Brazil's Tropical Plan

This paper highlights the institutional features of the inflation process and contrasts two stabilization efforts in 1964-66 and in 1986.The inflation process in Brazil is highly institutional. It does not resemble hyperinflations where pricing and wage setting are geared to the exchange rate by the hour, making it possible to stop inflation by simply containing money creation and fixing the exchange rate. The two stabilization programs demonstrate that an incomes policy is an essential ingredient to non-recessionary stabilization. But they also show that demand restraint is inevitable if disinflation is to be viable. The 1964 program was gradualist and two-handed, relying on the supply side on wage repression. The 1986 plan was a heterodox shock treatment centered around an uncompromising price freeze and paying insufficient attention to the need for fiscal restraint.

The Flexible Exchange Rate System: Experience and Alternatives

We review ten aspects of how floating exchange rates have worked in practice, contrasted with ten characteristics that the system was supposed to have in theory. We conclude that the foreign exchange market is characterized by high transactions-volume, short-term horizons, and an absence of stabilizing speculation. As a result, the exchange rate at times strays from the equilibrium level dictated by fundamentals, contrary to theory. We then look at ten proposed alternatives to the current system. Four entail decentralized policy rules: new classical macroeconomics, a gold standard, monetarism, and nominal income targeting. Four foresee enhanced international coordination: G-7 "objective indicators," Williamson target zones, McKinnon "world monetarism," and a "Hosomi Fund." Two propose enhanced independence: a "Tobin tax" on transactions, and a dual exchange rate. We conclude that one might build a case for intervention from the observed failure of international financial markets to behave as in the theoretical ideal, but that government intervention in practice is just as likely to fall short of the theoretical ideal

Fat Talk Between Friends: Co-Rumination About Physical Appearance

In recent years, there has been a growing interest in the study of social and interpersonal factors that influence emotional adjustment and body image. Co-rumination is a new construct in the friendship literature which refers to discussing problems excessively and sharing negative feelings within the context of a close relationship. However, there is a lack of research with regard to the specific content of co-ruminative dialogues. In the body image literature, the term fat talk was coined to describe a negative, appearance focused dialogue that takes place in the context of female social circles. There have been no studies examining the fat talk phenomenon within the context of close female friendships. The present study attempted to unite the relatively new constructs of co-rumination and fat talk, while making unique contributions to their respective literatures. The purpose of this study was to examine the influence of appearance-specific co-rumination (i.e., fat talk between friends; FTBF), specifically as it relates to women\u27s body image, emotional adjustment, and friendship quality. A total of 209 women from Old Dominion University completed an online battery of questionnaires. The results revealed that FTBF was related to body image cognitive distortions and disturbed eating attitudes, yet it was paradoxically related to perceived friendship quality. These findings suggest that FTBF involves adjustment trade-offs, in that, it seems to positively contribute to friendship quality while negatively impacting one\u27s appearance-related cognitions and eating attitudes. Interestingly, FTBF was not found to be associated with appearance evaluation, appearance investment, self-esteem, or depression. In addition to these results, exploratory analyses were conducted to examine the differences between FTBF and non-ruminative fat talk (i.e., normative fat talk). These discrepancies were evaluated and discussed, especially with respect to limitations and future directions for research

Experience with daptomycin daily dosing in ICU patients undergoing continuous renal replacement therapy

Purpose: For critically ill patients undergoing continuous renal replacement therapy (CRRT), daptomycin dosing recommendations are scarce. We, therefore, retrospectively assessed routinely measured daptomycin plasma concentrations, daptomycin dose administered and microbiological data in 11 critically ill patients with Gram-positive infections that had received daptomycin once daily. Methods: The retrospective analysis included critically ill patients treated at the intensive care unit (ICU) who had daptomycin plasma concentrations measured. Results: Daptomycin dose ranged from 3 to 8mg/kg/q24h in patients undergoing CRRT (n=7) and 6 to 10mg/kg/q24h in patients without CRRT (n=4). Peak and trough concentrations showed a high intra- and inter-patient variability in both groups, independent of the dosage per kg body weight. No drug accumulation was detected in CRRT patients with once-daily daptomycin dosing. Causative pathogens were Enterococcus faecium (n=6), coagulase-negative Staphylococcus (n=2), Staphylococcus aureus (n=2) and unknown in one patient. Microbiological eradication was successful in 8 of 11 patients. Two of three patients with unsuccessful microbiological eradication and fatal outcome had an Enterococcus faecium infection. Conclusion: In critically ill patients undergoing CRRT, daptomycin exposure with once-daily dosing was similar to ICU patients with normal renal function, but lower compared to healthy volunteers. Our data suggest that daptomycin once-daily dosing is appropriate in patients undergoing CRR

The Collaboration of Human Resource Management and Line Management–An International Comparison

The extant research advocates for the strategic integration of human resource management (HRM) in managerial decision making to foster firm performance. However, the empirical evidence of a stronger strategic integration of HRM is still limited, especially in terms of strategic guidelines such as a human resource (HR) strategy and international comparative matters. Drawing on responses from 588 German and US-based organizations and related to the new institutionalism theory, this study examines whether a HRM partnership (i.e., sharing responsibilities between HRM and line management) that represents a particular form of strategic integration of HRM is beneficial for organizations. In particular, we find international differences as a more pronounced HRM partnership increases employee turnover in the USA, whereas no significant changes are encountered in Germany. We further demonstrate that organizations located in the USA are more likely to have a formal HR strategy compared to those in Germany. However, this study can neither provide support for the direct effect of a HRM partnership on employee turnover nor of a moderation of this relationship through the HR strategy

BILIPROTEINS FROM THE BUTTERFLY Pieris brassicae STUDIED BY TIME-RESOLVED FLUORESCENCE AND COHERENT ANTI-STOKES RAMAN SPECTROSCOPY

The fluorescence decay time of the biliverdin IX7 chromophore present in biliproteins isolated from Pieris brassicae is determined to be 44 ± 3 ps. This value suggests a cyclic helical chromophore structure. The vibrational frequencies determined by CARS-spectroscopy are compared with those of model compounds. The data confirm that the chromophore in the protein-bound state adopts a cyclic-helical, flexible conformation