Economic developments in 1978

Economic development

What's happening in manufacturing: "survey says..."

In recent years, the Philadelphia Fed’s Business Outlook Survey (BOS) has received a great deal of attention from financial journalists and market participants. The monthly survey gathers information from manufacturers in the Third Federal Reserve District about current conditions at their plants and their expectations for the future. In this article, Mike Trebing evaluates whether the survey provides new information on short-term changes in the regional and national manufacturing sectorsFederal Reserve District, 3rd ; Manufactures

The economic consequences of wage-price guidelines

Wage-price policy ; Inflation (Finance)

What does the Philadelphia Fed's Business Outlook Survey say about local activity?

Economic indicators

Taking the measure of manufacturing

In "Taking the Measure of Manufacturing" Tim Schiller and Mike Trebing outline several of the most important surveys and indexes that track manufacturing, describe their similarities and differences, and discuss their usefulness in providing timely and accurate data on the sector.Manufactures

The new system of contemporaneous reserve requirements

Bank reserves ; Monetary policy

The value-added tax: a review of the issues

Taxation ; Value-added tax

The new bank capital adequacy standards

Bank capital ; Banks and banking

A Quantum Computing Approach for the Unit Commitment Problem

Planning energy production is a challenging task due to its cost-sensitivity, fast-moving energy markets, uncertainties in demand, and technical constraints of power plants. Thus, more complex models of this so-called \emph{unit commitment problem (UCP)} have to be solved more rapidly, a task that probably can be solved more efficiently via quantum computing. In this article, we model a UCP with minimum running and idle times as a quadratic unconstrained optimization problem to solve it on quantum computing hardware. First experiments confirm the advantages of our formulation in terms of qubit usage and connectivity and most importantly solution quality.Comment: Accepted at OR Proceedings 202