Search results for " rule"

Aldrich, Banished Potentates: Dethroning and Exiling Indigenous Monarchs under British and French Colonial Rule, 1815-1955 (Manchester University Pre…

2018

Review of Robert Aldrich, Banished Potentates: Dethroning and Exiling indigenous Monarchs under British and French Colonial Rule, 1815-1955 (Manchester: Manchester University Press, 2018).

A Tale of Two Re-branded Cities: Riga, Latvia and Aarhus, Denmark

2016

Abstract This study shows how Riga and Arhus identified, formulated and communicated city re-branding. Our analysis concentrates on resident responses to city re-branding and how such responses could force the municipalities to withdraw their re-branding. A city loses its identity if it is globalized. In the Riga and Aarhus cases, the municipalities tried to find a global voice, which contradicted local traditions; and in both cases, the redefinition of city image took place top-down and not bottom-up. The two cases may not prove to be a golden rule, but should be a warning against rash city re-branding decisions made by municipalities.

Human Rights in China, Domestic Resources, Domestic Resistances. Law, Market and Culture in the Chinese Human Rights Discourse.

2015

Continuous spectrum for a two phase eigenvalue problem with an indefinite and unbounded potential

2020

Abstract We consider a two phase eigenvalue problem driven by the ( p , q ) -Laplacian plus an indefinite and unbounded potential, and Robin boundary condition. Using a modification of the Nehari manifold method, we show that there exists a nontrivial open interval I ⊆ R such that every λ ∈ I is an eigenvalue with positive eigenfunctions. When we impose additional regularity conditions on the potential function and the boundary coefficient, we show that we have smooth eigenfunctions.

How does monetary policy respond to the dynamics of the shadow banking sector?

2020

We investigate the response of the central bank to the change in size of non-bank financial intermediaries. Using quarterly data for the U.S. over the period 1946:Q1-2016Q4, we find that when faced with an increase in the asset growth of the securities' brokers and dealers and the shadow banking sector, the monetary authority reacts by raising the short-term nominal interest rate. This response is stronger in the case of sharp variation in the size of the balance sheet of nonbank financial intermediaries. From a policy perspective, our study suggests that an extended version of the original Taylor rule - embedding both price stability and financial stability concerns – provides a good chara…

Some new results on interest rate rules in EMU and in the US

2000

Abstract This paper offers two new results on interest rate rules. First, we show that the empirical evidence from 1970 onwards for the US is compatible with a Taylor rule when we consider the possibility of changes in the inflation target and in the real interest rate. Second, recursive estimates of a forward-looking version of the Taylor rule for EMU confirm an increasing weight for inflation in the area, possibly as a consequence of the EMS, and, furthermore, a convergence in the nineties to the German value observed for the whole period. This process has coincided with an important reduction in the deviation of inflation across EMU countries. The results also show that credibility probl…

The Taylor Rule and the Practice of Central Banking

2010

The Taylor rule has revolutionized the way many policymakers at central banks think about monetary policy. It has framed policy actions as a systematic response to incoming information about economic conditions, as opposed to a period-by-period optimization problem. It has emphasized the importance of adjusting policy rates more than one-for-one in response to an increase in inflation. And, various versions of the Taylor rule have been incorporated into macroeconomic models that are used at central banks to understand and forecast the economy. ; This paper examines how the Taylor rule is used as an input in monetary policy deliberations and decision-making at central banks. The paper charac…

A Small Forward-Looking Macroeconomic Model for EMU

2001

In this paper we estimate a small forward-looking macroeconomic model for EMU which allows us to analyze the transmission mechanism of the monetary policy implemented by the European Central Bank through an interest rate rule that stabilizes inflation and output. The estimation of this model, which comprises forward-looking versions of the IS and the Phillips curves as well as the interest rate rule, is conducted by GMM using quarterly data from 1986 to 2000. We find that this simple model matches the dynamic properties of the output gap, inflation and the interest rate in EMU quite accurately. We also perform several exercises that show the response of output, inflation and interest rates …

Analysis and design of sequencing rules for car sequencing

2009

Abstract This paper presents novel approaches for generating sequencing rules for the car sequencing (CS) problem in cases of two and multiple processing times per station. The CS problem decides on the succession of different car models launched down a mixed-model assembly line. It aims to avoid work overloads at the stations of the line by applying so-called sequencing rules, which restrict the maximum occurrence of labor-intensive options in a subsequence of a certain length. Thus to successfully avoid work overloads, suitable sequencing rules are essential. The paper shows that the only existing rule generation approach leads to sequencing rules which misclassify feasible sequences. We …

Combining OWL ontologies usingE-Connections

2006

The standardization of the Web Ontology Language (OWL) leaves (at least) two crucial issues for Web-based ontologies unsatisfactorily resolved, namely how to represent and reason with multiple distinct, but linked ontologies, and how to enable effective knowledge reuse and sharing on the Semantic Web. In this paper, we present a solution for these fundamental problems based on E-Connections. We aim to use E-Connections to provide modelers with suitable means for developing Web ontologies in a modular way and to provide an alternative to the owl:imports construct. With such motivation, we present in this paper a syntactic and semantic extension of the Web Ontology language that covers E-Conn…