718 research outputs found

    The macroeconomics of the public sector deficit : the case of Morocco

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    This paper tries to uncover the reasons underlying the performance of the Moroccan economy. The author argues that wage moderation and judicious monetary policies were instrumental in restraining inflation. With one brief exception in 1983, monetary authorities remained firmly committed to eschew any inflationary financing of the budget deficit. This strategy could only succeed however because of the wide ranging system of credit and monetary regulations which worked to channel domestic funds toward the Treasury at relatively low costs. The prospects for the continuation of such a strategy are not favourable however. As far as the growth performance is concerned, it appears that it can be attributed to an outstanding export response to the new trade regime on the one hand and a set of favourable supply shocks, including a string of recordagricultural harvests and the collapse of real oil prices, on the other. The paper studies the evolution of the budget and its different components and argues that the reluctance by Morocco's policy makers to monetize existing budget deficits is well explained by the sharply unfavourable trade-offs between higher monetization and inflation existing in Morocco. It analyzes the implications that continuing budgetary disequilibria has on investment and saving decisions and finds that such implications may be substantial, even though they may not work their way exclusively through traditional interest rates channels.Economic Theory&Research,Environmental Economics&Policies,Banks&Banking Reform,Public Sector Economics&Finance,Financial Intermediation

    Catalog Of The Nineteenth-Century British Brass Instruments In The Arne B. Larson Collection Of Musical Instruments.

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    I t is the purpose o f th is d issertation to present the resu lts of a detailed examination made by th is author of fo rty -th re e nineteenthcentury B ritish brass instruments from the C ollection — s lid e trumpets, a hand horn, keyed bugles, an ophicleide, an a l t horn, cornopeans, cornets, a trumpet, a flugelhorn, a French horn, a lto horns, tenor horns, trombones, and tubas — made by the leading nineteenth-century B ritis h makers: Besson, B ilto n , Boosey, G a rre tt, Grayson, Higham, Kohler, M e tzle r, Pace, and R iviere & Hawkes

    Commodity risk management and development

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    In 1995, 57 countries depended on three commodities for more than half their exports, reports UNCTAD. And commodities, fuels, grains, and oilseeds are important imports for several countries. The notorious volatility of commodity prices is a major source of instability and uncertainty in commodity-dependent countries, affecting governments, producers (farmers), traders, processors, and financial institutions. Further, commodity price instability has a negative impact on economic growth, income distribution, and poverty alleviation. Early attempts to deal with commodity price volatility relied on buffer stocks, buffer funds, government intervention in commodity markets, and international commodity agreements to stabilize prices. These were largely unsuccessful--sometimes spectacularly so. Buffer funds went bankrupt, commodity agreements were suspended, buffer stocks proved ineffective, and government intervention was both costlyand ineffective. As the poor performance of such stabilization schemes became more evident, academics and policymakers began distinguishing between programs that tried to alter price distribution (domestically or internationally) and programs that used market-based approaches for dealing with market uncertainty. This change in approach coincided with a significant rise in the use of market-based commodity risk management instruments--aided by the liberalization of markets, the lowering of trade and capital control barriers, and the globalization of commodity markets. by the mid-1990s, several governments, state companies, and private sector participants began using commodity derivatives markets to hedge their commodity price risks. Participation in those markets is growing, but important barriers to access remain including counterparty risk, problems small groups (such as farmers) have aggregating risks, basis risks (no correlation of local and international prices), no local reference prices, low liquidity, no derivatives markets for certain products, and low levels of know-how. International institutions, local governments, and the private sector could facilitate developing countries access to derivatives markets and the use of risk management tools to solve public sector problems.Economic Theory&Research,Payment Systems&Infrastructure,Environmental Economics&Policies,Markets and Market Access,Labor Policies,Health Economics&Finance,Insurance&Risk Mitigation,Environmental Economics&Policies,Access to Markets,Markets and Market Access

    Small but Mighty: An Update on Small Molecule Plant Cellulose Biosynthesis Inhibitors

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    This is a pre-copyedited, author-produced version of an article accepted for publication in Plant & Cell Physiology following peer review. The version of record Larson, Raegan T., and Heather E. McFarlane. "Small but mighty: an update on small molecule plant cellulose biosynthesis inhibitors." Plant and Cell Physiology 62, no. 12 (2021): 1828-1838. is available online at: https://doi.org/10.1093/pcp/pcab108Cellulose is one of the most abundant biopolymers on Earth. It provides mechanical support to growing plant cells and important raw materials for paper, textiles and biofuel feedstocks. Cellulose biosynthesis inhibitors (CBIs) are invaluable tools for studying cellulose biosynthesis and can be important herbicides for controlling weed growth. Here, we review CBIs with particular focus on the most widely used CBIs and recently discovered CBIs. We discuss the effects of these CBIs on plant growth and development and plant cell biology and summarize what is known about the mode of action of these different CBIs.Natural Science and Engineering Council (NSERC) CGS-M Scholarship (to R.T.L.); Canada Research Chairs program and NSERC Discovery Grant (2020-05959) to H.E.M

