Monetary Policy Impulses, Local Output and the Transmission Mechanism

This paper evaluates the effects of unanticipated monetary policy shocks on Italian output on the basis of highly disaggregated data and a VAR methodology. The impact of unexpected changes in the money market interest rate on the pattern of industrial production - based on qualitative business opinion survey data - has been computed for 164 local industries. The perceived output effects of monetary impulses go up for local industries with higher investment expenditures, less liquid firms and for industrial sectors that have a higher correlation with the aggregate business cycle. The hypothesis that small firms bear a disproportionate burden of monetary policy does not find support in this sample.monetary policy shocks, business opinion surveys, heterogeneity

Stock market fluctuations and money demand in Italy, 1913-2003

This paper examines the impact of stock market fluctuations on money demand in Italy taking a long-run perspective. The empirical findings suggest that stock market fluctuations contribute to explain temporary movements in the liquidity preference, rather than its secular patterns. Overall, a positive association emerges between an index of stock market prices that includes dividends and real money balances; however, the estimated long-run relationship is unstable. In a dynamic, short-term specification of money demand the estimated coefficient on deflated stock prices is positive, thus compatible with a wealth effect, in the years 1913-1980, while in the last two decades a substitution effect prevailed and the correlation between money and share prices has been negative. This is likely to reflect a change in financial structure and the increasing role of opportunity costs defined over a wider range of assets. These results are confirmed by data on stock market capitalisation. Moreover, in the recent period stock market turnover and money growth are positively correlated.long-run money demand function, asset prices volatility

Teleportation-Induced Correlated Quantum Channels

Quantum teleportation of a n-qubit state performed using as entangled resource a general bipartite state of 2n qubits instead of n Bell states is equivalent to a correlated Pauli channel. This provides a new characterization of such channels in terms of many-body correlation functions of the teleporting media. Our model is then generalized to the Continuous Variable case. We show that this new representation provides a relatively simple method for determining whether a correlated quantum channel is able to reliably convey quantum messages by studying the entanglement properties of the teleportation mediating system.Comment: 4 pages, 2 figure

Analysis, characterization and minimization of IPMSMs cogging torque with different rotor structures

This paper presents the analysis, characterization and comparison of the cogging torque components generated by five different IPMSM rotor structures. More in detail, an IPMSM model (named IPMSM1), which is derived from a commercial geometry, is analyzed by using a Finite Element Method (FEM) approach. Then, four other IPMSM models, which are obtained by modifying the IPMSM1 rotor structure and by maintaining the same stator configuration, are proposed and analyzed. From the obtained simulation results, the cogging torque components for each structure are determined and compared. From this comparison, a significant cogging torque decrease is occurring for the modified geometries, without affecting the values of the generated torque. Furthermore, a meaningful relationship between the peak values of the cogging torque and the gradients of the flux density around the neutral area is reported and discussed. Therefore, simple structure modifications applied to the rotor geometry can bring significant improvements in terms of motor performances and cogging torque reductio

The effect of e-cigarette aerosol emissions on respiratory health: a narrative review

ABSTRACTIntroduction: Due to the uptake in the use of e-cigarettes (ECs), evidence on their health effects is needed to inform health care and policy. Some regulators and health professionals have ..

An IPMSM torque/weight and torque/moment of inertia ratio optimization

In this paper, a torque/weight and torque/moment of inertia ratio optimization procedure for interior permanent magnet syncronous motors (IPMSMs) is presented. More in detail, a performance comparison between several IPMSM rotor structures has been carried out in order to determine the optimum geometry that can maximize the torque/weight and torque/moment of inertia ratios. A commercial motor, with known electrical and mechanical characteristics, has been taken as reference. Its rotor structure has been modified several times, obtaining different rotor geometries and, therefore, many IPMSM models with different electrical and mechanical characteristics. The finite element method (FEM) analysis of each IPMSMs has been performed using the software FEMM, allowing to determine the related torque/load-angle characteristics. From the comparison between the torque/load-angle characteristics of the different IPMSM structures, it can be stated that significant performance improvements can be obtained in dependence not only of the type of permanent magnets and their direction of magnetization, but also of the PM displacement within the rotor

Nanostructured Ni-Fe-P Alloy for Alkaline Electrolyzer

In recent years, the interest towards green hydrogen has drastically increased due to the global decarbonization process. Electrochemical water splitting is considered an attractive solution to convert and store the surplus energy from renewable energy sources. However, hydrogen production by water electrolysis is not economically sustainable. To reduce the cost of produced hydrogen, it is necessary to switch from noble-metal catalyst (Pt, Pd…) to cheap alternatives with a lower per unit energy cost but at the same time able to guarantee a high electrocatalytic activity for both oxygen and hydrogen evolution reactions. Among transition metals, nickel was selected as active material for its low cost and high chemical stability in alkaline media. Currently, the most investigated transition metal catalyst includes alloy of nickel with sulfide, phosphide, and nitride. In this work, a ternary alloy of Nickel-Iron-Phosphorus with nanowires morphology was investigated and compared to the binary alloy of Nickel-Iron. Ni-Fe-P NWs electrodes were obtained by potential-controlled pulse electrochemical deposition using polycarbonate membrane as template. Electrodes morphology and structure were studied by scanning electrode microscopy (SEM), energy diffraction spectroscopy (EDS) and X-ray diffraction (XRD). Electrodes were tested both as cathodes as anodes by Quasi Steady State Polarization (QSSP) and Galvanostatic Test. All the tests were performed in 30% w/w KOH aqueous solution at room temperature. Preliminary results showed better performance of the ternary alloy compared to the binary one

Innovative approach for the in vitro research on biomedical scaffolds designed and customized with CAD-CAM technology

Studies on biomaterials involve assays aimed to assess the interactions between the biomaterial and the cells seeded on its surface. However, the morphology of biomaterials is heterogeneous and it could be tricky to standardize the results among different biomaterials and the classic plastic plates. In this light, we decided to create, by means of computer-aided design (CAD) technology, a standardized sample model, with equal shape and sizes, able to fit into a classic shape of a 96-wells tissue culture plate (TCP)

The withdrawal from oncogenetic counselling and testing for hereditary and familial breast and ovarian cancer. A descriptive study of an Italian sample

<p>Abstract</p> <p>Background</p> <p>Oncogenetic counselling is seldom followed through, even when individuals are eligible according to the test criteria. The basic variables which influence the decision to undergo the genetic counselling process are: risk perception, expected benefit or limitations of genetic testing, general psychological distress or cancer-specific distress, lack of trust in one's emotional reactions when faced with negative events, expected level of family support and communications within the family. The aim of this study was to describe the psychosocial variables of an Italian sample that forgoes genetic counselling.</p> <p>Methods</p> <p>From May 2002 to December 2006 a psychological questionnaire was sent out to one hundred and six subjects, who freely requested a first genetic informative consultation, and never asked to have a second visit and the family tree drawn up in order to inquire about their eligibility for genetic testing. Statistical analysis was performed by Pearson chi-square test, t-test and Spearman RHO coefficient.</p> <p>Results</p> <p>The survey presents a lack of emotional cohesion and structured roles and rules within the family system and a positive correlation between the number of children, anxiety and risk perception. The main reasons for giving up on counselling were a sense that testing was a waste of time and the inability to emotionally handle the negative consequences of the test outcome. The subjects who maintained that test and an early diagnosis were a "waste of time" experienced more anxiety.</p> <p>Conclusion</p> <p>The study revealed the importance to ac knowledging the whole persona and their family system as well as provide information highlighting usefulness of early diagnosis.</p