975 research outputs found
A substorm in midnight auroral precipitation
International audienceDMSP F7 spacecraft observations for the whole of 1986 were used to construct the empirical model of the midnight auroral precipitation during a substorm. The model includes the dynamics of different auroral precipitation boundaries and simultaneous changes in average electron precipitation energy and energy flux in different precipitation regions during all substorm phases, as well as the IMF and solar wind plasma signatures during a substorm. The analysis of the model shows a few important features of precipitation. (1) During the magnetic quietness and just before the beginning of the substorm expansive phase the latitudinal width of the auroral precipitation in the nightside sector is about 5 ? 6° CGL, while that of the auroral oval is about 2 ? 3° CGL during such periods. (2) For about 5 min before the substorm onset a decrease in the average precipitating electron energy in the equatorward part of auroral zone was observed simultaneously, with an increase in both the average electron energy and energy flux of electron precipitation in the poleward part of the auroral zone. (3) The isotropy boundary position in the beginning of the substorm expansive phase coincides well with the inner edge of the central plasma sheet. The analysis of interplanetary medium parameters shows that, on average, during the substorm development, the solar wind dynamic pressure was about 1.5 times that of the magnetic quietness period. Substorms occurred predominantly during the southward IMF orientation, suggesting that substorm onset often was not associated with the northern turn or decrease in the southward interplanetary Bz . The Northern Hemisphere's substorms occurred generally during the positive interplanetary By in winter, and they were observed when the interplanetary By was negative in summer
On the new economic philosophy of crisis management in the European Union
This essay attempts to go beyond presenting the bits and pieces of still ongoing crisis management in the EU. Instead it attempts at finding the ‘red thread’ behind a series of politically improvised decisions. Our fundamental research question asks whether basic economic lessons learned in the 1970s are still valid. Namely, that a crises emanating from either structural or regulatory weaknesses cannot and should not be remedied by demand management. Our second research question is the following: Can lacking internal commitment and conviction in any member state be replaced or substituted by external pressure or formalized procedures and sanctions? Under those angles we analyze the project on establishing a fiscal and banking union in the EU, as approved by the Council in December 2012
Puzzles of Dark Matter - More Light on Dark Atoms?
Positive results of dark matter searches in experiments DAMA/NaI and
DAMA/LIBRA confronted with results of other groups can imply nontrivial
particle physics solutions for cosmological dark matter. Stable particles with
charge -2, bound with primordial helium in O-helium "atoms" (OHe), represent a
specific nuclear-interacting form of dark matter. Slowed down in the
terrestrial matter, OHe is elusive for direct methods of underground Dark
matter detection using its nuclear recoil. However, low energy binding of OHe
with sodium nuclei can lead to annual variations of energy release from OHe
radiative capture in the interval of energy 2-4 keV in DAMA/NaI and DAMA/LIBRA
experiments. At nuclear parameters, reproducing DAMA results, the energy
release predicted for detectors with chemical content other than NaI differ in
the most cases from the one in DAMA detector. Moreover there is no bound
systems of OHe with light and heavy nuclei, so that there is no radiative
capture of OHe in detectors with xenon or helium content. Due to dipole Coulomb
barrier, transitions to more energetic levels of Na+OHe system with much higher
energy release are suppressed in the correspondence with the results of DAMA
experiments. The proposed explanation inevitably leads to prediction of
abundance of anomalous Na, corresponding to the signal, observed by DAMA.Comment: Contribution to Proceedings of XIII Bled Workshop "What Comes beyond
the Standard Model?
Household Decision Making and Savings Impacts: Further Evidence from a Commitment Savings Product in the Philippines
Commitment devices for savings could benefit those with self-control as well as familial or spousal control issues. We find evidence to support both motivations. We examine the impact of a commitment savings product in the Philippines on household decision making power and selfperception of savings behavior, as well as actual savings. The product leads to more decision making power in the household for women, and likewise more purchases of female-oriented durable goods. We also find that the product leads women who appear time-inconsistent in a baseline survey to self-report being a disciplined saver in the follow-up survey. For impact on savings balances, we find that the 81% increase in savings after one year did not crowd out savings held outside of the participating bank, but that the longer-term impact over two and a half years on bank savings dissipated to only a 33% increase, which is no longer statistically significant. We discuss reasons why the effect dissipated and the implications for designing and mplementing sustainable, equilibrium-shifting interventions
Current Account Imbalances in the Euro Area: Catching Up or Competitiveness?
