Search results for "Series"
showing 10 items of 1193 documents
Real wages-employment relationship in Finnish manufacturing: a VAR approach
1991
Granger's concept of causality and the vector autoregressive(VAR) technique is used to investigate the real wages-employment relationship in Finnish manufacturing. The stationarity of the time series is examined and a number of co-integration tests for the adequacy of a pure VAR specification performed. The results using a bivariate VAR model based on a lag structure determined by Akaike's information criterion suggests that real wages Granger-cause employment. The slight non-constancy of the model suggests, however, that the conclusion concerning the nature of the real wages-emploment relationship should be treated with causion.
Testing the stationarity of interest rates using a SUR approach
1998
Abstract Using data on average yields to maturity of German bonds with different time to maturity it is shown that the time series contain a unit root if the standard augmented Dickey–Fuller test is applied separately to each series. To improve the power of the test we carried out a recently developed approach, estimating the regressions for each time to maturity jointly using a seemingly unrelated regressions approach.
Nonlinear GARCH models for highly persistent volatility
2005
In this paper we study new nonlinear GARCH models mainly designed for time series with highly persistent volatility. For such series, conventional GARCH models have often proved unsatisfactory because they tend to exaggerate volatility persistence and exhibit poor forecasting ability. Our main emphasis is on models that are similar to previously introduced smooth transition GARCH models except for the novel feature that a lagged value of conditional variance is used as the transition variable. This choice of the transition variable corresponds to the idea that high persistence in conditional variance is related to relatively infrequent changes in regime. U sing the theory of Markov chains 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…
Lobster reserves as a management tool in coastal waters: Two decades of experience in Norway
2022
9 pages, 4 figures.-- Under a Creative Commons license
Trends and Breaks in Per-Capita Carbon Dioxide Emissions, 1870-2028
2004
We consider per-capita carbon dioxide emission trends in 16 early industrialized countries over the period 1870-2028. Using a multiple-break time series method we find more evidence for very early downturns in per-capita trends than for late downturns during the oil price shocks of the 1970s. Only for two countries do downturns in trends imply downward sloping stable trends. We also consider trends in emission composition and find little evidence for in-sample peaks for emissions from liquid and gaseous fuel uses. These results lead us to reject the oil price shocks as events causing permanent breaks in the structure and level of emissions, a conclusion often made in analyses using shorter …
A method of variation of boundaries for waveguide grating couplers
2008
We describe a method for calculating the solution of the electromagnetic field in a non-rectilinear open waveguide by using a series expansion, starting from the field of a rectilinear waveguide. Our approach is based on a method of variation of boundaries. We prove that the obtained series expansion converges and we provide a radiation condition at infinity in such a way that the problem has a unique solution. Our approach can model several kinds of optical devices which are used in optical integrated circuits. Numerical examples will be shown for the case of finite aperiodic waveguide grating couplers.
Experimental Stark broadening studies of the CI transition 3s 1 P 1o − 3p 1 S 0 at 833.5 nm
2011
AbstractExperimental Stark broadening studies of the infrared CI transition 3s 1 P 1o − 3p 1 S 0 at 833.5 nm are reported for the first time. A high-current wall-stabilized arc, operated in a mixture of helium, argon, carbon dioxide and hydrogen, was applied as the plasma source. Radiation emitted from homogeneous and optically thin plasma layers was analyzed. Stark broadening studies of the selected CI transition and the hydrogen Balmer β line were performed. As expected from theoretical considerations, the CI line width depends linearly on the electron density of the plasma. Applying theoretical Stark broadening data for the Hgb line, the measured Stark widths of the CI line were calibrat…
Linear and nonlinear optical properties of a series of Ni-dithiolene derivatives
2009
Some linear and nonlinear optical (NLO) properties of Ni(SCH)4 and several of its derivatives have been computed by employing a series of basis sets and a hierarchy of methods (e.g., HF, DFT, coupled cluster, and multiconfigurational techniques). The electronic structure of Ni(SCH)4 has been also analyzed by using CASSCF/CASPT2, ab initio valence bond, and DFT methods. In particular we discuss how the diradicaloid character (DC) of Ni(SCH)4 significantly affects its NLO properties. The quasidegeneracy of the two lowest-energy singlet states 1 mathg and 1 math1u, the clear DC nature of the former, and the very large number of low-lying states enhance the NLO properties values. These particul…
Cognitive performance and emotion are indifferent to ambient color
2017
Folklore has it that ambient color has the power to relax or arouse the observer and enhance performance when executing cognitive tasks. We picked a number of commercially available colors that allegedly have the power to alter cognitive performance and the emotional state, and exposed subjects to them while solving a battery of cognitive tasks. The colors were “Cool Down Pink”, which is said to produce relaxing effects and reduce effort, “Energy Red”, allegedly enhancing performance via increased arousal, “Relaxing Blue”, which is said to enhance attention and concentration, as well as white as a control. In a between-subjects design, a total of 170 high school students carried out five ta…