Results 81 to 90 of about 76,470 (160)
Monetary and Macroprudential Policies under Dollar‐Denominated Foreign Debt
Abstract This paper studies monetary and macroprudential policies in a small open economy that borrows from abroad in foreign currency. The model features a novel mechanism in which exchange rate depreciation triggered by a borrowing constraint is amplified through balance of payments adjustments, increasing the real burden of foreign debt and causing ...
HIDEHIKO MATSUMOTO
wiley +1 more source
Policy Biases in a Model with Labor‐Market Frictions
Abstract We develop a model with labor‐market matching frictions that is subject to a range of shocks, including shocks to matching efficiency and bargaining power, and use the model to examine how monetary policy should respond to such shocks. We show that optimal monetary policy responds effectively to these shocks, producing economic outcomes that ...
RICHARD DENNIS, TATIANA KIRSANOVA
wiley +1 more source
Model Ambiguity versus Model Misspecification in Dynamic Portfolio Choice
ABSTRACT We study aversion to model ambiguity and misspecification in dynamic portfolio choice. Risk‐averse investors (relative risk aversion γ>1$\gamma > 1$) fear return persistence, while risk‐tolerant investors (0<γ<1$0<\gamma <1$) fear mean reversion, when confronting model misspecification concerns of identically and independently distributed (IID)
PASCAL J. MAENHOUT +2 more
wiley +1 more source
Isoperimetric inequalities on slabs with applications to cubes and Gaussian slabs
Abstract We study isoperimetric inequalities on “slabs”, namely weighted Riemannian manifolds obtained as the product of the uniform measure on a finite length interval with a codimension‐one base. As our two main applications, we consider the case when the base is the flat torus R2/2Z2$\mathbb {R}^2 / 2 \mathbb {Z}^2$ and the standard Gaussian measure
Emanuel Milman
wiley +1 more source
Finite Element Modeling of a Thermoplastic Polyurethane Ball for Rolling Seismic Isolation
ABSTRACT The Elastomeric‐Ball Pendulum (EBP) system, which consists of an elastomeric ball rolling on a spherical concrete surface, has been proposed as an isolation system for lightweight structures. Experimental tests have shown that the mechanics of such a rolling ball are remarkably complicated because the vertical load changes the shape of the ...
Sergio I. Reyes +2 more
wiley +1 more source
Image Restoration using a Nonlinear Second-order Parabolic PDE-based Scheme
A novel anisotropic diffusion-based image denoising and restoration approach is proposed in this paper. A variational model for image restoration is introduced first, then the corresponding Euler-Lagrange equation being determined.
Barbu Tudor, Moroşanu Costică
doaj +1 more source
The proposed work implements a direct flux reconstruction method for spatial discretization and a stiffness‐resilient exponential time integration method for temporal discretization on the cube‐sphere grid. A space‐time tensor formalism is employed to provide a general representation in any curvilinear coordinate system. This combination enables highly
Stéphane Gaudreault +6 more
wiley +1 more source
Data‐Based Refinement of Parametric Uncertainty Descriptions
ABSTRACT We consider dynamical systems with a linear fractional representation involving parametric uncertainties which are either constant or varying with time. Given a finite‐horizon input‐state or input‐output trajectory of such a system, we propose a numerical scheme which iteratively improves the available knowledge about the involved constant ...
Tobias Holicki, Carsten W. Scherer
wiley +1 more source
Deformation minimal bending of compact manifolds: case of simple closed curves [PDF]
The problem of minimal distortion bending of smooth compact embedded connected Riemannian \(n\)-manifolds \(M\) and \(N\) without boundary is made precise by defining a deformation energy functional \(\Phi\) on the set of diffeomorphisms \(\text{Diff}(M ...
Oksana Bihun, Carmen Chicone
doaj
Homogeneous Observer‐Based Affine Formation Tracking
ABSTRACT This article addresses the control of mobile agents, termed followers, to track a time‐varying affine formation specified by a set of leaders. We present a distributed hierarchical method composed of a homogeneous high‐order sliding mode observer and a tracking controller. The observer estimates the followers' target trajectories from neighbor
Rodrigo Aldana‐López +3 more
wiley +1 more source

