Sticky Wages, Incomplete Pass-Through and Inflation Targeting: What is the Right Index to Target?

This paper studies strict monetary policy rules in a small open economy with Inflation Targeting, incomplete pass-through and rigid nominal wages. The paper shows that, when nominal wages are fully flexible and pass-through is low to moderate, the monetary authority should target the Consumer Price Index (CPI) rather than the Domestic Price Index (DPI). When pass-through is high, an economy with high degrees of nominal wage rigidity and wage indexation should either target the CPI or fully stabilise nominal wages. These results suggest that, by committing to a common monetary policy in a common-currency area, some countries may not be following the right monetary policy rules.Monetary policy rules; Inflation targeting ; Exchange rate pass-through; Nominal wage rigidity; Open economy.

Design-Studie für einen kompakten Niederenergie- Elektronenspeicherring für die Radiometrie im UV/VUV Spektralbereich

Inhalt dieser Arbeit ist die Design-Studie für einen kompakten Niederenergie-Elektronenspeicherring für die Radiometrie. Im Ring sollen Elektronen mit Energien im Bereich von 200 MeV bis 600 MeV gespeichert werden können, wobei die Emittanz möglichst klein und die Strahllebensdauer über den gesamten Energiebereich bei einem Strom von 100 mA mindestens eine Stunde sein sollten.Diese Vorgaben wurden in Abstimmung mit einem der potentiellen Hauptnutzer, der Physikalisch-Technische Bundesanstalt (PTB), festgelegt und sollen den Speicherring zu einer optimalen Synchrotronstrahlungsquelle für die Radiometrie im ultravioletten und vakuumultravioletten Spektralbereich mit Photonenenergien zwischen etwa 5 eV und 200 eV machen. Im Rahmen dieser Arbeit werden die aus physikalischer Sicht wichtigsten Teilsysteme eines Speicherringes konzeptioniert: Magnetoptik, Hochfrequenz-, Vakuum-, Diagnose- und Injektionssystem sowie die Magnetauslegung. Außerdem werden die zu erwartenden Synchrotronstrahlungsspektren berechnet. Der entworfene Speicherring hat einen Umfang von 34.2 m und besteht aus zwei "Triple Bend Achromat"-Bögen, die durch gerade Strecken miteinander verbunden sind. In eine dieser geraden Strecken kann ein maximal 5.6 m langes "Insertion Device" eingebaut werden, die andere ist durch die Injektionselemente und das Hochfrequenz-Cavity belegt. Insgesamt können mit dem Design des hier vorgestellten Speicherringes alle gestellten Anforderungen erfüllt werden: die natürliche Emittanz ist vergleichsweise niedrig und liegt bei günstigen linearen und nichtlinearen Eigenschaften der Magnetoptik nah an ihrem minimal möglichen Wert. Mit der gewählten Auslegung von Magnetoptik, Hochfrequenz- und Vakuumsystem beträgt die Strahllebensdauer mit einem Speicherringstrom von 100 mA bei niedrigen Elektronenenergien zwischen (200...300)MeV etwas über eine Stunde und steigt auf mehr als sechs Stunden bei der Maximalenergie von 600 MeV. Die Strahllebensdauer übertrifft damit im gesamten Energiebereich die Vorgabe.The subject of this work is the preparation of a design study for a compact low energy electron storage ring for radiometry in the ultraviolet and vacuum ultraviolet spectral range. Electrons with energies between 200 MeV and 600 MeV are to be stored. A small natural emittance is desired and the lifetime of a stored electron beam of 100 mA should not be less than one hour in the considered energy range. These major guidelines have been fixed in cooperation with one of the potential main users, the Physikalisch Technische Bundesanstalt (PTB), to optimize the storage ring for radiometric applications in the ultraviolet and vacuum ultraviolet spectral range with photon energies from approximately 5 eV to 200 eV. In this work the physical layout for the most important subsystems is given: magnet optics, rf-, vacuum-, diagnostic and injection system as well as the main magnet design. Additionally the expected synchrotron radiation spectra are calculated. The storage ring has a circumference of 34.2 m and consists of two Triple Bend Achromat cells, connected by two long straight sections. In one of these straight sections a 5.6 m long insertion device can be build in. The other one is occupied by the injection elements and the rf-cavity. All aspired guidelines are feasible with the presented storage ring design: the natural emittance is comparably small and with good linear and nonlinear optical properties close to its minimum value. With the presented solution (magnet optics, rf- and vacuum-system) the electron beam lifetime with 100 mA ring current is slightly above one hour at energies between (200...300) MeV and increases to more than 6 hours at the maximum energy of 600 MeV. Thus beam lifetime exceeds the guidelines at all energies

Phenomenological Model for Creep Behaviour in Cu-8.5 at.% Al Alloy

Creep experiments were conducted on Cu-8.5 at.% Al alloy in the intermediate temperature range from 673 to 873 K, corresponding to 0.46–0.72 Tm where Tm is the absolute melting temperature. The present analysis reveals the presence of two distinct deformation regions (climb and viscous glide) in the plot of log ̇ε vs. log σ. The implications of these results on the transition from power-law to exponential creep regime are examined. The results indicated that the rate controlling mechanism for creep is the obstacle-controlled dislocation glide. A phenomenological model is proposed which assumes that cell boundaries with sub-grains act as sources and obstacles to gliding dislocations

Giant vortices in combined harmonic and quartic traps

We consider a rotating Bose-Einstein condensate confined in combined harmonic and quartic traps, following recent experiments [V. Bretin, S. Stock, Y. Seurin and J. Dalibard, cond-mat/0307464]. We investigate numerically the behavior of the wave function which solves the three-dimensional Gross Pitaevskii equation. When the harmonic part of the potential is dominant, as the angular velocities $Omega$ increases, the vortex lattice evolves into a giant vortex. We also investigate a case not covered by the experiments or the previous numerical works: for strong quartic potentials, the giant vortex is obtained for lower $Omega$, before the lattice is formed. We analyze in detail the three dimensional structure of vortices

SWITCHED-CAPACITOR CIRCUITS WITH REDUCED INFLUENCES OF PARASITIC CAPACITANCES, SWITCH RESISTANCES AND AMPLIFIER NON-IDEALITIES

Two design techniques are described for decreasing and possibly eliminating the effects of element imperfections in switched-capacitor (SC) circuits. The first technique is devoted to the operational amplifier non-idealities. It is centered on decreasing the number of amplifiers in the circuits by multiplexing their use. The second approach is based on the minimization of the sum of the square of the differences between the time (or the frequency) response of the circuit with and without non-idealities. This technique can be used to control over the effects of finite switch resistances, finite gain-bandwidth product of the amplifiers as well as parasitic capacitances. Computer results have revealed that the responses of the optimized circuits are nearly the same as that of the ideal ones. Illustrative examples are given illustrating the efficiency of the proposed techniques

Phases of a rotating Bose-Einstein condensate with anharmonic confinement

We examine an effectively repulsive Bose-Einstein condensate of atoms that rotates in a quadratic-plus-quartic potential. With use of a variational method we identify the three possible phases of the system (multiple quantization, single quantization, and a mixed phase) as a function of the rotational frequency of the gas and of the coupling constant. The derived phase diagram is shown to be universal and the continuous transitions to be exact in the limit of weak coupling and small anharmonicity. The variational results are found to be consistent with numerical solutions of the Gross-Pitaevskii equation.Comment: 8 pages, 6 figure