    The performance of Bulgarian food markets during reform

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    Food policy often depends on markets and markets depend on institutions. But how good do institutions have to be before reforms can be launched? Relying on well timed surveys of agricultural prices and a joint study by the Government of Bulgaria and the World Bank on agricultural market institutions, this paper presents evidence that performance in food markets improved following significant policy reforms in Bulgaria, although public institutions remained weak. This suggests that even though strong institutions are preferred to weak ones, it can be costly and impractical to delay policy reforms until work on strengthening institutions is finished. Still, measured performance varied by place and by commodity, suggesting that markets developed at different tempos and that the distribution of benefits from improved markets was uneven. This points to the need to address the costs of adjustment as policies change. The paper introduces a new approach to measure market performance based on composite-error techniques.Markets and Market Access,Transport Economics Policy&Planning,Economic Theory&Research,Access to Markets,Agribusiness

    Exiling a Wyoming Judge

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    CrowdEEG Platform: A Collaborative Annotation Tool for Medical Time Series Data

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    This repository contains the code for the CrowdEEG web application, a collaborative annotation tool for medical time series data. Check out our Getting Started guide to learn how to run and deploy this web app. This tool has been referenced in the following papers: Mike Schaekermann, Graeme Beaton, Elaheh Sanoubari, Andrew Lim, Kate Larson, and Edith Law: Ambiguity-aware AI Assistants for Medical Data Analysis. CHI 2020. Mike Schaekermann, Graeme Beaton, Minahz Habib, Andrew Lim, Kate Larson, and Edith Law: Understanding Expert Disagreement in Medical Data Analysis through Structured Adjudication. CSCW 2019. Sokolov, E. and Abdoul Bachir, D. H. and Sakadi, F. and Williams, J. and Vogel, A. C. and Schaekermann, Mike and Tassiou, N. and Bah, A. K. and Khatri, V. and Hotan, G. C. and Ayub, N. and Leung, E. and Fantaneanu, T. A. and Patel, A. and Vyas, M. and Milligan, T. and Villamar, M. F. and Hoch, D. and Purves, S. and Esmaeili, B. and Stanley, M. and Lehn‐Schioler, T. and Tellez‐Zenteno, J. and Gonzalez‐Giraldo, E. and Tolokh, I. and Heidarian, L. and Worden, L. and Jadeja, N. and Fridinger, S. and Lee, L. and Law, E. and Fodé Abass, C. and Mateen, F. J.: Tablet‐based electroencephalography diagnostics for patients with epilepsy in the West African Republic of Guinea. European Journal of Neurology 2020. Williams, Jennifer A and Cisse, Fodé Abass and Schaekermann, Mike and Sakadi, Foksouna and Tassiou, Nana Rahamatou and Hotan, Gladia C. and Bah, Aissatou Kenda and Hamani, Abdoul Bachir Djibo and Lim, Andrew and Leung, Edward C.W. and Fantaneanu, Tadeu A. and Milligan, Tracey A. and Khatri, Vidita and Hoch, Daniel B. and Vyas, Manav V. and Lam, Alice D. and Cohen, Joseph M. and Vogel, Andre C. and Law, Edith and Mateen, Farrah J: Smartphone EEG and remote online interpretation for children with epilepsy in the Republic of Guinea: Quality, characteristics, and practice implications. Seizure 2020. You may also be interested in the CrowdEEG Dataset. If you find this web application useful in your research, please consider citing: @inproceedings{Schaekermann2020AmbiguityAwareAI, Author = {Schaekermann, Mike and Beaton, Graeme and Sanoubari, Elaheh and Lim, Andrew and Larson, Kate and Law, Edith}, Title = {Ambiguity-Aware AI Assistants for Medical Data Analysis}, Year = {2020}, ISBN = {9781450367080}, Publisher = {Association for Computing Machinery}, Address = {New York, NY, USA}, DOI = {10.1145/3313831.3376506}, Pages = {1–14}, Numpages = {14}, Location = {Honolulu, HI, USA}, Series = {CHI '20}

    Regulator Circuit. 2

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