The Reaction of Stock Prices to Unanticipated Changes in Money

This paper investigates the short-run effect of unexpected changes in the weekly money stock on common stock prices. Survey data on money market participants' forecasts of money changes are employed to construct the measure of unanticipated movements in the money stock. The results indicate that an unexpected increase in money depresses stock prices and, consistent with the efficient markets hypothesis, only the unexpected part of the weekly money announcement causes stock price fluctuations. The October 1979 change in Federal Reserve operating procedures appears to have made stock prices somewhat more sensitive to large money surprises.

Firm Characteristics, Unanticipated Inflation, and Stock Returns

This paper re-examines the effects of nominal contracts on the relationship between unanticipated inflation and individual stock's rate of return. This study differs in three main ways from previous research. First, announced inflation data are used to examine the effects of unanticipated inflation. Second, a different specification is used to obtain more efficient estimates. Third, additional nominal contracts are considered. The empirical results indicate that time-varying firm characteristics related to inflation predominately determine the effect of unanticipated inflation on a stock's rate of return. A firm's debt-equity ratio appears to be particularly important in determining the response.

Domain Wall Bubbles in High Energy Heavy Ion Collisions

It has been recently shown that meta-stable domain walls exist in high-density QCD ($\mu\neq 0$) as well as in QCD with large number of colors ($N_c\to\infty$), with the lifetime being exponentially long in both cases. Such metastable domain walls may exist in our world as well, especially in hot hadronic matter with temperature close to critical. In this paper we discuss what happens if a bubble made of such wall is created in heavy ion collisions, in the mixed phase between QGP and hadronic matter. We show it will further be expanded to larger volume $\sim 20 fm^3$ by the pion pressure, before it disappears, either by puncture or contraction. Both scenarios leave distinctive experimental signatures of such events, negatively affecting the interference correlations between the outgoing pions.Comment: 6 pages, 1 fi

Generative Use of Locatives in Multiword Utterances in Agrammatism: A Matrix Training Approach

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Haplotype Association Mapping Identifies a Candidate Gene Region in Mice Infected With Staphylococcus aureus

Exposure to Staphylococcus aureus has a variety of outcomes, from asymptomatic colonization to fatal infection. Strong evidence suggests that host genetics play an important role in susceptibility, but the specific host genetic factors involved are not known. The availability of genome-wide single nucleotide polymorphism (SNP) data for inbred Mus musculus strains means that haplotype association mapping can be used to identify candidate susceptibility genes. We applied haplotype association mapping to Perlegen SNP data and kidney bacterial counts from Staphylococcus aureus-infected mice from 13 inbred strains and detected an associated block on chromosome 7. Strong experimental evidence supports the result: a separate study demonstrated the presence of a susceptibility locus on chromosome 7 using consomic mice. The associated block contains no genes, but lies within the gene cluster of the 26-member extended kallikrein gene family, whose members have well-recognized roles in the generation of antimicrobial peptides and the regulation of inflammation. Efficient mixed-model association (EMMA) testing of all SNPs with two alleles and located within the gene cluster boundaries finds two significant associations: one of the three polymorphisms defining the associated block and one in the gene closest to the block, Klk1b11. In addition, we find that 7 of the 26 kallikrein genes are differentially expressed between susceptible and resistant mice, including the Klk1b11 gene. These genes represent a promising set of candidate genes influencing susceptibility to Staphylococcus aureus

The HPS electromagnetic calorimeter

The Heavy Photon Search experiment (HPS) is searching for a new gauge boson, the so-called “heavy photon.” Through its kinetic mixing with the Standard Model photon, this particle could decay into an electron-positron pair. It would then be detectable as a narrow peak in the invariant mass spectrum of such pairs, or, depending on its lifetime, by a decay downstream of the production target. The HPS experiment is installed in Hall-B of Jefferson Lab. This article presents the design and performance of one of the two detectors of the experiment, the electromagnetic calorimeter, during the runs performed in 2015–2016. The calorimeter's main purpose is to provide a fast trigger and reduce the copious background from electromagnetic processes through matching with a tracking detector. The detector is a homogeneous calorimeter, made of 442 lead-tungstate (PbWO4) scintillating crystals, each read out by an avalanche photodiode coupled to a custom trans-impedance amplifier

Feynman scaling violation on baryon spectra in pp collisions at LHC and cosmic ray energies

A significant asymmetry in baryon/antibaryon yields in the central region of high energy collisions is observed when the initial state has non-zero baryon charge. This asymmetry is connected with the possibility of baryon charge diffusion in rapidity space. Such a diffusion should decrease the baryon charge in the fragmentation region and translate into the corresponding decrease of the multiplicity of leading baryons. As a result, a new mechanism for Feynman scaling violation in the fragmentation region is obtained. Another numerically more significant reason for the Feynman scaling violation comes from the fact that the average number of cutted Pomerons increases with initial energy. We present the quantitative predictions of the Quark-Gluon String Model (QGSM) for the Feynman scaling violation at LHC energies and at even higher energies that can be important for cosmic ray physics.Comment: 21 pages, 11 figures, and 1 table. arXiv admin note: substantial text overlap with arXiv:1107.1615, arXiv:1007.320

The Otterbein Miscellany - May 1971

https://digitalcommons.otterbein.edu/miscellany/1000/thumbnail.jp