19,724 research outputs found
Images of U.P. Levy
No full textThree portraits of Levy, two identical portraits, one signed by Levy, "Captain, USN," showing him as a man in his mid-fifties, sitting and smiling. Another full frontal portrait features Levy in full naval uniform holding a sword in his left hand and a scroll in his right which reads: “Author of the Abolition of Flogging in the Navy of the U.S.” On the wall behind Levy is another portrait of two vessels, underneath which "Commodore Uriah Phillips Levy, 1792-1862" is inscribed. Presented to the Naval Academy by Mrs. Carl von Mayhoff.Digital ImageDigital finding aid available
The Levy sections theorem revisited
No full textThis paper revisits the Levy sections theorem. We extend the scope of the theorem to time series and apply it to historical daily returns of selected dollar exchange rates. The elevated kurtosis usually observed in such series is then explained by their volatility patterns. And the duration of exchange rate pegs explains the extra elevated kurtosis in the exchange rates of emerging markets. In the end our extension of the theorem provides an approach that is simpler than the more common explicit modeling of fat tails and dependence. Our main purpose is to build up a technique based on the sections that allows one to artificially remove the fat tails and dependence present in a data set. By analyzing data through the lenses of the Levy sections theorem one can find common patterns in otherwise very different data sets.Econophysics; Levy sections
The Impacts of the Climate Change Levy on business: Evidence from Microdata
No full textWe estimate the impacts of the Climate Change Levy (CCL) on manufacturing plants using panel data from the UK production census. Our identification strategy builds on the comparison of outcomes between plants subject to the CCL and plants that were granted an 80% discount on the levy after joining a Climate Change Agreement (CCA). Exploiting exogenous variation in eligibility for CCA participation, we find that the CCL had a strong negative impact on energy intensity and electricity use. We cannot reject the hypothesis that the tax had no detrimental effects on economic performance and on plant exit.Climate policy, carbon tax, United Kingdom, manufacturing, impact assessment
The Impacts of the Climate Change Levy on Manufacturing: Evidence from Microdata
No full textWe estimate the impacts of the Climate Change Levy (CCL) on manufacturing plants using panel data from the UK production census. Our identification strategy builds on the comparison of outcomes between plants subject to the CCL and plants that were granted an 80% discount on the levy after joining a Climate Change Agreement (CCA). Exploiting exogenous variation in eligibility for CCA participation, we find that the CCL had a strong negative impact on energy intensity and electricity use. We cannot reject the hypothesis that the tax had no detrimental effects on economic performance and on plant exit.
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