Asymmetric Monetary Policy in Australia

We find evidence for asymmetric behaviour in Australian monetary policy. During 1984-1990, the Reserve Bank of Australia acted with considerable discretion yielding poor performance of an interest rate rule. However it behaved asymmetrically to inflation and the output gap in downturns and upturns. On embracing inflation targeting from 1991, it enhanced its credibility by anchoring inflation expectations. Not only did its actions become more predictable in 1991-2002, it responded asymmetrically only to output, switching to act more acutely in downturns. While its asymmetric behaviour could result from asymmetric preferences or non-linear aggregate supply, our results support the former explanation.non-linear Phillips curve; Interest rate rules; asymmetric preferences; generalized method of moments; inflation targeting; credibility

Asymmetric Monetary Policy in Australia

We find evidence for asymmetric behaviour in Australian monetary policy. During 1984-1990, the Reserve Bank of Australia acted with considerable discretion yielding poor performance of an interest rate rule. However it behaved asymmetrically to inflation and the output gap in downturns and upturns. On embracing inflation targeting from 1991, it enhanced its credibility by anchoring inflation expectations. Not only did its actions become more predictable in 1991-2002, it responded asymmetrically only to output, switching to act more acutely in downturns. While its asymmetric behaviour could result from asymmetric preferences or non-linear aggregate supply, our results support the former explanation

Physical Characteristics, Sensors and Applications of 2D/3DIntegrated CMOS Photodiodes

Two-dimensional photodiodes are reversely biased at a reasonable voltage whereas 3D photodiodes are likely operated at the Geiger mode. How to design integrated 2D and 3D photodiodes is investigated in terms of quantum efficiency, dark current, crosstalk, response time and so on. Beyond photodiodes, a charge supply mechanism provides a proper charge for a high dynamic range of 2D sensing, and a feedback pull-down mechanism expedites the response time of 3D sensing for time-of-flight applications. Particularly, rapid parallel reading at a 3D mode is developed by a bus-sharing mechanism. Using the TSMC 0.35μm 2P4M technology, a 2D/3D-integrated image sensor including P-diffusion_N-well_P-substrate photodiodes, pixel circuits, correlated double sampling circuits, sense amplifiers, a multi-channel time-to-digital converter, column/row decoders, bus-sharing connections/decoders, readout circuits and so on was implemented with a die size of 12mm×12mm. The proposed 2D/3D-integrated image sensor can perceive a 352×288-pixel 2D image and an 88×72-pixel 3D image with a dynamic range up to 100dB and a depth resolution of around 4cm, respectively. Therefore, our image sensor can effectively capture gray-level and depth information of a scene at the same location without additional alignment and post-processing. Finally, the currently available 2D and 3D image sensors are discussed and presented

Ginseng essence, a medicinal and edible herbal formulation, ameliorates carbon tetrachloride-induced oxidative stress and liver injury in rats

AbstractBackgroundGinseng essence (GE) is a formulation comprising four medicinal and edible herbs including ginseng (Panax ginseng), American ginseng (Panax quinquefolius), lotus seed (Nelumbo nucifera), and lily bulb (Lilium longiflorum). This study was aimed at investigating the hepatoprotective effect of GE against carbon tetrachloride (CCl4)-induced liver injury in rats.MethodsWe treated Wistar rats daily with low, medium, and high [0.625 g/kg body weight (bw), 1.25 g/kg bw, and 3.125 g/kg bw, respectively] doses of GE for 9 wk. After the 1st wk of treatment, rats were administered 20% CCl4 (1.5 mL/kg bw) two times a week to induce liver damage until the treatment ended.ResultsSerum biochemical analysis indicated that GE ameliorated the elevation of aspartate aminotransferase and alanine aminotransferase and albumin decline in CCl4-treated rats. Moreover, CCl4-induced accumulation of hepatic total cholesterol and triglyceride was inhibited. The hepatoprotective effects of GE involved enhancing the hepatic antioxidant defense system including glutathione, glutathione peroxidase, glutathione reductase, glutathione S-transferase, superoxide dismutase, and catalase. In addition, histological analysis using hematoxylin and eosin and Masson's trichrome staining showed that GE inhibited CCl4-induced hepatic inflammation and fibrosis. Furthermore, immunohistochemical staining of alpha-smooth muscle actin indicated that CCl4-triggered activation of hepatic stellate cells was reduced.ConclusionThese findings demonstrate that GE improves CCl4-induced liver inflammation and fibrosis by attenuating oxidative stress. Therefore, GE could be a promising hepatoprotective herbal formulation for future development of phytotherapy

