The 1987 Mexican Disinflation Program: An Exchange-rate-based Stabilization?

We examine whether Mexico’s disinflation experience during 1987-94 fits the widely accepted set of stylized facts of exchange-ratebased stabilization (ERBS) on inflation, the boom-recession business cycle, and the external sector. A cursory look at Mexican data shows that the experience fits quite closely the stylized facts of ERBS. However, the paper shows that there were some important differences and peculiarities of the Mexican case that deserve further study, especially regarding the role of the nominal anchor and the nature of the business cycle.stabilization, disinflation, business cycle, nominal anchor

The Complex Simplicity of Teaching Fiction Writing

Panel: Teaching Writin

Images in fashion advertisements: their role in involvement and the consumer communications process

The importance of images as a means of persuasion in advertisements, with few exceptions, has been viewed as secondary to copy (text) in advertisements. Even though images play an important part in the communication of messages for fashion apparel, research to develop an understanding of how images influence consumers is needed. Hypotheses were developed to test the proposition that viewers’ level of advertisement and fashion involvement would be moderated by type of advertisement treatment for a fashion product considered controversial: (1) copy and image, (2) copy only, and (3) image only. Involvement, as a state that can be measured along a continuum, served as the theoretical framework. The Revised Personal Involvement Inventory (RPII) was used to measure advertisement involvement. The Fashion Involvement Index (FII) was used to measure fashion involvement as a function of product involvement. Both scales had dimensions that provided additional information to test an overall state of involvement. A mail survey was conducted of a sample of 1,200 women with intended household income of $75,000 or higher, living in eight major metropolitan areas of the United States. The response rate was 23%. In general, the respondents were highly educated; over 30 years of age; white, not of Hispanic origin; married; full-time employed professionals; and affluent. Hypotheses were tested using multiple regression (MR) and Pearson correlation analyses. Variation in advertisement treatment produced no moderating effects on involvement with the advertisement. Age was the only demographic characteristic found to moderate the relationship between fashion involvement and involvement with the advertisement as measured on the pleasure dimension of the RPII. There were significant relationships between fashion involvement and ownership of leather products and between level of advertisement involvement and ownership of leather products. Results also showed significant relationships between fashion involvement and media exposure and between advertisement involvement and media exposure. Results in this study contribute to an understanding of the role of images in print advertisements for fashion apparel and further support the external validity of advertisement involvement as measured by the RPII and fashion involvement theory as measured by the FII

Spitzer/IRS Mapping of Local Luminous Infrared Galaxies

We present results of our program Spitzer/IRS Mapping of local Luminous Infrared Galaxies (LIRGs). The maps cover the central 20"x20" or 30"x 30" regions of the galaxies, and use all four IRS modules to cover the full 5-38 microns spectral range. We have built spectral maps of the main mid-IR emission lines, continuum and PAH features, and extracted 1D spectra for regions of interest in each galaxy. The final goal is to fully characterize the mid-IR properties of local LIRGs as a first step to understanding their more distant counterparts.Comment: 4 pages, 5 figures. To appear in "Highlights of Spanish Astrophysics V", Proceedings of the VIII Scientific Meeting of the Spanish Astronomical Society (SEA) held in Santander, 7-11 July, 200

Maximum Principles and Consequences for γ\gamma-translators in Rn+1\mathbb{R}^{n+1}

In this paper we obtain several properties of translating solitons for a general class of extrinsic geometric curvature flows given by a homogeneous, symmetric, smooth non-negative function $\gamma$ defined in an open cone $\Gamma\subset\mathbb{R}^n$. The main results are tangential principles, nonexistence theorems for closed and entire solutions, and a uniqueness result that says that any strictly convex $\gamma$-translator defined on a ball with a single end $\mathcal{C}^2$-asymptotic to a cylinder is the ''bowl''-type solution found in the translator paper of S. Rengaswami.Comment: Comments are welcome

La línea jurisprudencial como instrumento esencial para conocer el Derecho

En el Derecho Administrativo debe incluirse el estudio de jurisprudencia y como técnica debe enseñarse a identificar correctamente líneas jurisprudenciales. Se trata de adquirir herramientas necesarias en un contexto en el que las fuentes del derecho han mutado dados los cambios notables que se han presentado en el principio de separación de poderes, pues el juez (sobre todo el administrativo) lejos de ser un autómata que aplica matemáticamente normas, en su labor hermenéutica es un verdadero creador de reglas jurídicas.The analysis of case-law needs to be included into Administrative Law. Accordingly, it is crucial to teach how to identify lines of case-law. They are important tools in the current legal context, in which the sources of law have profoundly changed as a consequence of deep changes in the separation of powers. For that reason, judges (and especially administrative judges) cannot merely apply the law as if it were a mathematical operation. On the contrary, they have the task of creating legal rules