10,631 research outputs found

    Limited Visibility and Uncertainty Aware Motion Planning for Automated Driving

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    Adverse weather conditions and occlusions in urban environments result in impaired perception. The uncertainties are handled in different modules of an automated vehicle, ranging from sensor level over situation prediction until motion planning. This paper focuses on motion planning given an uncertain environment model with occlusions. We present a method to remain collision free for the worst-case evolution of the given scene. We define criteria that measure the available margins to a collision while considering visibility and interactions, and consequently integrate conditions that apply these criteria into an optimization-based motion planner. We show the generality of our method by validating it in several distinct urban scenarios

    Asymmetric Information, Stock Returns and Monetary Policy: A Theoretical and Empirical Analysis

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    It is known that stock returns are affected by monetary policy. This paper theoretically and empirically investigates whether asymmetric information between the Federal Reserve and the public causes the relation between stock returns and monetary policy actions. The paper concludes that asymmetric information between the Federal Reserve and the public is one of the reasons of effects of monetary policy actions on stock returns. A Kalman filter algorithm is constructed to analyze the information and learning dynamics between the Federal Reserve and a representative investor. Stock prices react to monetary policy actions because monetary policy actions reveal the private information that the Fed has about future inflation and output. Investors update their expectations after observing the Fed's actions and that produces a change in stock returns. The findings of the model are empirically investigated using VAR and impulse responses verify the theoretical findingsAsymmetric Information, Monetary Policy, Stock Returns, Kalman Filter, Learning

    Gender Equality in the US Labor Markets in the "Great Recession" of 2007-2010

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    The "Great Recession" of 2007-2009, the worst economic downturn faced by the U.S. economy since the Great Depression, has also come to be known as the "Great Man-cession" in that job loss hit males harder than females. By contrast, this paper argues that the "man-cession" story is far too simple. Using a broad range of indicators from the Current Population Survey (CPS) and taking a historical perspective, we show that several demographic groups have been especially hard hit by the recession, including African American males and females, Hispanic males and females, young females, and families maintained by single women. In addition, the gender gap in unemployment is much smaller once underemployed and marginally attached workers are counted. Data from the Current Employment Statistics cast further doubt on the man-cession story, indicating that women lost over 10 times more jobs in the current recession than in the previous two recessions compared to men, who lost 2.3 times more jobs. Following this review of the trends, the paper surveys federal and state government responses to the needs of workers hardest hit by the recession and concludes that "man-cession" label has led to misidentification of the most vulnerable groups who should be the explicit beneficiaries of economic recovery policies.Great Recession, men-cession, unemployment, gender, US labor market JEL Codes: J11, J16, J21
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