Search results for "Interest"
showing 10 items of 624 documents
Stock market information and the relationship between real exchange rate and real interest rates
2013
In this paper we propose to augment the traditional relationship between real exchange rates and real interest rates (RERI) by adding the stock market equilibrium condition to it. We introduce the relative dividend yield as the new information variable. In the empirical analysis we use recent monthly observations from the U.K., Japan, Canada and Eurozone, all relative to the U.S. We show that the introduction of stock market information is highly relevant for the functioning of the RERI hypothesis. Based on the results from the cointegration analysis the role of relative stock market performance is especially important in the short- term (3 month) horizon, where the augmented RERI represent…
Investigación en la escuela
2011
La realización de experiencias de interacción directa con aspectos concretos de la realidad resulta imprescindible cuando se pretende lograr cambios profundos en actitudes y comportamientos, como los que persigue la educación para la sostenibilidad. Para dichos cambios no bastan, sin embargo, algunas experiencias escolares (dentro o fuera del aula) favorecedoras de las adquisiciones conceptuales y procedimentales: se precisa la participación en acciones reales. La Educación para la Sostenibilidad aparece así como una dimensión que a la vez exige y propicia la implicación de los estudiantes en acciones reales como forma particularmente eficaz de “aprender con experiencias”. Este trabajo pret…
Combined Effects of 50 Hz Electromagnetic Field and SiO2 Nanoparticles on Oxidative Stress in Plant’s Gametic Cells / Zemfrekvences (50 Hz) Elekromag…
2015
Abstract The paper presents the results of combined effects of an extremely low frequency electromagnetic field (50 Hz) (ELF EMF) and SiO2 nanoparticles on fluorescence of plant gametic cells (immature microspores). The data were recorded by a BD FACSJazz® cell sorter after cell irradiation by blue laser (488 nm). A significant difference of fluorescence was observed between gametic cells after 1 hour incubation in suspension of SiO2 nanoparticles and the control gametic cells. It was observed that fluorescence intensity of gametic cell was higher with ELF EMF treatment in comparison to control cells, but it was statistically significant only for cells treated with electromagnetic radiation…
Credit Demand and Supply Shocks in Italy During the Great Recession
2018
In this paper, we use Structural VAR analysis to disentangle credit demand and supply shocks and their eFFect on real economic activity in Italy during the 2008-2014 crisis period. The three endogenous variables considered are the loan interest rate, the loans growth rate and the employment to population ratio. The data are observed at annual frequency for each of 103 Italian provinces. The structural shocks are identified through heteroscedasticity, by letting the variance of the shocks to switch across four Italian macro-regions: North, Centre, South and Islands. Sign restrictions are used to interpret ex post the structural shocks. The empirical findings suggest a more important role of …
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…
The New Consensus and Post-Keynesian Interest Rate Policy.
2007
Abstract This paper outlines the fundamental arguments of the New Consensus, critiques it from a Post-Keynesian perspective, and offers a Post-Keynesian alternative to the Taylor Rule. While Post-Keynesian economics provides a theory of endogenous money with exogenous interest rates, it has no clear description of a central bank reaction function. We attempt to remedy this oversight by identifying some of the difficulties attached to developing a Post-Keynesian reaction function, and suggesting an approach to the setting of interest rates that is more consistent than the Taylor Rule with Keynes's General Theory.
When industry and academia meet: the development of a robotized semiautomatic motorcycle transmission
2017
Abstract The development of the business - industry environment is unconceivable without the involvement of academia. On one hand, the universities can provide new perspectives and know-how which can be further translated into exquisite products and services for companies. On the other hand, the business environment can raise practical problems and challenges for academia, providing in the same time material support for finding solutions to these problems. This paper presents a successful partnership between business and academia materialized in the development of a robotized semiautomatic motorcycle transmission. Since the solutions existing on the market did not meet the specific requirem…
Teaching methodology for Design for Six Sigma and Quality techniques – an approach that combines theory and practice
2017
Abstract Quality techniques and Design for Six Sigma methodology are complex areas that need to be understood through correlation of theoretical and practical teaching. Universities started to apply different approaches for achieving better results, on building greater knowledge and skills for their students. The paper presents a methodology of teaching quality techniques and DFSS methodology, an approach that is focused on understanding the concepts through technical examples from industry and applying the knowledge within a project. A model is proposed for teaching Design for Six Sigma methodology through a workshop done in the classroom. The students are split into groups and will practi…
Academia-industry Collaboration for Augmented Reality Application Development
2019
Abstract Due to our previous experience in AR development, with this research project we propose to study how Augmented Reality (AR) can be adopted by an industrial partner and which are the major outcomes from which a company may benefit. For this purpose, we partnered with a forward-looking company willing to embrace the idea of implementing new technologies for industrial purposes. In this research we identified that the most significant impact which AR may have for our industrial partner is in providing remote assistance and for product exploitation and marketing purposes. For the latest we developed a customized AR application which is currently available on Apple’s App Store. By analy…
Engineering creativity support for future research and development
2017
Abstract The human abilities to use nature’s materials and force to their benefit, by means of engineering applications has made the human development possible. Multiple factors have influenced the human development, sometimes accelerating it, other times slowing it down to annulation. Although it is known and accepted that creativity’s role is essential in engineering performances, the neglecting of creativity in engineering education is not understood. The graduates from Anglo-Saxon countries and Europe reduced creative potential and the lack of necessary abilities concerning the solving of the companies’ problems have been emphasized by specialists in education and governmental reports r…