Business Cycle at a Sectoral Level: the Portuguese Case

The existence of comovement across different sectors is an important feature of the business cycle definition. The purpose of this work is to characterise the Portuguese sectoral business cycle, with particular emphasis on the comovement phenomenon, for the years 1953-2003 in terms of both GVA and employment. Inthe last fifty years substantial structural changes were observed in the Portuguese economy. These changes mean that some sectors, notably the service sectors, are growing in relative terms. Despite the existing differences in characteristics, such as trend and volatility, there is evidence for the presence of comovement among Portuguese activity sectors. A discussion on the causes of such phenomenon, such as the input-output linkages, in light of the Portuguese economy is done.

A rare and threatening complication in a cirrhotic patient

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Moment-based formulation of Navier–Maxwell slip boundary conditions for lattice Boltzmann simulations of rarefied flows in microchannels

We present an implementation of first-order Navier–Maxwell slip boundary conditions for simulating near-continuum rarefied flows in microchannels with the lattice Boltzmann method. Rather than imposing boundary conditions directly on the particle velocity distribution functions, following the existing discrete analogs of the specular and diffuse reflection conditions from continuous kinetic theory, we use a moment-based method to impose the Navier–Maxwell slip boundary conditions that relate the velocity and the strain rate at the boundary. We use these conditions to solve for the unknown distribution functions that propagate into the\ud domain across the boundary. We achieve second-order accuracy by reformulating these conditions for the second set of distribution functions that arise in the derivation of the lattice Boltzmann method by an integration along characteristics. The results are in excellent agreement with asymptotic solutions of the compressible Navier-Stokes equations for microchannel flows in the slip regime. Our moment formalism is also valuable for analysing the existing boundary conditions, and explains the origin of numerical slip in the bounce-back and other common boundary conditions that impose explicit conditions on the higher moments instead of on the local tangential velocity

A random projection method for sharp phase boundaries in lattice Boltzmann simulations

Existing lattice Boltzmann models that have been designed to recover a macroscopic description of immiscible liquids are only able to make predictions that are quantitatively correct when the interface that exists between the fluids is smeared over several nodal points. Attempts to minimise the thickness of this interface generally leads to a phenomenon known as lattice pinning, the precise cause of which is not well understood. This spurious behaviour is remarkably similar to that associated with the numerical simulation of hyperbolic partial differential equations coupled with a stiff source term. Inspired by the seminal work in this field, we derive a lattice Boltzmann implementation of a model equation used to investigate such peculiarities. This implementation is extended to different spacial discretisations in one and two dimensions. We shown that the inclusion of a quasi-random threshold dramatically delays the onset of pinning and facetting

A NOTE ON COMONOTONICITY AND POSITIVITY OF THE CONTROL COMPONENTS OF DECOUPLED QUADRATIC FBSDE

In this small note we are concerned with the solution of Forward-Backward Stochastic Differential Equations (FBSDE) with drivers that grow quadratically in the control component (quadratic growth FBSDE or qgFBSDE). The main theorem is a comparison result that allows comparing componentwise the signs of the control processes of two different qgFBSDE. As a byproduct one obtains conditions that allow establishing the positivity of the control process.Comment: accepted for publicatio

Comparison of the AIMS65 Score with Other Risk Stratification Scores in Upper Variceal and Nonvariceal Gastrointestinal Bleeding.

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Pancreatoscopy-guided electrohydraulic lithotripsy in a patient with calcific chronic pancreatitis

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An input-output analysis: linkages vs leakages

Resorting to input-output analysis, intersectoral linkages are investigated. For such assessment, the distinction between imported and domestically supplied inputs, which has been disregarded so far in empirical analysis, is crucial. Besides improving the measurement of domestic linkages, it also allows to evaluate the importance of international trade in the production process. Moreover, the interaction between domestic linkages and leakages resulting from international trade can also be analysed. Using as case study a small open economy, the Portuguese one, we assess sectoral interdependence and trade effects for individual sectors as well as for the economy as a whole.