6,217 research outputs found
Inflation Targeting versus Nominal Income Targeting
In this paper we analyze flexible inflation targeting and nominal income targeting as two different monetary strategies in a simple dynamic macromodel. Furthermore we analyze inflation targeting in a two-period time-lag version of the model. The key results of our paper are: First, for both targeting regimes optimal monetary policy response leads to a shock-dependent feedback rule. Second, a demand shock is completely offset by both monetary strategies. Third, in case of a supply shock there is a significant difference between the two different targeting regimes. Under inflation targeting the policy makers face a trade-off between inflation and output stabilization. This trade-off depends on the weight F the policy makers attached to output stabilization relative to inflation stabilization in the loss function. In contrast, under nominal income targeting policy makers face a constant trade-off between inflation and real output growth: An increase in inflation leads to a fall in real output growth by an equal amount. Finally we analyze inflation targeting in a two-period time-lag version of the model. The qualitative results about the trade-off between inflation and output growth remain the same as in the basic model without time lag.Inflation targeting, nominal income targeting, optimal monetary policy
Universitätsbibliothek der Universität für Musik und Darstellende Kunst Wien
Short presentation of the library of the University of Music and Performing Arts Vienn
La technique moderne et la guerre
Au début de l'année 1918, alors que les dernières découvertes de la science et de la technique avaient perfectionné à l'extrême les engins de guerre et étendu au delà de toute prévision les possibilités de destruction, le Comité International de la Croix-Rouge lançait aux belligérants un appel où se trouvait le passage suivant: << Bien loin d'atténuer les maux qu'entraîne la guerre, on peut dire que les progrès de la science dans l'aéronautique, la balistique ou la chimie, n'ont fait qu'en aggraver les souffrances et surtout les étendre à toute la population en sorte que la guerre ne sera bientôt plus qu'une œuvre de destruction générale et sans merc
Rapport technique sur la guerre chimique Annexe au rapport de MM. Cramer et Micheli
Des poisons ayant joué pour la première fois au cours de la guerre mondiale un rôle dans la conduite des opérations militaires, cette question a été vivement discutée, et une série de publications, principalement aussi des articles de la presse quotidienne, ont fait beaucoup de bruit à propos des horreurs des gaz asphyxiants. La Société des Nations et la Croix-Rouge se sont occupées de cette question à plusieurs reprises, et lors de la conférence de Washington, le Ier janvier 1922, une série de grandes puissances tombèrent d'accord pour interdire l'emploi des poisons au cours d'opérations guerrière
Characterization and pathway elucidation of halogenated metabolites in Nitzschia cf. Pellucida
Treatment of intracranial neoplasia in dogs using higher doses: A randomized controlled trial comparing a boosted to a conventional radiation protocol
The world’s wealth in pizza: Improving the comprehension of large numbers through information visualization
Extreme numerical magnitudes are part of our daily lives, from science to economics to politics. Specifically for large monetary measures, however, there are no comprehensive models for visualization practitioners to promote their understanding. Previous works on this topic have provided a framework for the visual depiction of complex measures but did not assess its effectiveness in communicating the real magnitude of the presented measures. In this thesis I bring together findings from Information Visualization and numerical cognition to extend the existing framework and assess the effects of different strategies, with a focus on monetary measures. For this, I created three visualization prototypes and conducted a series of user tests focused on insight creation. User tests highlighted advantages and disadvantages for different strategies and yielded various findings for their implementation in Information Visualisation
Investigations on Flagellar Biogenesis, Motility and Signal Transduction of Halobacterium salinarum
The study of life review: an approach to the investigation of intellectual development across the life span
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