1,183 research outputs found

    Output Persistence from Monetary Shocks with Staggered Prices or Wages under a Taylor Rule

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    We analytically examine output persistence from monetary shocks in a DSGE model with staggered prices or wages under a Taylor Rule for monetary policy. The best known such model assumes Calvo-style staggering of prices and flexible wages and is known to yield no persistence under a Taylor Rule. Switching to Taylor-style staggering introduces lagged output into the model’s ‘New Keynesian Phillips Curve’ equation. Despite this, we show it generates no persistence, whether staggering is in wages or prices. Surprisingly, however, Calvo-style staggering of wages does generate persistence, if there are decreasing returns to labour.Output Persistence, Staggered Prices/Wages, Taylor Rule.

    239 - James Matthew Rankin

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    In this presentation, I seek to examine ideas about how notions of space and place are formed within the genre of the encyclopedic novel. I will investigate the various definitions and types of space, focusing my attention on the interplay between cultural and aesthetic space. To this end, I will examine the encyclopedic novels The Recognitions by William Gaddis and Almanac of the Dead by Leslie Marmon Silko. I hope to illustrate the contingency of cultural and aesthetic space as determined by socio-historical forces. These hegemonic forces determine how we occupy, interact with, and think about spaces

    Perpetual youth and endogenous labor supply: A problem and a possible solution

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    In the "perpetual youth" overlapping-generations model of Blanchard and Yaari, if leisure is a "normal" good then some agents will have negative labor supply. We suggest a solution to this problem by using a modified version of Greenwood, Hercowitz and Huffman's utility function. The modification incorporates real money balances, so that the model may be used to analyze monetary as well as fiscal policy. In a Walrasian version of the economy, we show that increased government debt and increased government spending raise the interest rate and lower output, while an open-market operation to increase the money supply lowers the interest rate and raises output

    The Regulatory Environment and SMMEs. Evidence from South African Firm Level Data

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    The paper specifically examines: labour regulations and their relationship with employment and investment; trade regulations; permits and licences for businesses; visa regulations; the predictability of regulatory application; and the costs of regulation. It also investigates the ways firms respond to regulations

    Self-identity, embodiment and the development of emotional resilience

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    This article is made available through the Brunel Open Access Publishing Fund. Copyright @ The Author 2013. Published by Oxford University Press on behalf of The British Association of Social Workers. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by-nc/3.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited.Recent social work reforms in the UK have highlighted the need for social work practitioners to be empathetic, reflexive and resilient. Current literature defines resilience as the individual's adaptive response to adversity, stress-resistant personality traits and the ability to ‘bounce back’, yet the processes by which resilience is developed remain underexplored. The stressors associated with training to be a social worker particularly necessitate such an investigation. This study adopts a phenomenological approach to explore social work students' lived experiences of managing emotion and developing resilience. Emotion is constructed as a relational concept, developed within intersubjective space and as an embodied experience. Findings indicate tensions in student narratives around the expression of emotion and ‘being professional’. Critical incident narratives reveal often overwhelming difficulties experienced by students, prior to and during the social work programme. A variety of coping strategies were adopted including active resistance, spirituality, critical reflection and social support. Narratives as ‘discourses-in-the-making’ highlight embodiment as a valuable analytical lens by which emotional conflicts are experienced, deconstructed and resolved through the process of integrating the personal and professional self. Spaces to develop emotional resilience within the social work curriculum are discussed

    Journey to the moon

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    Two items: One page with an image showing of a balloon labeled "Nassau 1845" over a crowd. a two-line rhyme in below the image. The second item is a clipping from the publication Once A Week, an illustrated miscellany series, contains a poem entitled "A Journey to the Moon."For more information about this item, visit https://archivesspace.mit.edu/repositories/2/digital_objects/59

    This Is How It Happens

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    JENNIFER J. RANKIN of Beecroft, Australia is the author of Earth Hold. Her poems have been published in Aspect, The North American Review, Poetry Australia, and elsewhere

    Identifying bias in South African graduate recruitment

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    Video recording of Neil Rankin's presentation, entitled "Identifying bias in South African graduate recruitment" presented at SatRday Cape Town, UCT, 17 March 2018Abstract:There is a lot of evidence that gender and racial biases affect hiring. In South Africa the Employment Equity Act aims to correct this. We use a dataset of graduate applications to show that males and white candidates are favoured by recruiters, and discuss what leap.ly is doing to address this.</div

    An enigmatic large mawsoniid coelacanth (Sarcopterygii, Actinistia) from the Upper Jurassic Kimmeridge Clay Formation of England

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    A large mawsoniid coelacanth from the lower part of the marine Kimmeridge Clay Formation of England (Kimmeridgian, Upper Jurassic) is studied here. The material is constituted by a group of bones from the head and shoulder girdle of a considerably large individual (estimated length ca. 1.5 m), including the left angular, left dentary, left prearticular, left palatoquadrate complex, both ceratohyals and right cleithrum. Characters such as the coarse external ornamentation of the angular, and the robustness of the quadrate and the cleithrum allow classification of the individual as a member of the Mawsoniidae; whereas the configuration of external bones of the lower jaw (ornamentation of the angular constituted mainly by longitudinal ridges, the presence of a lateral swelling in the dentary) indicates stronger Gondwanan affinities than previously expected (i.e., with the genus Mawsonia, up to now only recorded in South America by the end of the Jurassic). Considering the above, two alternative evolutionary, paleobiogeographic, and taxonomic scenarios are discussed: (1) the new individual can be referred to the European mawsoniid genus Trachymetopon (Lower–Middle Jurassic), in which case it should be assumed this genus reached the Upper Jurassic, and with a morphological variability higher than previously suspected (including some characters previously assumed as diagnostic for Mawsonia). Or (2) an unknown Mawsonia-like form was present in the Upper Jurassic of Europe. The last scenario puts the identification of isolated elements of European Jurassic giant mawsoniids in a new complex taxonomic and paleobiogeographic context, which will deserve further research

    Using Semantic Technologies to Improve Information Exploitation in Military and Civilian Application Contexts

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    Military and civilian agencies confront a number of challenges in harnessing the power of modern large-scale information networks. These challenges include the need to identify relevant information and exploit that information in the context of specific knowledge processing tasks. Our work in the SEMIOTIKS component of the UK Data and Information Fusion Defence Technology Centre (DIFDTC) research programme aims to support military and civilian agencies in leveraging the latent potential of large-scale information networks to enhance situation awareness and improve knowledge processing efficiency. The SEMIOTIKS system, described in this paper, comprises a number of technology components that support the user in a variety of knowledge-based activities. These include the discovery and organization of information resources; the extraction of task-relevant information using information harvesting and knowledge editing techniques; the retrieval, integration and transformation of domain-relevant knowledge using semantic query capabilities; the monitoring of large-scale information repositories for specific events and contingencies; and the use of semantic reasoning techniques to support domain-relevant decision-making. In addition to a technical description of SEMIOTIKS system components, this paper describes a demonstration scenario that highlights the way in which SEMIOTIKS technologies might be used to support advanced modes of information exploitation in multi-agency collaborative situations
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