Search results for " key"
showing 10 items of 409 documents
Households' Balance Sheets and the Effect of Fiscal Policy
2022
Using households' balance-sheet composition in the Panel Survey of Income Dynamics, we identify six household types. Since 1999, there has been a decline in the share of patient households and an increase in the share of impatient households with negative wealth. Using a six-agent New Keynesian model with search and matching frictions, we explore how changes in households' shares affect the transmission of government spending shocks. We show that the relative share of households in the left tail of the wealth distribution plays a key role in the aggregate marginal propensity to consume, the magnitude of fiscal multipliers, and the distributional consequences of government spending shocks. W…
Sticky-price models and the natural rate hypothesis
2005
Abstract A major criticism of standard specifications of price adjustment in models for monetary policy analysis is that they violate the natural rate hypothesis by allowing output to differ from potential in steady state. In this paper we estimate a dynamic optimizing business cycle model whose price-setting behavior satisfies the natural rate hypothesis. The price-adjustment specifications we consider are the sticky-information specification of Mankiw and Reis (Sticky information versus sticky prices: a proposal to replace the new Keynesian Phillips curve. Quarterly Journal of Economics 117, 1295–1328) and the indexed contracts of Christiano et al. (Nominal rigidities and the dynamic effe…
Pollution in strategic multilateral exchange: taxing emissions or trading on permit markets?
2022
We introduce polluting emissions in a sequential noncooperative oligopoly model of bilateral exchange. In one sector a leader and a follower use polluting technologies which create negative externalities on the payoffs of strategic traders who belong to the other sector. By modeling emissions as a negative externality, we show that the leader pollutes more (less) than the follower when strategies are substitutes (complements). Then, we consider the implementation of public policies to control the levels of emissions, namely two taxation mechanisms and a permit market. We study the effects of these public policies. Moreover, we determine the conditions under which these public policies can i…
Determinants of COVID-19 Vaccine Rollouts and Their Effects on Health Outcomes
2022
Background Vaccination against the coronavirus disease (SARS-CoV-2) is understood to be the key way out of the COVID-19 pandemic. Limited evidence exists on the determinants of vaccine rollouts and their health effects at the country level. Objective Examine the determinants of COVID-19 vaccine rollouts and their effects on health outcomes. Methods Ordinary least squares regressions with standard errors clustered at the country level for Cross-section and Panel daily data of vaccinations and various health outcomes (new COVID-19 cases, fatalities, intensive care unit (ICU) admissions) for an unbalanced sample of about 200 countries during the period 16 December 2020 to 20 June 2021. Results…
Applying Spring Security Framework with KeyCloak-Based OAuth2 to Protect Microservice Architecture APIs: A Case Study
2022
In this study, we implemented an integrated security solution with Spring Security and Keycloak open-access platform (SSK) to secure data collection and exchange over microservice architecture application programming interfaces (APIs). The adopted solution implemented the following security features: open authorization, multi-factor authentication, identity brokering, and user management to safeguard microservice APIs. Then, we extended the security solution with a virtual private network (VPN), Blowfish and crypt (Bcrypt) hash, encryption method, API key, network firewall, and secure socket layer (SSL) to build up a digital infrastructure. To accomplish and describe the adopted SSK solutio…
Money and the natural rate of interest: structural estimates for the United States and the Euro area
2008
We examine the role of money, allowing for three competing environments: the New Keynesian model with separable utility and static money demand; a non-separable utility variant with habit formation; and a version with adjustment costs for holding real balances. The last two variants imply forward-looking behavior of real money balances, as it is optimal for agents to allow their forecast of future interest rates to affect current portfolio decisions. We distinguish between these specifications by conducting a structural econometric analysis for the U.S. and the euro area. FIML estimates confirm the forward-looking character of money demand. Using these estimates we find that, in response to…
Oil filled MV/LV Power Transformer Behavior in Narrow Band Power Line Communication Systems
2012
The aim of this paper is to characterize oil-filled power transformers in the narrow-band power-line communication (PLC) frequency range of 50-150 kHz. A new model is proposed for such type of a transformer, in the aforementioned frequency range of interest, in order to study its influence on the signal transmission and to investigate the possibility that the PLC signal can cross the power transformer itself. The new model is simpler than those previously proposed in literature, and it can be used in the whole frequency range available for NB PLC according to the CENELEC EN 50065-1 A-band. In order to validate the model, simulation and measurement results are compared for four oil-filled po…
Engineering multi-agent systems: State of affairs and the road ahead
2019
International audience; The continuous integration of software-intensive systems together with the ever-increasing computing power offer a breeding ground for intelligent agents and multi-agent systems (MAS) more than ever before. Over the past two decades, a wide variety of languages, models, techniques and methodologies have been proposed to engineer agents and MAS. Despite this substantial body of knowledge and expertise, the systematic engineering of large-scale and open MAS still poses many challenges. Researchers and engineers still face fundamental questions regarding theories, architectures, languages, processes, and platforms for designing, implementing, running, maintaining, and e…
An FPGA-Based Software Defined Radio Platform for the 2.4GHz ISM Band
2006
A prototype of a Software Defined Radio (SDR) platform has been successfully designed and tested implementing a reconfigurable IEEE 802.11 and ZigBee receiver. The system exploits the reconfiguration capability of an FPGA for implementing a number of receiver configurations that share the same RF front-end. Configurations can be switched at run time, or can share the available logic and radio resource.
U.I.R.D.A. – Unbuilt Italian Rationalism Digital Archive
2018
For twenty years, the architecture of Italian rationalism through the digital modelling has been investigated. Very often, the production of a model and the consequent representation of tridimensional views, in many case studies, as outcome of the research on architecture have been considered. Actually, the digital model, intended as a critical tool, has to be conceived as a ‘starting point' for graphic analysis of architecture and not as the outcome. Indeed, it is associated to other graphics, sometimes not ‘deducted' from the model, useful for the understanding/translation of architecture. The construction of the model is not the construction of a simple image, operation, which is often c…