Semiparametric Analysis of the Socio-Demographic and Spatial Determinants of Undernutrition in Two African Countries

We estimate semiparametric regression models of chronic undernutrition (stunting) using the 1992 Demographic and Health Surveys (DHS) from Tanzania and Zambia. We focus particularly on the influence of the child's age, the mother's body mass index, and spatial influences on chronic undernutrition. Conventional parametric regression models are not flexible enough to cope with possibly nonlinear effects of the continuous covariates and cannot flexibly model spatial influences. We present a Bayesian semiparametric analysis of the effects of these two covariates on chronic undernutrition. Moreover, we investigate spatial determinants of undernutrition in these two countries. Compared to previous work with a simple fixed effects approach for the influence of provinces, we model small scale district specific effects using flexible spatial priors. Inference is fully Bayesian and uses recent Markov chain Monte Carlo techniques

Riding the Yield Curve: Diversification of Strategies

Riding the yield curve, the fixed-income strategy of purchasing a longer-dated security and selling before maturity, has long been a popular means to achieve excess returns compared to buying-and-holding, despite its implicit violations of market efficiency and the pure expectations hypothesis of the term structure. This paper looks at the historic excess returns of different strategies across three countries and proposes several statistical and macro-based trading rules which seem to enhance returns even more. While riding based on the Taylor Rule works well even for longer investment horizons, our empirical results indicate that, using expectations implied by Fed funds futures, excess returns can only be increased over short horizons. Furthermore, we demonstrate that duration-neutral strategies are superior to standard riding on a risk- adjusted basis. Overall, our evidence stands in contrast to the pure expectations hypothesis and points to the existence of risk premia which may be exploited consistently.Term Structure, Interest Rates, Market Efficiency, Taylor Rule

Spectroscopic and photometric studies of white dwarfs in the Hyades

The Hyades cluster is known to harbour ten so-called classical white dwarf members. Numerous studies through the years have predicted that more than twice this amount of degenerate stars should be associated with the cluster. Using the PPMXL catalog of proper motions and positions, a recent study proposed 17 new white dwarf candidates. We review the membership of these candidates by using published spectroscopic and photometric observations, as well as by simulating the contamination from field white dwarfs. In addition to the ten classical Hyades white dwarfs, we find six white dwarfs that may be of Hyades origin and three more objects that have an uncertain membership status due to their unknown or imprecise atmospheric parameters. Among those, two to three are expected as field stars contamination. Accurate radial velocity measurements will confirm or reject the candidates. One consequence is that the longstanding problem that no white dwarf older than ~340 Myr appears to be associated with the cluster remains unsolved.Comment: 14 pages, 9 figures, accepted for publication in the Astronomy and Astrophysics journa

Anomalous resistance overshoot in the integer quantum Hall effect

In this work we report experiments on defined by shallow etching narrow Hall bars. The magneto-transport properties of intermediate mobility two-dimensional electron systems are investigated and analyzed within the screening theory of the integer quantized Hall effect. We observe a non-monotonic increase of Hall resistance at the low magnetic field ends of the quantized plateaus, known as the overshoot effect. Unexpectedly, for Hall bars that are defined by shallow chemical etching the overshoot effect becomes more pronounced at elevated temperatures. We observe the overshoot effect at odd and even integer plateaus, which favor a spin independent explanation, in contrast to discussion in the literature. In a second set of the experiments, we investigate the overshoot effect in gate defined Hall bar and explicitly show that the amplitude of the overshoot effect can be directly controlled by gate voltages. We offer a comprehensive explanation based on scattering between evanescent incompressible channels.Comment: 7 pages and 5 figure