10,681 research outputs found
Opera\u27s Not Over \u27Til Arepo Returns
With the recent discovery in the north of England of yet another example of the famous Latin palindromic square illustrated at the left, it is time to review the mystery surrounding this clever construction. Found at an archeological site in Manchester, this joins the other discoveries in various sites throughout the lands of the former Roman Empire
The Suspension of the Gold Standard as Sustainable Monetary Policy
This paper models the gold standard as a state contingent commitment technology that is only feasible during peace. Monetary policy during war, when the gold convertibility rule suspended, can still be credible, if the policy maker’s plan is to resume the gold standard in the future. The DGE model developed in this paper suggests that the resumption of the gold standard was a sustainable plan, which replaced the gold standard as a commitment technology and made monetary policy time consistent. Trigger strategies support the equilibrium: private agents retaliate if a policy maker defaults its plan to resume the gold standard
Afterberners: An Assemblage of Nouns
The English language owes a debt of gratitude of Dame Juliana Berners. She was born circa 1388 and is believed to have been the prioress of a nunnery near St. Albans, Hertforshire, England. Her major contribution to literature is The Boke of St. Albans, a treatise on hawking, hunting and heraldry first published in 1486
Sumwords: A New Crossword Game
The letter B occurs, on average, once in every hundred letters of standard English prose. So, too, do the letters G and V. By contrast, those same hundred letters will include 13 E\u27s, 9 T\u27s, and 4 D\u27s, but J, K, Q, X, and Z will, in all probability, be completely absent. Assigning individual letter values which reflect a realistic view of their frequency of use int he language and including decimal points up to 0.5, we have the following tables
High frequency difraction by a soft circular disc. I the plane wave at normal incidence
The far scattered field off the axis of symmetry of the disc is found for a high frequency, harmonic, normally incident, plane wave. The method used is due to Jones and involves the solution of a singular integral equation of the first kind for the field on the disc. This integral equation can be converted into an integral equation of the second kind which is of particular value at high frequencies. In the present work the known function in the equation is written in the form of a contour integral. A suitable change of unknown function then produces extensive cancellation and yields a single function fundamental to the problem. The detailed calculations of the far field give terms which are believed to be new. In executing these calculations some interesting relationships between the terms involved are demonstrated
The Suspension of the Gold Standard as Sustainable Monetary Policy
This paper models the gold standard as a state contingent commitment technology that is only feasible during peace. Monetary policy during war, when the gold convertibility rule suspended, can still be credible, if the policy maker’s plan is to resume the gold standard in the future. The DGE model developed in this paper suggests that the resumption of the gold standard was a sustainable plan, which replaced the gold standard as a commitment technology and made monetary policy time consistent. Trigger strategies support the equilibrium: private agents retaliate if a policy maker defaults its plan to resume the gold standard.Time Consistency, Monetary Policy, Monetary Regimes.
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