On the achievable rate of bandlimited continuous-time AWGN channels with 1-bit output quantization
We consider a real continuous-time bandlimited additive white Gaussian noise channel with 1-bit output quantization. On such a channel the information is carried by the temporal distances of the zero-crossings of the transmit signal.
Sandra Bender +2 more
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The Zero Lower Bound and Endogenous Uncertainty [PDF]
This paper examines the correlation between uncertainty and real GDP growth. We use the volatility of real GDP growth from a VAR, stock market volatility, survey-based forecast dispersion, and the index from Jurado et al. (2015) as proxies for uncertainty. In each case, a stronger negative correlation emerged in 2008.
Plante, Michael D. +2 more
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The Secular Stagnation Hypothes is and the Future of Europe’s Advanced Economies
The secular stagnation hypothesis originated in the late 1930s when Alvin Hansen proposed that the American economy will experience a prolonged depression because of the slowdown in demographics. Widely discussed in the aftermath of the Great Depression,
Artur F. Tomeczek
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Baryon asymmetry from Barrow entropy: theoretical predictions and observational constraints
We investigate the generation of baryon asymmetry from the corrections brought about in the Friedman equations due to Barrow entropy. In particular, by applying the gravity-thermodynamics conjecture one obtains extra terms in the Friedmann equations that
Giuseppe Gaetano Luciano +1 more
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The Cost of Overcoming the Zero Lower-Bound: A Welfare Analysis
To broaden the operational scope of monetary policy, several authors suggest cash abolition as an appropriate means of breaking through the zero lower-bound.
Gerhard Rösl +2 more
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Lecciones de la Gran Recesión para una economía pospandémica: los límites de la política monetaria
In this paper we present a response mechanism to the COVID-19 pandemic consistent with the previous empirical literature that emerged during the Great Recession, although not with the underlying ontology.
Esteban Cruz Hidalgo +3 more
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Monetary Policy Expectations at the Zero Lower Bound [PDF]
We show that conventional dynamic term structure models (DTSMs) estimated on recent U.S. data severely violate the zero lower bound (ZLB) on nominal interest rates and deliver poor forecasts of future short rates. In contrast, shadow‐rate DTSMs account for the ZLB by construction, capture the resulting distributional asymmetry of future short rates ...
Michael D. Bauer, Glenn D. Rudebusch
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The lower bound on interest rates and ways to overcome it
Expansionary monetary policy was traditionally thought to be restricted by the zero lower bound on nominal interest rates. Yet since 2014, some central banks, facing secular stagnation and deflationary traps, have pushed key policy rates below zero. This
Pia-Katharina Andres
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Term structure dynamics at low and negative interest rates—evidence from Switzerland
This paper studies the transmission of changes in short-term interest rates to longer-term government bond yields when interest rates are at very low levels or negative.
Christian Grisse, Silvio Schumacher
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Quantum dot scanning tunneling microscopy for Majorana bound states in continuum
We propose a device composed of a quantum dot (QD) connected to a normal metal lead to detect Majorana bound states (MBSs), which are formed at the ends of a topological superconductor nanowire (TSNW) and coupled to the lead with spin-dependent ...
Hai-Rui Zhang, Yong-Ping Sun
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