In the debate on global imbalances, the euro area countries did not receive much attention so far. While the current account is on balance for the entire area, divergences between individual member states have increased since the introduction of the common currency. In this paper, the imbalances are traced back to catching up and competitiveness factors using paneleconometric techniques. In line with the intertemporal approach to the current account, low income countries tend to run deficits, while rich countries realize surpluses. However, the effect diminishes, if early years are dropped from the sample. The competitiveness channel is more robust and shows the expected sign, i.e. a real appreciation leads to external deficits. To restore competitiveness, a reduction of unit labour costs is on the agenda. Since a deterioration of competitiveness is not a feasible strategy for the surplus countries, an asymmetric response across countries is required in order to reduce the imbalances.In der Diskussion über globale Ungleichgewichte spielen die Länder der Eurozone bisher nicht die zentrale Rolle. Während die Leistungsbilanz für die gesamte Währungsunion ausgeglichen ist, sind die Ungleichgewichte zwischen den Mitgliedsländern erheblich und haben sich seit der Einführung der gemeinsamen Währung erhöht. In diesem Papier werden die Ungleichgewichte auf ökonomische Aufholprozesse und Wettbewerbsfähigkeit zurückgeführt. Dabei kommen panelökonometrische Methoden zum Einsatz. Bei Wohlfahrtunterschieden sollten Länder mit niedrigen Einkommen Defiziten, reichen Länder hingegen Überschüsse realisieren. Dieser Effekt nimmt jedoch im Zeitablauf ab. Eeine Erklärung über die Wettbewerbsfähigkeit ist robuster und zeigt die erwarteten VorZeichen, d.h. eine reale Aufwertung führt zu externen Defizite. Zur Wiederherstellung der Wettbewerbsfähigkeit steht eine Reduzierung der Lohnstückkosten steht auf der Tagesordnung. Da eine Verschlechterung der Wettbewerbsfähigkeit keine geeignete Strategie für die Überschussländer ist, scheint eine asymmetrische Reaktion in den einzelnen Ländern erforderlich zu sein, um die Ungleichgewichte in der Währungsunion zu verringern
Quantifying the improvement of surrogate indices of hepatic insulin resistance using complex measurement techniques
We evaluated the ability of simple and complex surrogate-indices to identify individuals from an overweight/obese cohort with hepatic insulin-resistance (HEP-IR). Five indices, one previously defined and four newly generated through step-wise linear regression, were created against a single-cohort sample of 77 extensively characterised participants with the metabolic syndrome (age 55.6±1.0 years, BMI 31.5±0.4 kg/m2; 30 males). HEP-IR was defined by measuring endogenous-glucose-production (EGP) with [6–62H2] glucose during fasting and euglycemic-hyperinsulinemic clamps and expressed as EGP*fasting plasma insulin. Complex measures were incorporated into the model, including various non-standard biomarkers and the measurement of body-fat distribution and liver-fat, to further improve the predictive capability of the index. Validation was performed against a data set of the same subjects after an isoenergetic dietary intervention (4 arms, diets varying in protein and fiber content versus control). All five indices produced comparable prediction of HEP-IR, explaining 39–56% of the variance, depending on regression variable combination. The validation of the regression equations showed little variation between the different proposed indices (r2 = 27–32%) on a matched dataset. New complex indices encompassing advanced measurement techniques offered an improved correlation (r = 0.75, P<0.001). However, when validated against the alternative dataset all indices performed comparably with the standard homeostasis model assessment for insulin resistance (HOMA-IR) (r = 0.54, P<0.001). Thus, simple estimates of HEP-IR performed comparable to more complex indices and could be an efficient and cost effective approach in large epidemiological investigations
The cost of holding foreign exchange reserves
Recent studies that have emphasized the costs of accumulating reserves for self-insurance purposes have overlooked two potentially important side-effects. First, the impact of the resulting lower spreads on the service costs of the stock of sovereign debt, which could substantially reduce the marginal cost of holding reserves. Second, when reserve accumulation reflects countercyclical LAW central bank interventions, the actual cost of reserves should be measured as the sum of valuation effects due to exchange rate changes and the local-to-foreign currency exchange rate differential (the inverse of a carry trade profit and loss total return flow), which yields a cost that is typically smaller than the one arising from traditional estimates based on the sovereign credit risk spreads. We document those effect s empirically to illustrate that the cost of holding reserves may have been considerably smaller than usually assumed in both the academic literature and the policy debate
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