Thermal insulation blanket material

A study was conducted to provide a tailorable advanced blanket insulation based on a woven design having an integrally woven core structure. A highly pure quartz yarn was selected for weaving and the cells formed were filled with a microquartz felt insulation

Central banks, trade unions and reputation - is there room for an expansionist manoeuvre in the European Union?

It is now a few years since the introduction of the common currency, and Europe is still experiencing high unemployment. The conventional logic attributes this problem to strong trade unions and other flaws in the labour market. This article takes a different approach. Using a game theoretic model we look at the changes that occur if trade unions and the central bank have different options to choose from in a climate of uncertainty. In a singlestage game the most probable outcome is a high unemployment rate as high as the NAIRU. However, there is also a slight chance that a central bank might take the risk associated with employment expansion (if trade unions cooperate the risk pays off). Moreover, results change dramatically if the game is repeated. This allows for effects on the trade union's reputation. It can be shown that this, in turn, improves the likelihood of employment expansion. --Monetary Policy,labour unions,reputation building,employment,EMU

How does Institutional Setting Affect the Impact of EU Structural Funds on Economic Cohesion? New Evidence from Central and Eastern Europe

Structural Funds are the main instrument of the EU cohesion policy. Their effective use is subject to an ongoing debate in political and scientific circles. European fiscal assistance under this heading should promote economic and social cohesion in the member states of the European Union. Recently, the domestic institutional capacity to absorb, to distribute and to invest Structural Funds effectively has become a crucial determinant of the cohesion process and has attracted attention of the scientific community. The aim of this study is to shed light on the effectiveness of Structural Funds in the countries of the first Central and Eastern European enlargement round in 2004. Using regional data for these countries, we have a look on the impact of several institutional governance variables on the effectiveness of Structural Funds. In the interpretation of results, reference is made to regional economics. Results of the empirical analysis indicate an influence of certain institutional variables on the effectiveness of Structural Funds in the new member states.EU cohesion policy, Structural Funds, institutional setting, EU new member states

Central Banks, Trade Unions and Reputation – Is there Room for an Expansionist Manoeuvre in the European Union?

It is now a few years since the introduction of the common currency, and Europe is still experiencing high unemployment. The conventional logic attributes this problem to strong trade unions and other flaws in the labour market. This article takes a different approach. Using a game theoretic model we look at the changes that occur if trade unions and the central bank have different options to choose from in a climate of uncertainty. In a singlestage game the most probable outcome is a high unemployment rate as high as the NAIRU. However, there is also a slight chance that a central bank might take the risk associated with employment expansion (if trade unions cooperate the risk pays off). Moreover, results change dramatically if the game is repeated. This allows for effects on the trade union’s reputation. It can be shown that this, in turn, improves the likelihood of employment expansion.Central Bank, Reputation, Trade Unions

Fiscal Spending Multiplier Calculations based on Input-Output Tables – with an Application to EU Members

Fiscal spending multiplier calculations have been revived in the aftermath of the global financial crisis. Much of the current literature is based on VAR estimation methods and DSGE models. The aim of this paper is not a further deepening of this literature but rather to implement a calculation method of multipliers which is suitable for open economies like EU member states. To this end, Input-Output tables are used as by this means the import intake of domestic demand components can be isolated in order to get an appropriate base for the calculation of the relevant import quotas. The difference of this method is substantial – on average the calculated multipliers are 15% higher than the conventional GDP fiscal spending multiplier for EU members. Multipliers for specific spending categories are comparably high, ranging between 1.4 and 1.8 for many members of the EU. GDP drops due to budget consolidation might therefore be substantial if monetary policy is not able to react in an expansionary manner.fiscal spending multiplier calculation, Input-Output calculus, income-expenditure model, European Union, stimulus, consolidation

Generating random networks with given degree-degree correlations and degree-dependent clustering

Random networks are widely used to model complex networks and research their properties. In order to get a good approximation of complex networks encountered in various disciplines of science, the ability to tune various statistical properties of random networks is very important. In this manuscript we present an algorithm which is able to construct arbitrarily degree-degree correlated networks with adjustable degree-dependent clustering. We verify the algorithm by using empirical networks as input and describe additionally a simple way to fix a degree-dependent clustering function if degree-degree correlations are given.Comment: 4 pages, 3 figure

Bordering the EU: Istanbul as a Hotspot for Transnational Migration

In the context of Turkey’s accession to the EU, the issue of potential migration from Turkey and its impact upon European labor markets became one of the concerns of the EU, considering Turkey’s growing population and young labor force. In 2011, half a century after the bi-lateral agreement between Turkey and Germany on labor recruitment in 1961, migration plays a key role in relations of Turkey with the EU and will even increase its significance – not necessarily for the next fifty years but certainly for the next decade. This book touches upon various aspects of the ongoing debate about the effects of Turkey’s accession to the EU upon the migration flows and sheds light on various dimensions of current panorama, addresses policy implications as well as future challenges and opportunities.In the context of Turkey’s accession to the EU, the issue of potential migration from Turkey and its impact upon European labor markets became one of the concerns of the EU, considering Turkey’s growing population and young labor force. In 2011, half a century after the bi-lateral agreement between Turkey and Germany on labor recruitment in 1961, migration plays a key role in relations of Turkey with the EU and will even increase its significance – not necessarily for the next fifty years but certainly for the next decade. This book touches upon various aspects of the ongoing debate about the effects of Turkey’s accession to the EU upon the migration flows and sheds light on various dimensions of current panorama, addresses policy implications as well as future challenges and opportunities