Debt Spillovers in a Monetary Union: A Novel Rationale for Central Bank Independence
Central bank independence has been championed on the grounds that it avoids political business cycles, the time-inconsistency problem of discretionary monetary policy, and political conflicts.
Campoy Juan Cristóbal+1 more
doaj +1 more source
The impact of antiretroviral therapy on adult mortality in rural Tanzania. [PDF]
OBJECTIVE: To describe the impact of antiretroviral therapy (ART) on mortality rates among adults participating in an HIV community cohort study in north-west Tanzania.
Changalucha, John+12 more
core +1 more source
Matter from Toric Geometry [PDF]
We present an algorithm for obtaining the matter content of effective six-dimensional theories resulting from compactification of F-theory on elliptic Calabi-Yau threefolds which are hypersurfaces in toric varieties.
Eugene Perevalov+13 more
core +2 more sources
Examining the effect of credit on monetary policy with Markov regime switching: Evidence from Turkey
This paper analyses the effect of credit on monetary policy responses for different regimes in Turkey. To do so, the Taylor rule augmented with the credit gap is estimated by using a Markov regime switching model from January 2006 to December 2019.
İlhan Ali
doaj +1 more source
Influence of compressibility on scaling regimes of strongly anisotropic fully developed turbulence [PDF]
Statistical model of strongly anisotropic fully developed turbulence of the weakly compressible fluid is considered by means of the field theoretic renormalization group. The corrections due to compressibility to the infrared form of the kinetic energy spectrum have been calculated in the leading order in Mach number expansion.
arxiv +1 more source
Growth prospects, the natural interest rate, and monetary policy
The recovery from the Global Financial Crisis was characterized by sluggish output growth and by inflation remaining persistently below the inflation targets of central banks in many advanced economies despite an unprecedented monetary expansion.
Fiedler Salomon+3 more
doaj +1 more source
A coil-globule transition of a semiflexible polymer driven by the addition of spherical particles [PDF]
The phase behaviour of a single large semiflexible polymer immersed in a suspension of spherical particles is studied. All interactions are simple excluded volume interactions and the diameter of the spherical particles is an order of magnitude larger than the diameter of the polymer.
arxiv +1 more source
Graphical representations and cluster algorithms for critical points with fields [PDF]
A two-replica graphical representation and associated cluster algorithm is described that is applicable to ferromagnetic Ising systems with arbitrary fields. Critical points are associated with the percolation threshold of the graphical representation. Results from numerical simulations of the Ising model in a staggered field are presented. The dynamic
arxiv +1 more source
Optimal Policy Intervention and the Social Value of Public Information [PDF]
Svensson (2006) argues that Morris and Shin (2002) is, contrary to what is claimed, pro-transparency. This paper reexamines the issue but with an important modification to the original Morris and Shin framework.
Jonathan G. James, Phillip Lawler
core +2 more sources
The effective potential, critical point scaling and the renormalization group [PDF]
The desirability of evaluating the effective potential in field theories near a phase transition has been recognized in a number of different areas. We show that recent Monte Carlo simulations for the probability distribution for the order parameter in an equilibrium Ising system, when combined with low-order renormalization group results for an ...
arxiv +1 more source