Fiscal unions redux

Before the advent of sophisticated international financial markets, a widely accepted belief was that within a monetary union, a union-wide authority orchestrating fiscal transfers between countries is necessary to provide adequate insurance against country-specific economic fluctuations. A natural question is then: Do sophisticated international financial markets obviate the need for such an active union-wide authority? We argue that they do. Specifically, we show that in a benchmark economy with no international financial markets, an activist union-wide authority is necessary to achieve desirable outcomes. With sophisticated international financial markets, however, such an authority is unnecessary if its only goal is to provide cross-country insurance. Since restricting the set of policy instruments available to member countries does not create a fiscal externality across them, this result holds in a wide variety of settings. Finally, we establish that an activist union-wide authority concerned just with providing insurance to member countries is optimal only when individual countries are either unable or unwilling to pursue desirable policies

Nanotribology of biopolymer brushes in aqueous solution using dissipative particle dynamics simulations: an application to PEG covered liposomes in theta solvent

We undertake the investigation of sheared polymer chains grafted on flat surfaces to model liposomes covered with polyethylene glycol brushes as a case study for the mechanisms of efficient drug delivery in biologically relevant situations, for example, as carriers for topical treatments of illnesses in the human vasculature. For these applications, specific rheological properties are required, such as low viscosity at high shear rate to improve the transport of the liposomes. Therefore non - equilibrium, DPD simulations of polymer brushes of various length and shear rates are performed to obtain the average viscosity and friction coefficient of the system as functions of the shear rate and polymerization degree under theta solvent conditions, and find that the brushes experience shear thinning at large shear rates.The viscosity and the friction coefficient are shown to obey scaling laws at high shear rate in theta solvent, irrespective of the brushes degree of polymerization. These results confirm recent scaling predictions and reproduce very well trends in measurements of the viscosity at high shear of red blood cells in a liposome containing medium.Comment: 32 pages, 8 figure

IgG4 related disease in elderly: A case report

IgG4-related systemic disease (IgG4-RSD) is an emerging autoimmune disorder that may affect several organs, with signs of organ fibrosis, storiform masses for hystopathological plasmacellular infiltration and plasmatic elevation of IgG4. This clinical condition frequently occurs in the sixth decade and may be considered an autoimmunity of the elderly; the disease may have a smouldering course with frequent misdiagnosis for the co-occurrence of comorbidity and clinical complexity. The present case report describes the clinical case of an 81 years old woman admitted to the geriatric ward for remittent fever and functional decline. The past clinical history reported an isolated CT scan suggestive of retroperitoneal fibrosis of unknown origin with and a drug regimen that included chronic corticosteroids (prednisone 5 mg oad). The in hospital diagnostic workout demonstrated the presence of a thoracic aneurysm. Several possible diagnoses among inflammatory, autoimmune (connective tissue disease, vasculitis, sarcoidosis, amyloidosis), infectious (mycotic) or neoplastic conditions were ruled out, as well as any drug association with higher risk of retroperitoneal fibrosis. Thus, the clinical hypothesis of an IgG4 chronic periaortitis was formulated due to the co-occurrence of all the three major components: the presence of a retroperitoneal fibrosis, IgG4 related abdominal aortitis and peryaneurysmal fibrosis. Patient\u2019s comorbidity did not allow performing the histological analysis. The present clinical case is original and adds knowledge to the 76 cases of thoracic aortitis due to IgG4 systemic disease out of the 3482 cases of disease reported so far. Further clinical investigation is needed to provide a homogeneous diagnostic workout for tailored early therapeutic intervention on the single geriatric patient. Moreover, a growing awareness of the disease is needed, especially in geriatrics, to providing a better standard of care and to improving the disease clinical knowledge and managemen

Review of the Scientific Literature on Biology, Ecology, and Aspects Related to the Fishing Sector of the Striped Venus (Chamelea gallina) in Northern Adriatic Sea

Striped venus (Chamelea gallina) is one of the most important fish resources on the west coast of the Adriatic Sea. Recently, there has been a widespread die-off of C. gallina populations in Friuli-Venezia Giulia (northern Adriatic Sea, Italy), probably due to unfavorable climatic events. Overall, wild populations have become increasingly rare due to many factors affecting the ecological balance of the species. In this study, the available literature was reviewed to determine the current state of knowledge on the biology, ecology, fisheries, and status of C. gallina populations with reference to populations in Friuli-Venezia Giulia. However, few data are available in terms of peer-reviewed articles; much of it can be found in the gray literature (e.g., project reports, ministerial reports, institutional websites, etc.). However, a critical review of the sources reveals that the species is as endangered as the habitats it inhabits. As a result, conservation and restoration efforts have been undertaken to date as part of some larger project to protect the species. Therefore, considering the ecological and economic importance of this species, the results of the new studies will be useful for the scientific community and will be a key element in the conservation of this species

