10,378 research outputs found

    Opera\u27s Not Over \u27Til Arepo Returns

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    With the recent discovery in the north of England of yet another example of the famous Latin palindromic square illustrated at the left, it is time to review the mystery surrounding this clever construction. Found at an archeological site in Manchester, this joins the other discoveries in various sites throughout the lands of the former Roman Empire

    Reserve held by schools in Wales at 31 March 2011

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    The Suspension of the Gold Standard as Sustainable Monetary Policy

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    This paper models the gold standard as a state contingent commitment technology that is only feasible during peace. Monetary policy during war, when the gold convertibility rule suspended, can still be credible, if the policy maker’s plan is to resume the gold standard in the future. The DGE model developed in this paper suggests that the resumption of the gold standard was a sustainable plan, which replaced the gold standard as a commitment technology and made monetary policy time consistent. Trigger strategies support the equilibrium: private agents retaliate if a policy maker defaults its plan to resume the gold standard

    Afterberners: An Assemblage of Nouns

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    The English language owes a debt of gratitude of Dame Juliana Berners. She was born circa 1388 and is believed to have been the prioress of a nunnery near St. Albans, Hertforshire, England. Her major contribution to literature is The Boke of St. Albans, a treatise on hawking, hunting and heraldry first published in 1486

    Sumwords: A New Crossword Game

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    The letter B occurs, on average, once in every hundred letters of standard English prose. So, too, do the letters G and V. By contrast, those same hundred letters will include 13 E\u27s, 9 T\u27s, and 4 D\u27s, but J, K, Q, X, and Z will, in all probability, be completely absent. Assigning individual letter values which reflect a realistic view of their frequency of use int he language and including decimal points up to 0.5, we have the following tables

    The Suspension of the Gold Standard as Sustainable Monetary Policy

    Get PDF
    This paper models the gold standard as a state contingent commitment technology that is only feasible during peace. Monetary policy during war, when the gold convertibility rule suspended, can still be credible, if the policy maker’s plan is to resume the gold standard in the future. The DGE model developed in this paper suggests that the resumption of the gold standard was a sustainable plan, which replaced the gold standard as a commitment technology and made monetary policy time consistent. Trigger strategies support the equilibrium: private agents retaliate if a policy maker defaults its plan to resume the gold standard.Time Consistency, Monetary Policy, Monetary Regimes.
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