Search results for "E6"
showing 10 items of 100 documents
From the great depression to bretton woods: Jacob Viner and international monetary stabilization (1930-1945)
2009
This paper examines Jacob Viner's contribution to the debate and the policy decision-making concerning international monetary policy from the Great Depression to the Bretton Woods agreements. An outstanding member of the so-called 'early Chicago School of Political Economy', Viner was actively engaged in the debate over the causes and cures of the Depression, emphasizing the important role international economic problems played in producing its onset and in reinforcing its duration. During the 1930s Viner was an outspoken supporter of international monetary cooperation, set up to secure exchange rates stability, which he regarded as a paramount factor in restoring business confidence and fo…
Reversing land degradation through grasses: a systematic meta-analysis in the Indian tropics
2017
Abstract. Although intensive agriculture is necessary to sustain the world's growing population, accelerated soil erosion contributes to a decrease in the environmental health of ecosystems at local, regional and global scales. Reversing the process of land degradation using vegetative measures is of utmost importance in such ecosystems. The present study critically analyzes the effect of grasses in reversing the process of land degradation using a systematic review. The collected information was segregated under three different land use and land management situations. Meta-analysis was applied to test the hypothesis that the use of grasses reduces runoff and soil erosion. The effect of gra…
Fiscal Rules and Macroeconomic Stability
2005
In this paper we analyze the impact of fiscal rules on the effectiveness of fiscal policy as a macroeconomic stabilizing instrument. First, we review the available evidence on the effects of fiscal policy to affect output in the short run and real interest rates and investment and growth in the long run, and we show how the use of fiscal rules has proved useful in restraining debt and deficits. Secondly, we discuss if debt consolidation rules trade off higher output instability in exchange for lower deficits, using three alternative representations of the intertemporal substitution mechanism in a SDGE framework. Our main conclusion is that both the impact of discretionary fiscal policy and …
Instruments, rules, and household debt: the effects of fiscal policy
2015
In this paper, we look at the interplay between the level of household leverage in the economy and fiscal policy, the latter characterised by different combinations of instruments and rules. When the fiscal rule is defined on lump-sum transfers, government spending or consumption taxes, the impact multipliers of transitory fiscal shocks become substantially amplified in an environment of easy access to credit by impatient consumers, regardless of the primary instruments used. However, when the government reacts to debt deviations by raising distortionary taxes on income, labour or capital, the effects of household debt on the size of the impact output multipliers vanish or even reverse, no …
Formal Group Laws for Affine Kac-Moody groups and group quantization
1987
We describe a method for obtaining Formal Group Laws from the structure constants of Affine Kac-Moody groups and then apply a group manifold quantization procedure which permits construction of physical representations by using only canonical structures on the group. As an intermediate step we get an explicit expression for two-cocycles on Loop Groups. The programme is applied to the AffineSU(2) group.
Combined numerical and experimental study of microstructure and permeability in porous granular media
2020
<div> <div> <div> <p>Fluid flow on different scales is of interest for several Earth science disciplines like petrophysics, hydrogeology and volcanology. To parameterize fluid flow in large-scale numerical simulations (e.g. groundwater and volcanic systems), flow properties on the microscale need to be considered. For this purpose experimental and numerical investigations of flow through porous media over a wide range of porosities are necessary. In the present study we sinter glass bead media with various porosities, representing shallow depth crustal sediments. The microstructure, namely effective porosity …
Soil physical quality changes under different management systems after 10 years in the Argentine humid pampa
2015
Abstract. South American countries with the highest surface of land under no-tillage (NT) management are Brazil, Argentina and Chile. In Argentina, 78.5% of the agricultural land is cropped under NT management. Several experiments have confirmed the improvements in soil aggregation and infiltration achieved by NT management in dry-land farming areas associated with increases of bulk density (δb) under NT management. An increase in bulk density implies a reduction of the macro and mesoporosity that is in contradiction with the increased infiltration that occurs at macro and mesopores. We hypothesize that the increase of bulk density in NT management mainly affects the mesopores. We evaluated…
Deficit sustainability and inflation in EMU: An analysis from the Fiscal Theory of the Price Level
2007
Price determination theory typically focuses on the role of monetary policy, while the role of fiscal policy is usually neglected. From a different point of view, the Fiscal Theory of the Price Level takes into account monetary and fiscal policy interactions and assumes that fiscal policy may determine the price level, even if monetary authorities pursue an inflation targeting strategy. In this paper we try to test empirically whether the time path of the government budget in EMU countries would have affected price level determination. Our results point to the sustainability of fiscal policy in all the EMU countries but Finland, although no firm conclusions can be drawn about the prevalence…
Effects of Fiscal Stimulus in Structural Models
2010
The paper assesses, using seven structural models used heavily by policymaking institutions, the effectiveness of temporary fiscal stimulus. Models can, more easily than empirical studies, account for differences between fiscal instruments, for differences between structural characteristics of the economy, and for monetary-fiscal policy interactions. Findings are: (i) There is substantial agreement across models on the sizes of fiscal multipliers. (ii) The sizes of spending and targeted transfers multipliers are large. (iii) Fiscal policy is most effective if it has some persistence and if monetary policy accommodates it. (iv) The perception of permanent fiscal stimulus leads to significant…
p53 mutations are common in human papillomavirus type 38-positive non-melanoma skin cancers
2004
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