Debt Constraints and the Labor Wedge

Changes in household debt and employment across regions of the U.S. during the Great Recession are highly correlated: regions where the decrease in household debt was most pronounced were also regions where the decline in employment was most severe. We show that the drop in employment in the regions that have experienced the largest decrease in household debt is mostly accounted for by changes in the labor wedge (deviations from a static consumption-leisure choice) as opposed to changes in real wages. We argue that such a pattern is consistent with fluctuations in debt constraints in a standard Bewley-Aiyagari model

First Insights Into Trace Element Accumulation by Philoscia affinis (Crustacea, Isopoda): a Novel Tracer to Assess Soil Contamination in Lowland Plains?

Isopods are terrestrial invertebrates that accumulate trace elements in large quantities, thus providing information on levels of soil contamination. However, the accumulation pattern seems to be species dependent. For this study, specimens of Philoscia affinis (Isopoda, Oniscidea) and soil samples were collected from both a protected area (site 1) and urban roadside (site 2) in the low plain of Friuli-Venezia Giulia (northeast Italy) to determine whether P. affinis could serve as a potential candidate for monitoring soil contamination. To do this, the following objectives were achieved: a) the level of trace elements (Al, Cd, Cu, Fe, Hg, Mn, Pb, Zn) were detected in soils and isopods; 2) the difference in trace elements accumulation was compared in the two sampling sites; 3) the bioaccumulation factor (BAF) was calculated for each element. With some exceptions, trace element concentrations were higher in both isopods and soil samples from the urban roadside compared to the protected area. Furthermore, except for Cd, Cu, and Zn, trace element levels were higher in the soil than in the isopod samples. The higher mean BAF values were recorded for Cd (6.169 and 6.974 for site 1 and 2, respectively), Cu (10.324 and 11.452 for site 1 and 2, respectively), and Zn (1.836 and 2: 1.943 for site 1 and 2, respectively), whereas BAF values <1 were recorded for the other elements. Philoscia affinis was found to be a potential candidate to monitor soil contamination as a macro-concentrator of Cu and Cd and a micro-concentrator of Zn

Recent and subfossil diatom assemblages as indicators of environmental change (including fish introduction) in a high-mountain lake

We investigated modern-littoral and subfossil sediment-core diatoms in the shallow (max depth 6.4 m) high-mountain Lake Balma in the Orsiera Rocciavrè Nature Park (Italian Western Alps). Our study provided evidence that might be related to the response of diatom assemblages to fish introduction, in particular the decreasing of the nutrient-enrichment sensitive low-profile life-form/ecological guild and the increase in species known to react positively to the augmented nutrient availability due to fish excretions (e.g., Fragilaria nanana, Pseudostaurosira brevistriata, Staurosirella neopinnata). We are, however, aware that some of these effects could as well have been caused by pastures and cattle watering, and by increased temperatures due to global warming, and we acknowledge the typical complex-interaction pattern among different stressors. High-mountain lakes are ‘‘early warning systems’’ for the whole alpine system and can contribute valuable information also on the interactions between environmental global changes and anthropogenic impacts. Benthic diatoms, in particular, can provide useful indications on the deleterious effects of non-native fish introduction, cattle grazing, and global warming, and thus support an adaptive and sustainable management of high-mountain lakes for the sake of nature conservation

On The Decoration of Layer-By-Layer Films for the X-Ray Reflectivity Study at the Solid-Liquid Interface

© 2015, Springer Science+Business Media New York. X-ray reflectivity is a powerful method allowing to determine a structure of thin layers on solid supports. However, it has a limited application for studying organic films at the solid-liquid interfaces due to the low contrast in the electron density. The mentioned limitation can be effectively overcame by the decoration of the organic layers with heavy metal ions. In the present work we make a comparison of the X-ray reflectivity data obtained on the undecorated film at the air-solid interface and decorated film at the solid-liquid interface. In addition, we have demonstrated that the measurements at the solid-liquid interface do not result in any damage of the layer structure