Forecasting with real-time macroeconomic data: the ragged-edge problem and revisions

Real-time macroeconomic data are typically incomplete for today and the immediate past (?ragged edge?) and subject to revision. To enable more timely forecasts the recent missing data have to be dealt with. In the context of the U.S. leading index we assess four alternatives,paying explicit attention to publication lags and data revisions.

Dynamic walking stability of the TUlip robot by means of the extrapolated center of mass

The TUlip robot was created to participate in the teensize league of Robocup. The TUlip robot is a bipedal robot intended for dynamic walking. It has six degrees of freedom for each leg: three for the hip, one for the knee and two for the ankle. This paper elaborates on the algorithm for the sideways control during gait. The algorithm uses the extrapolated center of mass (XcoM) to achieve limit cycle stability. The algorithm is tested in simulation using a linear inverted pendulum and, then, experimentally applied to the TUlip robot. The result is an adaptive behavior of the TUlip robot, promising for future application to legged robot stability

Fifty years of specific stipulations for domestic corporate taxpayers in the Dutch Corporate Tax Act 1969

The article deals wit a number of specific stipulations for domestic corporate taxpayers in the Dutch Corporate Tax Act and the way how these stipulations have developed during the existence of the present Corporate Tax Act in the Netherlands. Also some lessons for the future are learned form these developments

The business tax plans of the new Dutch cabinet Rutte III

Het nieuwe Nederlandse kabinet (Rutte III) heeft ambitieuse plannen met betrekking tot de herziening van belastingen die gelden voor ondernemers. In dit artikel worden deze besproken. Aan de orde komen: de vennootschapsbelasting, de bronbelasting met betrekking tot dividend, rente en royalty's, en de inkomstenbelasting in het bijzonder voor aanmerkelijkbelangaandeelhouders

Thema's rond geldvorderingen:beschouwingen voor de inkomsten- en vennootschapsbelasting

Voor- en nadelen uit hoofde van geldvorderingen en de daar tegenover staande schulden zijn in veel gevallen onderdeel van het inkomen en de winst zoals deze worden belast op grond van de Wet inkomenbelasting 2001 (hierna: Wet IB 2001) en de Wet op de vennootschapsbelasting 1969 (hierna: Wet Vpb 1969). Of en hoe een voor- of nadeel uit hoofde van een geldvordering of gelschuld het inkomen of de winst beïnvloedt, wordt bepaald door het wettelijke regime dat bij de berekening van het inkomen of de winst van toepassing is. In beginsel kennen de Wet IB 2001 en de Wet Vpb 1969 ter zake ieder hun eigen regime, zij het dat het regime van de Wet Vpb 1969 voor een deel is ontleend aan het regime van de Wet IB 2001. Onderwerp van deze studie is een aantal thema's dat speelt rond de behandeling van voor- en nadelen uit hoofde van geldvorderingen en geldschulden in de IB en Vpb. Er is voor gekozen de behandelde thema's vooral te belichten vanuit de invalshoek van box I en II van de Wet IB 2001 en de winstbepaling volgens de Wet Vpb 1969 zoals zij geldt voor NV's en BV's. Zie: Summary

Evaluation of spirometry-gated computed tomography to measure lung volumes in emphysema patients

INTRODUCTION: In emphysema patient being evaluated for bronchoscopic lung volume reduction (BLVR), accurate measurement of lung volumes is important. Total lung capacity (TLC) and residual volume (RV) are commonly measured by body plethysmography but can also be derived from chest computed tomography (CT). Spirometry-gated CT scanning potentially improves the agreement of CT and body plethysmography. The aim of this study was to compare lung volumes derived from spirometry-gated CT and “breath-hold-coached” CT to the reference standard: body plethysmography. METHODS: In this single-centre retrospective cohort study, emphysema patients being evaluated for BLVR underwent body plethysmography, inspiration (TLC) and expiration (RV) CT scan with spirometer guidance (“gated group”) or with breath-hold-coaching (“non-gated group”). Quantitative analysis was used to calculate lung volumes from the CT. RESULTS: 200 patients were included in the study (mean±sd age 62±8 years, forced expiratory flow in 1 s 29.2±8.7%, TLC 7.50±1.46 L, RV 4.54±1.07 L). The mean±sd CT-derived TLC was 280±340 mL lower compared to body plethysmography in the gated group (n=100), and 590±430 mL lower for the non-gated group (n=100) (both p<0.001). The mean±sd CT-derived RV was 300±470 mL higher in the gated group and 700±720 mL higher in the non-gated group (both p<0.001). Pearson correlation factors were 0.947 for TLC gated, 0.917 for TLC non-gated, 0.823 for RV gated, 0.693 for RV non-gated, 0.539 for %RV/TLC gated and 0.204 for %RV/TLC non-gated. The differences between the gated and non-gated CT results for TLC and RV were significant for all measurements (p<0.001). CONCLUSION: In severe COPD patients with emphysema, CT-derived lung volumes are strongly correlated to body plethysmography lung volumes, and especially for RV, more accurate when using spirometry gating