Entropic analysis of the role of words in literary texts

Beyond the local constraints imposed by grammar, words concatenated in long sequences carrying a complex message show statistical regularities that may reflect their linguistic role in the message. In this paper, we perform a systematic statistical analysis of the use of words in literary English corpora. We show that there is a quantitative relation between the role of content words in literary English and the Shannon information entropy defined over an appropriate probability distribution. Without assuming any previous knowledge about the syntactic structure of language, we are able to cluster certain groups of words according to their specific role in the text.Comment: 9 pages, 5 figure

Intertemporal Budget Policies and Macroeconomic Adjustment in a Small Open Economy

This paper analyzes the role of nominal assets in ranking intertemporal budget policies in a growing open economy. The budget policies are ranked in terms of the public's intertemporal stock of tax liabilities. Our main result is that, in a small open economy, the valuation of private and public assets is in terms of the exogenous foreign price level under purchasing power parity. This constraint limits the scope of government to influence the real value of assets using fiscal and monetary policy shocks.Government budget, Taxation, Nominal asstes, Current account

Intertemporal Budget Policies and Macroeconomic Adjustment in Indebted Open Economies

We analyze the role of government intertemporal budget policies in a growing open economy including nominal assets in the presence of an upward sloping supply of debt. This introduces transitional dynamics that influence the effects of government policy instruments on the long term fiscal liability. In particular, shifts in capital income taxes can lead to dynamic scoring effects through the evolution of foreign debt. We show that a combination of tax-cumexpenditure, or government expenditure alone can balance the long term government budget constraint. However, for certain combinations of parameter values, the capital income tax alone cannot balance the intertemporal budget.Government budget constraint, nominal assets, capital income tax

Intertemporal Budget Policies and Macroeconomic Adjustment in a Small Open Economy

This paper analyzes the role of nominal assets in ranking intertemporal budget policies in a growing open economy. The budget policies are ranked in terms of the public's intertemporal stock of tax liabilities. We show that, for a small open economy, the constraint in which the valuation of private and public assets is in terms of the exogenous foreign price level, under purchasing power party, limits the scope of the government to influence the real value of assets using fiscal and monetary policy.Government budget, Taxation, Nominal Assets, Growth

Mean Flow and Turbulence in a Laboratory Channel with Simulated Vegatation (HES 51)

U.S. Army Corps of Engineers, Waterways Experiment Station (Contract DACW39-94-K-0010)unpublishednot peer reviewe

River Bed Response to Channel Width Variation: Theory and Experiments (HES 49)

Illinois Water Resources Center (USGS Project 04 Contract 14-08-0004-G2017unpublishednot peer reviewe