithm on the SP Mountain data demonstrated the feasibility of the technique

Development techniques for generic software

In developing the first version of a generic implementation of X.25, Levels 2 and 3, three development techniques are examined: table driven finite state machine implementation, an integrated testing environment, and top down design. A finite state machine (FSM) is a powerful tool for both specifying and implementing protocols. This technique was used in the X.25 specification. A table driven implementation of the FSM was chosen to facilitate changes and simplify coding. The effect that this technique have on program size, speed of execution, coding time, and debugging time are investigated

Metamaterials for light rays: ray optics without wave-optical analog in the ray-optics limit

Volumes of sub-wavelength electromagnetic elements can act like homogeneous materials: metamaterials. In analogy, sheets of optical elements such as prisms can act ray-optically like homogeneous sheet materials. In this sense, such sheets can be considered to be metamaterials for light rays (METATOYs). METATOYs realize new and unusual transformations of the directions of transmitted light rays. We study here, in the ray-optics and scalar-wave limits, the wave-optical analog of such transformations, and we show that such an analog does not always exist. Perhaps, this is the reason why many of the ray-optical possibilities offered by METATOYs have never before been considered.Comment: 10 pages, 3 figures, references update

Dust Grain Orbital Behavior Around Ceres

Many asteroids show indications they have undergone impacts with meteoroid particles having radii between 0.01 m and 1 m. During such impacts, small dust grains will be ejected at the impact site. The possibility of these dust grains (with radii greater than 2.2x10-6 m) forming a halo around a spherical asteroid (such as Ceres) is investigated using standard numerical integration techniques. The orbital elements, positions, and velocities are determined for particles with varying radii taking into account both the influence of gravity, radiation pressure, and the interplanetary magnetic field (for charged particles). Under the influence of these forces it is found that dust grains (under the appropriate conditions) can be injected into orbits with lifetimes in excess of one year. The lifetime of the orbits is shown to be highly dependent on the location of the ejection point as well as the angle between the surface normal and the ejection path. It is also shown that only particles ejected within 10 degrees relative to the surface tangential survive more than a few hours and that the longest-lived particles originate along a line perpendicular to the Ceres-Sun line.Comment: 8 pages, Presented at COSPAR '0

Power Spectrum Correlations Induced by Non-Linear Clustering

Gravitational clustering is an intrinsically non-linear process that generates significant non-Gaussian signatures in the density field. We consider how these affect power spectrum determinations from galaxy and weak-lensing surveys. Non-Gaussian effects not only increase the individual error bars compared to the Gaussian case but, most importantly, lead to non-trivial cross-correlations between different band-powers. We calculate the power-spectrum covariance matrix in non-linear perturbation theory (weakly non-linear regime), in the hierarchical model (strongly non-linear regime), and from numerical simulations in real and redshift space. We discuss the impact of these results on parameter estimation from power spectrum measurements and their dependence on the size of the survey and the choice of band-powers. We show that the non-Gaussian terms in the covariance matrix become dominant for scales smaller than the non-linear scale, depending somewhat on power normalization. Furthermore, we find that cross-correlations mostly deteriorate the determination of the amplitude of a rescaled power spectrum, whereas its shape is less affected. In weak lensing surveys the projection tends to reduce the importance of non-Gaussian effects. Even so, for background galaxies at redshift z=1, the non-Gaussian contribution rises significantly around l=1000, and could become comparable to the Gaussian terms depending upon the power spectrum normalization and cosmology. The projection has another interesting effect: the ratio between non-Gaussian and Gaussian contributions saturates and can even decrease at small enough angular scales if the power spectrum of the 3D field falls faster than 1/k^2.Comment: 34 pages, 15 figures. Revised version, includes a clearer explanation of why the hierarchical ansatz does not provide a good model of the covariance matrix in the non-linear regime, and new constraints on the amplitudes Ra and Rb for general 4-pt function configurations in the non-linear regim

Electrometry using the quantum Hall effect in a bilayer 2D electron system

We discuss the development of a sensitive electrometer that utilizes a two-dimensional electron gas (2DEG) in the quantum Hall regime. As a demonstration, we measure the evolution of the Landau levels in a second, nearby 2DEG as the applied perpendicular magnetic field is changed, and extract an effective mass for electrons in GaAs that agrees within experimental error with previous measurements.Comment: 3.5 pages, 3 figures, submitted to APL

Origin of the hysteresis in bilayer 2D systems in the quantum Hall regime

The hysteresis observed in the magnetoresistance of bilayer 2D systems in the quantum Hall regime is generally attributed to the long time constant for charge transfer between the 2D systems due to the very low conductivity of the quantum Hall bulk states. We report electrometry measurements of a bilayer 2D system that demonstrate that the hysteresis is instead due to non-equilibrium induced current. This finding is consistent with magnetometry and electrometry measurements of single 2D systems, and has important ramifications for understanding hysteresis in bilayer 2D systems.Comment: 4 pages, 3 figs. Accepted for publication in PR

Ballistic transport in induced one-dimensional hole systems

We have fabricated and studied a ballistic one-dimensional p-type quantum wire using an undoped AlGaAs/GaAs heterostructure. The absence of modulation doping eliminates remote ionized impurity scattering and allows high mobilities to be achieved over a wide range of hole densities, and in particular, at very low densities where carrier-carrier interactions are strongest. The device exhibits clear quantized conductance plateaus with highly stable gate characteristics. These devices provide opportunities for studying spin-orbit coupling and interaction effects in mesoscopic hole systems in the strong interaction regime where rs > 10.Comment: 6 pages, 4 figures (accepted to Applied Physics Letters