1,605 research outputs found
The Financial Instability Hypothesis, Disaggregated Finance and the Structure of Econometric Models
Paper presented at the Econometric Society, Toronto, Ontario, Canada, December 28, 1972
Time lower bounds for nonadaptive turnstile streaming algorithms
We say a turnstile streaming algorithm is "non-adaptive" if, during updates,
the memory cells written and read depend only on the index being updated and
random coins tossed at the beginning of the stream (and not on the memory
contents of the algorithm). Memory cells read during queries may be decided
upon adaptively. All known turnstile streaming algorithms in the literature are
non-adaptive.
We prove the first non-trivial update time lower bounds for both randomized
and deterministic turnstile streaming algorithms, which hold when the
algorithms are non-adaptive. While there has been abundant success in proving
space lower bounds, there have been no non-trivial update time lower bounds in
the turnstile model. Our lower bounds hold against classically studied problems
such as heavy hitters, point query, entropy estimation, and moment estimation.
In some cases of deterministic algorithms, our lower bounds nearly match known
upper bounds
Bounded Counter Languages
We show that deterministic finite automata equipped with two-way heads
are equivalent to deterministic machines with a single two-way input head and
linearly bounded counters if the accepted language is strictly bounded,
i.e., a subset of for a fixed sequence of symbols . Then we investigate linear speed-up for counter machines. Lower
and upper time bounds for concrete recognition problems are shown, implying
that in general linear speed-up does not hold for counter machines. For bounded
languages we develop a technique for speeding up computations by any constant
factor at the expense of adding a fixed number of counters
Securitization and financialization
Securitization and financialization are the main causes of the financial crisis. These two concepts explain not only Minskyâs financial instability hypothesis but also the off-balance-sheet operations represented by erivative
products, which are closely related to mortgage loans. Financial intermediaries in need of liquidity did everything in their power so that the securitization of assets could have a life of its own in financial operations. This is a process that is endogenous to the development of financialization. Because said process
was a violation of the monetary economy, it was necessary for central banks to intervene as âlenders of last resortâ as well as to nationalize and restructure all the financial intermediaries
Recent Rise in Federal Government and Federal Reserve Liabilities: Antidote to a Speculative Hangover
Counter Machines and Distributed Automata: A Story about Exchanging Space and Time
We prove the equivalence of two classes of counter machines and one class of
distributed automata. Our counter machines operate on finite words, which they
read from left to right while incrementing or decrementing a fixed number of
counters. The two classes differ in the extra features they offer: one allows
to copy counter values, whereas the other allows to compute copyless sums of
counters. Our distributed automata, on the other hand, operate on directed path
graphs that represent words. All nodes of a path synchronously execute the same
finite-state machine, whose state diagram must be acyclic except for
self-loops, and each node receives as input the state of its direct
predecessor. These devices form a subclass of linear-time one-way cellular
automata.Comment: 15 pages (+ 13 pages of appendices), 5 figures; To appear in the
proceedings of AUTOMATA 2018
Interprocedural Reachability for Flat Integer Programs
We study programs with integer data, procedure calls and arbitrary call
graphs. We show that, whenever the guards and updates are given by octagonal
relations, the reachability problem along control flow paths within some
language w1* ... wd* over program statements is decidable in Nexptime. To
achieve this upper bound, we combine a program transformation into the same
class of programs but without procedures, with an Np-completeness result for
the reachability problem of procedure-less programs. Besides the program, the
expression w1* ... wd* is also mapped onto an expression of a similar form but
this time over the transformed program statements. Several arguments involving
context-free grammars and their generative process enable us to give tight
bounds on the size of the resulting expression. The currently existing gap
between Np-hard and Nexptime can be closed to Np-complete when a certain
parameter of the analysis is assumed to be constant.Comment: 38 pages, 1 figur
Perceptual Context in Cognitive Hierarchies
Cognition does not only depend on bottom-up sensor feature abstraction, but
also relies on contextual information being passed top-down. Context is higher
level information that helps to predict belief states at lower levels. The main
contribution of this paper is to provide a formalisation of perceptual context
and its integration into a new process model for cognitive hierarchies. Several
simple instantiations of a cognitive hierarchy are used to illustrate the role
of context. Notably, we demonstrate the use context in a novel approach to
visually track the pose of rigid objects with just a 2D camera
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