1,412 research outputs found

    Reducing Power Consumption in Backbone Networks

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    Abstract—According to several studies, the power consumption of the Internet accounts for up to 10 % of the worldwide energy consumption, and several initiatives are being put into place to reduce the power consumption of the ICT sector in general. To this goal, we propose a novel approach to switch off network nodes and links while still guaranteeing full connectivity and maximum link utilization. After showing that the problem falls in the class of capacitated multi-commodity flow problems, and therefore it is NP-complete, we propose some heuristic algorithms to solve it. Simulation results in a realistic scenario show that it is possible to reduce the number of links and nodes currently used by up to 30 % and 50 % respectively during off-peak hours, while offering the same service quality

    Monetary and macroprudential policies

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    We use a dynamic general equilibrium model featuring a banking sector to assess the interaction between macroprudential policy and monetary policy. We find that in "normal" times (when the economic cycle is driven by supply shocks) macroprudential policy generates only modest benefits for macroeconomic stability over a "monetary-policy-only" world. And lack of cooperation between the macroprudential authority and the central bank may even result in conflicting policies, hence suboptimal results. The benefits of introducing macroprudential policy tend to be sizeable when financial or housing market shocks, which affect the supply of loans, are important drivers of economic dynamics. In these cases a cooperative central bank will "lend a hand" to the macroprudential authority, working for broader objectives than just price stability in order to improve overall economic stability.macroprudential policy, monetary policy, capital requirements
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