Argentina's recovery and "excess" capital shallowing of the 1990s

The paper examines Argentina’s economic expansion in the 1990s through the lens of a parsimonious neoclassical growth model. The main finding is that investment remained considerably weaker than what the model would have predicted. The resulting excessive “capital shallowing” could be identified as a weakness of the rapid economic growth of the 1990s that may have played a role in Argentina’s ultimate inability to escape the crisis that started to unfold towards the end of that decade. ; Economic Research Working Paper 0204Capital

Dynamics of the trade balance and the terms of trade: the S-curve

We provide a theoretical interpretation of two features of international data: the countercyclical movements in net exports and the tendency for the trade balance to be negatively correlated with current and future movements in the terms of trade, but positively correlated with past movements. We document these same properties in a two-country stochastic growth model in which trade fluctuations reflect, in large part, the dynamics of capital formation. We find that the general equilibrium perspective is essential: The relation between the trade balance and the terms of trade depends critically on the source of fluctuations.Balance of trade

Relative price movements in dynamic general equilibrium models of international trade

We examine the behavior of international relative prices from the perspective of dynamic general equilibrium theory, with particular emphasis on the variability of the terms of trade and the relation between the terms of trade and net exports. We highlight aspects of the theory that are critical in determining these properties, contrast our perspective with those associated with the Marshall-Lerner condition and the Harberger-Laursen-Metzler effect, and point out features of the data that have proved difficult to explain within existing dynamic general equilibrium models.International trade

On recurrence and ergodicity for geodesic flows on noncompact periodic polygonal surfaces

We study the recurrence and ergodicity for the billiard on noncompact polygonal surfaces with a free, cocompact action of $\Z$ or $\Z^2$. In the $\Z$-periodic case, we establish criteria for recurrence. In the more difficult $\Z^2$-periodic case, we establish some general results. For a particular family of $\Z^2$-periodic polygonal surfaces, known in the physics literature as the wind-tree model, assuming certain restrictions of geometric nature, we obtain the ergodic decomposition of directional billiard dynamics for a dense, countable set of directions. This is a consequence of our results on the ergodicity of \ZZ-valued cocycles over irrational rotations.Comment: 48 pages, 12 figure

A hybrid lagrangian-eulerian approach for simulation of bubble dynamics

A mutiscale numerical approach is developed for the investigation of bubbly flows in turbulent environments. This consists of two different numerical approaches capable of capturing the bubble dynamics at different scales depending upon the relative size of the bubbles compared to the grid resolution: (i) fully resolved simulations (FRS) wherein the bubble dynamics and deformation are completely resolved, and (ii) subgrid, discrete bubble model where the bubbles are not resolved by the computational grid. For fully resolved simulations, a novel approach combining a particle-based, mesh-free technique with a finite-volume flow solver, is developed. The approach uses marker points around the interface and advects the signed distance to the interface in a Lagrangian frame. Interpolation kernel based derivative calculations typical of particle methods are used to extract the interface normal and curvature from unordered marker points. Unlike front-tracking methods, connectivity between the marker points is not necessary. For underresolved bubbles, a mixture-theory based Eulerian-Lagrangian approach accounting for volumetric displacements due to bubble motion and size variations is developed. The bubble dynamics is modeled by Rayleigh-Plesset equations using an adaptive timestepping scheme. A detailed verification and validation study of both approaches is performed to test the accuracy of the method on a variety of single and multiple bubble problems to show good predictive capability. Interaction of bubbles with a traveling vortex tube is simulated and compared with experimental data of Sridhar and Katz [1] to show good agreement.http://deepblue.lib.umich.edu/bitstream/2027.42/84270/1/CAV2009-final74.pd

ESEA Briefing Book

Political leaders hope to act soon to renew and fix the Elementary and Secondary Education Act (ESEA, also known as No Child Left Behind). In this important paper, Thomas B. Fordham Institute President Chester E. Finn, Jr. and Executive Vice President Michael J. Petrilli identify 10 big issues that must be resolved in order to get a bill across the finish line, and explore the major options under consideration for each one. Should states be required to adopt academic standards tied to college and career readiness? Should the new law provide greater flexibility to states and districts? These are just a few of the areas discussed. Finn and Petrilli also present their own bold yet "reform realist" solutions for ESEA

Miss Barbara Finn and Mr. E.J. Stanistreet to Mr. Meredith (11 October 1962)

https://egrove.olemiss.edu/mercorr_pro/2131/thumbnail.jp

Addendum to: Capillary floating and the billiard ball problem

We compare the results of our earlier paper on the floating in neutral equilibrium at arbitrary orientation in the sense of Finn-Young with the literature on its counterpart in the sense of Archimedes. We add a few remarks of personal and social-historical character.Comment: This is an addendum to my article Capillary floating and the billiard ball problem, Journal of Mathematical Fluid Mechanics 14 (2012), 363 -- 38

Binary inspiral, gravitational radiation, and cosmology

Observations of binary inspiral in a single interferometric gravitational wave detector can be cataloged according to signal-to-noise ratio $\rho$ and chirp mass $\cal M$. The distribution of events in a catalog composed of observations with $\rho$ greater than a threshold $\rho_0$ depends on the Hubble expansion, deceleration parameter, and cosmological constant, as well as the distribution of component masses in binary systems and evolutionary effects. In this paper I find general expressions, valid in any homogeneous and isotropic cosmological model, for the distribution with $\rho$ and $\cal M$ of cataloged events; I also evaluate these distributions explicitly for relevant matter-dominated Friedmann-Robertson-Walker models and simple models of the neutron star mass distribution. In matter dominated Friedmann-Robertson-Walker cosmological models advanced LIGO detectors will observe binary neutron star inspiral events with $\rho>8$ from distances not exceeding approximately $2\,\text{Gpc}$, corresponding to redshifts of $0.48$ (0.26) for $h=0.8$ ($0.5$), at an estimated rate of 1 per week. As the binary system mass increases so does the distance it can be seen, up to a limit: in a matter dominated Einstein-deSitter cosmological model with $h=0.8$ ($0.5$) that limit is approximately $z=2.7$ (1.7) for binaries consisting of two $10\,\text{M}_\odot$ black holes. Cosmological tests based on catalogs of the kind discussed here depend on the distribution of cataloged events with $\rho$ and $\cal M$. The distributions found here will play a pivotal role in testing cosmological models against our own universe and in constructing templates for the detection of cosmological inspiraling binary neutron stars and black holes.Comment: REVTeX, 38 pages, 9 (encapsulated) postscript figures, uses epsf.st