120,462 research outputs found

    Microcanonical Approach to the Simulation of First-Order Phase Transitions

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    A generalization of the microcanonical ensemble suggests a simple strategy for the simulation of first order phase transitions. At variance with flat-histogram methods, there is no iterative parameters optimization, nor long waits for tunneling between the ordered and the disordered phases. We test the method in the standard benchmark: the Q-states Potts model (Q=10 in 2 dimensions and Q=4 in 3 dimensions), where we develop a cluster algorithm. We obtain accurate results for systems with more than one million of spins, outperforming flat-histogram methods that handle up to tens of thousands of spins.Comment: 4 pages, 3 postscript figure

    Age and sex distribution of adult asthma admission : a study of the five-year cumulative prevalence

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    The objective of this study is to describe the age and sex distribution of adult patients (ages 15-59) in Malta, admitted because of severe acute asthma. The study was designed using a retrospective review of all acute adult asthma admissions to determine the 5-year cumulative prevalence of acute asthma admission from 1989 to 1993 to St. Luke’s Hospital, the only acute medical facility serving the whole of the island of Malta. The results of this study showed that the female predominance in adult asthma admission rates reflects a larger number of female patients who require hospital admission rather than higher admission rates per person in females as compared to males.peer-reviewe

    Optimal non-linear monetary policy rules

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    We propose a simply yet flexible framework for the analysis of optimal monetary policy rules that produces the type of non-linear responses derived in the literature as special cases. Perhaps more importantly, our framework suggests a richer set of nonlinear responses than have been considered yet and thus may prompt further work in this area

    The Perverse Response of Interest Rates

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    We argue that an increase in aggregate demand can lead to a reduction in the interest rate. This apparently perverse optimal response of interest rates can occur when the Phillips curve is non-linear. In that case, an increase in aggregate demand tends to increase inflation and output but also to change the weight on inflation in the optimal monetary policy rule. Although the first two effects tend to increase interest rates, the latter effect can imply lower interest rates. If this effect dominates, interest rates can fall

    Targets, Zones and Asymmetries: A Flexible Nonlinear model of Recent UK Monetary Policy

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    We estimate a flexible model of the behaviour of UK monetary policymakers in the era of inflation targeting based on a new representation of policymaker’s preferences. This enables us to address a range of issues that are beyond the scope of the existing literature. We find a complex relationship between interest rates and inflation: interest rates are passive when inflation is close to the target but there is an increasingly vigorous response as inflation deviates further from the target. We also find that the response to the output gap is linear and find no evidence of a nonlinear Phillips curve

    THE LAND-GRANT UNIVERSITY IN THE 21st CENTURY

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