Search results for "Exchange"

Export Price Discrimination in Europe and Exchange Rates

2002

The paper studies pricing-to-market behavior on a wide range of disaggregated European Union exports to OECD countries. The sample allows better identification of products for which such behavior is pervasive. The results suggest that the degree of markup adjustment in response to exchange rate changes is similar across destination markets. The evidence of pricing-to-market across source countries ranges from 40% (Netherlands) to 63% (Germany) of the products in the sample, except for the United Kingdom, where there is remarkably little evidence of it. However, formal comparisons across source countries by product do not usually reveal differences in behavior.

The Macroeconomy after Tariffs

2021

Time-Varying Fundamentals of the Euro–Dollar Exchange Rate

2006

Abstract This study examines changes in the impact of the economic fundamentals on the euro–dollar exchange rate. First, the monetary model is augmented with the equity markets and the model is estimated in its structural form. Second, the time-varying impacts of the long-run fundamentals representing equilibrium in different markets on the euro–dollar exchange rate are examined using Kalman filtering. The time-varying structural model indicated that the relative importance of the different fundamentals was not equal and the impact of the fundamentals was time-dependent.

The Competiveness of the Spanish Regions

2009

Competitiveness is a widely popular concept, which has saved in practise, to denote efficient economic behaviour. The wide dissemination of the competitiveness ranking of countries published annually by the World Economic Forum of Davos (Switzerland), or the fact that the European Union defines some of the global problems, which affect the countries of the EU in terms of the competitiveness gap, have footered the use of this expression in the media. The use of the term to denominate some of the objectives of the European Regional policy has also contributed to extending the use of the expression, as well as the work of prestigious consultants, such as Michael Porter, in influential works, s…

Backwards Martingales and Exchangeability

2020

With many data acquisitions, such as telephone surveys, the order in which the data come does not matter. Mathematically, we say that a family of random variables is exchangeable if the joint distribution does not change under finite permutations. De Finetti’s structural theorem says that an infinite family of E-valued exchangeable random variables can be described by a two-stage experiment. At the first stage, a probability distribution Ξ on E is drawn at random. At the second stage, independent and identically distributed random variables with distribution Ξ are implemented.

Forward and backward diffusion approximations for haploid exchangeable population models

2001

Abstract The class of haploid population models with non-overlapping generations and fixed population size N is considered such that the family sizes ν1,…,νN within a generation are exchangeable random variables. A criterion for weak convergence in the Skorohod sense is established for a properly time- and space-scaled process counting the number of descendants forward in time. The generator A of the limit process X is constructed using the joint moments of the offspring variables ν1,…,νN. In particular, the Wright–Fisher diffusion with generator Af(x)= 1 2 x(1−x)f″(x) appears in the limit as the population size N tends to infinity if and only if the condition lim N→∞ E((ν 1 −1) 3 )/(N Var …

2p-shell admixtures in pion single charge exchange on 13C

1991

Abstract The pion charge exchange process 13 C (π + , π 0 ) 13 N(gs) is calculated with an extended nuclear wave function for the A=13 system that includes configurations outside the 1p-shell. A small amount of 2p-shell admixtures leads to an improved description of the experimental excitation function. We also find a strong sensitivity of the differential cross sections as well as asymmetry to contributions from higher shells.

Trigeneration and Polygeneration Configurations for Desalination and Other Beneficial Processes

2018

Abstract The integration of renewable energy sources (geothermal, biomass, and solar) and desalination systems into novel polygeneration plants is investigated. Two main arrangements are considered: geothermal (GP) and biomass (BP) polygeneration. Both systems include concentrating photovoltaic/thermal solar collectors, a multieffect distillation system for seawater desalination, a single-effect LiBr-H2O absorption chiller, storage tanks, heat exchangers, balance-of-plant devices; a biomass auxiliary heater and geothermal wells are also included, in BP and GP, respectively. The systems can provide electricity and hot water, used for space heating, cooling, domestic hot water production, and…

Thermal analysis and new insights to support decision making in retrofit and relaxation of heat exchanger networks

2011

International audience; Pinch analysis offers a rational framework for identifying energy saving targets and designing efficient heat recovery networks, especially in process industry. Several scientists have contributed to improve and automate the original pinch method over the last decades, increasing its capability to deal with a number of specific issues; the expertise of the analyst, however, remains determinant in achieving optimal results. In this paper a procedure for retrofit of existing networks is proposed, based on an integrate use of several techniques (either existing or innovative). The diagnosis of the existing network and of a "Minimum Energy Requirement" configuration emer…

Thermodynamic, Exergy, and Thermoeconomic analysis of Multiple Effect Distillation Processes

2018

Abstract Multiple effect distillation (MED) is nowadays the preferred technology for the construction of new plants based on thermal processes in the growing desalination market. MED technology, in fact, presents a number of advantages with respect to the more traditional multistage flash technology, among all the lower energy consumption achievable in MED plants. However, a large potential for improvement in terms of lowering production costs still exists, which stimulates further efforts on process optimization from companies and researchers involved in the field. Thermodynamic and exergy analysis provides useful insights regarding the identification of main inefficiencies and the margins…