Demand shocks and trade balance dynamics

This paper studies the current account dynamics in the G-7 countries plus Spain. We estimate a SVAR model which allows us to identify three different shocks: supply shocks, real demand shocks and nominal shocks. We use a different identification procedure from previous work based on a microfounded stochastic open-economy model in which the real exchange rate is a determinant of the Phillips curve. Estimates from a structural VAR show that real demand shocks explain most of the variability of current account imbalances, whereas, contrary to previous findings, nominal shocks play no role. The results we obtain are consistent with the predictions of a widely set of open-economy models and illustrate that demand policies are the main responsible of trade imbalances.Current account, SVAR

Experimental study of MIMO-OFDM transmissions at 94 GHz in indoor environments

Millimeter wave (mm-wave) frequencies have been proposed to achieve high capacity in 5G communications. Although meaningful research on the channel characteristics has been performed in the 28, 38and 60 GHz bands ─in both indoor and short-range scenarios─,only a small number of trials (experiments) have been carried out in other mm-wave bands. The objective of this work is to study the viability and evaluate the performance of the 94 GHz frequency band for MIMO-OFDM transmission in an indoor environment. Starting from a measurement campaign, the performance of MIMO algorithms is studied in terms of throughput for four different antenna configurations.This work was supported in part by the Ministerio de Economía y Competitividad MINECO, Spain under Grant TEC2016-78028-C3-2-P, and in part by the European FEDER funds

Demand Shocks and Trade Balance Dynamics

This paper studies the current account dynamics in the G-7 countries plus Spain. We estimate a SVAR model which allows us to identify three different shocks: supply shocks, real demand shocks and nominal shocks. We use a different identification procedure from previous work based on a microfounded stochastic open-economy model in which the real exchange rate is a determinant of the Phillips curve. Estimates from a structural VAR show that real demand shocks explain most of the variability of current account imbalances, whereas, contrary to previous findings, nominal shocks play no role. The results we obtain are consistent with the predictions of a widely set of open-economy models and illustrate that demand policies are the main responsible of trade imbalances.Current account, SVAR.

Uréter ectópico en el perro : a propósito de dos casos clínicos

A propósito de dos casos clínicos de uréter ectópico en una perra Fax Terrier de siete meses y un Bichón Frissé de 5 meses de edad, el autor hace un breve recuerdo de las manifestaciones clínicas, así como de los medios diagnósticos y quirúrgicos para la resolución del problema del uréter ectópico en el perro.On the finding of two cases of ectopic ureter in a female, seven months old Fox- Terrier,and five months old Bichon Frisse the author makes a short review of tbe clinical signs diagnostics and surgical procedures for the resolution and surgical correction of the ectopic ureter in the dog

La bibliofarmacia de Kate Chopin o la lectura como intoxicación

One of the most important yet also most neglected sets of images in Kate Chopin¿s The Awakening (1899) is that of intoxication and poisoning. In the first half of this essay I trace and discuss all the noteworthy occurrences in the novel of such words as ¿narcotic¿, ¿intoxicant¿, ¿sting¿, ¿chloroform¿, ¿venom¿, and even ¿drug [store]¿, whose main referents in the plot are the reading of romantic novels and letters, listening to Frédéric Chopin¿s music, out-of-wedlock eroticism, and the solitary contact with sublime forces such as the ocean. In the narrative, the main characters often approach their romantic experiences in either an allopathic or a homeopathic manner. In the second half of the essay I articulate a prophylactic economy of romantic experiences and emotions. To this end I resort to the ideas on the alternately healing and damaging effects of literature put forth by Kenneth Burke and Jorge Larrosa. I will then extrapolate one such economy from the situation of the characters in The Awakening to that of the undergraduate students in Spain who discover a novel with a self-destructive protagonist for the first time in an American literature course.Uno de los principales campos semánticos empleados en The Awakening (1899), de Kate Chopin, es el de la intoxicación y el envenenamiento, que hasta ahora apenas ha sido mencionado. En la primera parte del presente ensayo señalo y comento todas las apariciones significativas en la novela de palabras como ¿narcotic¿, ¿intoxicant¿, ¿sting¿, ¿chloroform¿, ¿venom¿, e incluso ¿drug [store]¿, cuyos referentes en la trama son la lectura de novelas y cartas románticas, el disfrute de la música de Frédéric Chopin, el erotismo extramatrimonial y el contacto solitario con fuerzas sublimes como el océano. En esta narración, los distintos personajes encaran sus experiencias románticas unas veces de manera alopática y otras de manera homeopática. En la segunda parte del ensayo presento una economía profiláctica de las experiencias y emociones románticas. Con este fin recurro a las ideas de Kenneth Burke y Jorge Larrosa sobre los efectos alternativamente curativos y dañinos que la literatura puede tener sobre el lector. Finalmente, extrapolaré dicha economía a la situación lectora del alumnado universitario que se encuentra por vez primera, en la clase de literatura norteamericana, con una novela de protagonista autodestructivo

Reflexiones en torno a la Educación Religiosa: Elementos para una propuesta desde la psicología de la religión

Este trabajo presenta, críticamente, los funda-mentos de la educación religiosa en Costa Rica. A tal fin,retoma elementos conceptuales de la psicología de la re-ligión y de la psicología del desarrollo humano; en parti-cular, de la psicología del desarrollo moral. Principal-mente, reflexiona en torno al desarrollo de la fe y al jui-cio moral sobre la educación religiosa en Costa Rica. Fi-nalmente, critica algunos elementos que plantean unaeducación religiosa tendiente a desarrollar la fe juntocon el juicio moral, además de ofrecer una visión univer-salista sobre el fenómeno religios

Paradoxical time and providential history in Shakespeare and Bacon

Few of Shakespeare's tragic characters have had so many detractors as Richard II, who has been variously dismissed as a capricious tyrant, a self-absorbed poet, and a Protean dramatic force whose unpredictable actions at times threaten the structural integrity of the play. This perception has in turn influenced the interpretation of Bolingbroke as a competent antagonist who brings much-needed order to the chaotic universe of the first two acts of Richard II. This essay sides with the minority of defenders of Richard-the character as the central intelligence who exerts the greatest control over the dramatic events as they are represented upon the stage and on the page. In discussing Richard's recourse to constructions of human history imported from providentialist historiography I make ample use of Francis Bacon's own self-representations as the abused Messiah of experimental philosophy

Discurso del Sr. Vice-presidente

Págs. 5-7.No firma el vicepresidente. Como se puede comprobar, en el Junta Directiva existen dos vicepresidentes. Hemos optado por el Sr. Rodríguez, por ser autor de un discurso en la memoria de 1884