Oil price shocks and U.S. economic activity: an international perspective

Oil price shocks are thought to have played a prominent role in U.S. economic activity. In this paper, we employ Bayesian methods with a dynamic stochastic general equilibrium model of world economic activity to identify the various sources of oil price shocks and economic fluctuation and to assess their effects on U.S. economic activity. We find that changes in oil prices are best understood as endogenous. Oil price shocks in the 1970s and early 1980s and the 2000s reflect differing mixes of shifts in oil supply and demand, and differing sources of oil price shocks have differing effects on economic activity. We also find that U.S. output fluctuations owe mostly to domestic shocks, with productivity shocks contributing to weakness in the 1970s and 1980s and strength in the 2000s.Petroleum products - Prices ; Petroleum industry and trade ; Economic conditions - United States ; Business cycles

Oil Price Shocks and U.S. Economic Activity: An International Perspective

Oil price shocks are thought to have played a prominent role in U.S. economic activity. In this paper, we employ Bayesian methods with a dynamic stochastic general equilibrium model of world economic activity to identify the various sources of oil price shocks and economic fluctuation and to assess their effects on U.S. economic activity. We find that changes in oil prices are best understood as endogenous. Oil price shocks in the 1970s and early 1980s and the 2000s reflect differing mixes of shifts in oil supply and demand, and differing sources of oil price shocks have differing effects on economic activity. We also find that U.S. output fluctuations owe mostly to domestic shocks, with productivity shocks contributing to weakness in the 1970s and 1980s and strength in the 2000s.oil price, international business cycles, general equilibrium, Bayesian estimation

Massive Superstring Vertex Operator in D=10 Superspace

Using the pure spinor formalism for the superstring, the vertex operator for the first massive states of the open superstring is constructed in a manifestly super-Poincar\'e covariant manner. This vertex operator describes a massive spin-two multiplet in terms of ten-dimensional superfields.Comment: Added reference

Huntington's Disease In a Coloured Family

A South African Coloured (of mixed descent) family with Huntington's disease in which all four members of one sibship, ranging in age from 16 to 23 years, are affected, is described. One generation back, definitely two, and possibly three, members of a sibship of six were affected with the adult form. The offspring of the one affected male all show some evidence of this condition, the age of onset being between 13 and 16 years. The offspring of the one female carrier who was definitely affected do not at this time appear to have been affected. The literature concerning juvenile Huntington's disease, especially with regard to its clinical presentation, EEG, and air encephalographic findings, is reviewed and compared with the family described. The predominance of rigidity and akinesia in the juvenile form, as opposed to chorea, which is the main adult extrapyramidal manifestation, is stressed. This is, to our knowledge, the first report of a Coloured (mixed descent) family's manifesting the clinical features of juvenile Huntington's disease

Relating the Green-Schwarz and Pure Spinor Formalisms for the Superstring

Although it is not known how to covariantly quantize the Green-Schwarz (GS) superstring, there exists a semi-light-cone gauge choice in which the GS superstring can be quantized in a conformally invariant manner. In this paper, we prove that BRST quantization of the GS superstring in semi-light-cone gauge is equivalent to BRST quantization using the pure spinor formalism for the superstring.Comment: 16 pages, JHEP format, fixed typos and added 2 footnote

Non-renormalization conditions for four-gluon scattering in supersymmetric string and field theory

The constraints imposed by maximal supersymmetry on multi-loop contributions to the scattering of four open superstrings in the U(N) theory are examined by use of the pure spinor formalism. The double-trace term k^2 t_8(tr F^2)^2 (where k represents an external momentum and F the Yang--Mills field strength) only receives contributions from L<=2 (where L is the loop number) while the single-trace term k^2 t_8(tr F^4) receives contributions from all L. We verified these statements up to L=5, but arguments based on supersymmetry suggest they extend to all L. This explains why the single-trace contributions to low energy maximally supersymmetric Yang--Mills field theory are more divergent in the ultraviolet than the double-trace contributions. We also comment further on the constraints on closed string amplitudes and their implications for ultraviolet divergences in N=8 supergravity.Comment: 25 pages. 2 eps figures. Harvmac format. v2 qualifications regarding comments on closed strings. References adde

Some Superstring Amplitude Computations with the Non-Minimal Pure Spinor Formalism

We use the non-minimal pure spinor formalism to compute in a super-Poincare covariant manner the four-point massless one and two-loop open superstring amplitudes, and the gauge anomaly of the six-point one-loop amplitude. All of these amplitudes are expressed as integrals of ten-dimensional superfields in a "pure spinor superspace" which involves five $\theta$ coordinates covariantly contracted with three pure spinors. The bosonic contribution to these amplitudes agrees with the standard results, and we demonstrate identities which show how the $t_8$ and $\epsilon_{10}$ tensors naturally emerge from integrals over pure spinor superspace.Comment: 20 pages, harvmac te

Multiloop Amplitudes and Vanishing Theorems using the Pure Spinor Formalism for the Superstring

A ten-dimensional super-Poincare covariant formalism for the superstring was recently developed which involves a BRST operator constructed from superspace matter variables and a pure spinor ghost variable. A super-Poincare covariant prescription was defined for computing tree amplitudes and was shown to coincide with the standard RNS prescription. In this paper, picture-changing operators are used to define functional integration over the pure spinor ghosts and to construct a suitable $b$ ghost. A super-Poincare covariant prescription is then given for the computation of N-point multiloop amplitudes. One can easily prove that massless N-point multiloop amplitudes vanish for N<4, confirming the perturbative finiteness of superstring theory. One can also prove the Type IIB S-duality conjecture that $R^4$ terms in the effective action receive no perturbative contributions above one loop.Comment: 45 pages harvmac tex, added minor clarification

Avelumab in European patients (pts) with metastatic Merkel cell carcinoma (mMCC): Experience from an ad-hoc expanded access program (EAP)

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Multiloop Superstring Amplitudes from Non-Minimal Pure Spinor Formalism

Using the non-minimal version of the pure spinor formalism, manifestly super-Poincare covariant superstring scattering amplitudes can be computed as in topological string theory without the need of picture-changing operators. The only subtlety comes from regularizing the functional integral over the pure spinor ghosts. In this paper, it is shown how to regularize this functional integral in a BRST-invariant manner, allowing the computation of arbitrary multiloop amplitudes. The regularization method simplifies for scattering amplitudes which contribute to ten-dimensional F-terms, i.e. terms in the ten-dimensional superspace action which do not involve integration over the maximum number of $\theta$'s.Comment: 23 pages harvmac, added acknowledgemen