A Feature Extraction Method Based on Information Theory for Fault Diagnosis of Reciprocating Machinery

This paper proposes a feature extraction method based on information theory for fault diagnosis of reciprocating machinery. A method to obtain symptom parameter waves is defined in the time domain using the vibration signals, and an information wave is presented based on information theory, using the symptom parameter waves. A new way to determine the difference spectrum of envelope information waves is also derived, by which the feature spectrum can be extracted clearly and machine faults can be effectively differentiated. This paper also compares the proposed method with the conventional Hilbert-transform-based envelope detection and with a wavelet analysis technique. Practical examples of diagnosis for a rolling element bearing used in a diesel engine are provided to verify the effectiveness of the proposed method. The verification results show that the bearing faults that typically occur in rolling element bearings, such as outer-race, inner-race, and roller defects, can be effectively identified by the proposed method, while these bearing faults are difficult to detect using either of the other techniques it was compared to

Fig. 1 Layout of a cross slot etched on a printed circuit board

Abstract-A simple design for circularly-polarized (CP) patch antennas with broadband operation is presented. The design uses a cross slot antenna with an ellipse-shaped ground plane, and it is found that a broadband CP operation can be realized by selecting a proper aspect ratio of the ground plane. A design guideline is given. Three examples are designed by the guideline, and their antenna prototypes are also accomplished and tested. Measured results indicate that the 3dB-axial-ratio bandwidths of the three prototypes, centered at 0.9, 1.4, 2 GHz, are 26, 37, and 32 %, respectively. HFSS Simulated results validate the experiments. In addition, the possible methods of further improving the 3dB-axial-ratio bandwidth are also addressed

Sonoporation-mediated gene transfer into adult rat dorsal root ganglion cells

<p>Abstract</p> <p>Background</p> <p>Gene transfer into many cell types has been successfully used to develop alternative and adjunct approaches to conventional medical treatment. However, effective transfection of postmitotic neurons remains a challenge. The aim of this study was to develop a method for gene transfer into rat primary dorsal root ganglion neurons using sonoporation.</p> <p>Methods</p> <p>Dissociated cells from adult rat dorsal root ganglion (DRG) cells were sonicated for 1-8 s at 2.5-10 W to determine the optimal ultrasound duration and power for gene transfection and cell survival. Transfection efficiency was compared between sonoporation, liposome and lentiviral vector gene transfer techniques.</p> <p>Results</p> <p>The optimum ultrasound intensity was 5 W for 2 s and yielded an efficiency of gene transfection of 31% and a survival rate of 35%.</p> <p>Conclusions</p> <p>Sonoporation can be optimized to minimize cell death and yield a high percentage of transfected neurons and that this technique can be easily applied to primary cultures of rat dorsal root ganglion neurons.</p

Holographic security

This chapter is concerned with the security applications of holographic techniques. Holograms are used in product authentication, product branding and brand protection, and personal and other documents. Serialization to ensure the uniqueness of each hologram for added security is briefly discussed. The theory of optical character recognition and joint transform correlation methods is outlined. Holographic recording using encrypted reference waves enables secure storage of information. Several methods are considered for encrypting optical data as well as holographic recording of encrypted images and their reconstruction and decryption. Millimeter and microwave holographic imaging techniques for the detection of hidden contraband, narcotics, firearms, and explosives are also discussed