9,604 research outputs found
Is the Phillips Curve of Germany Spurious?
No full textA simple plot of seasonal adjusted quarterly data between the change of nominal wage rates and the unemployment rate for the German economy shows a picture similar to that by which Phillips was inspired to his famous discovery, that there is a long-term tendency of a negative, non-linear relationship coupled with minor deviations from this tendency, which form so-called loops. At first sight, the Phillips Curve of Germany comprises clusters of data points and movements between these clusters. In spite of the striking differences of these phenomena, a model with one regression equation is sufficient to explain the loops, the movements between the loops and the long-term tendency of the German Phillips Curve. It might well be that the German Phillips Curve and the corresponding regressions are spurious, but an allegedly missing co-integration of wage rate changes and unemployment rate is not the argument that could be drawn on to sustain this scepticism. On the contrary, both variables are co-integrated. To get a more detailed insight into the relationship, the two variables are split into a trend and a cyclical component by the help of the HP-filter. The results of regression analyses applied to the separated components support Phillips’ hypothesis of a negative relationship between wage rate changes and the unemployment rate.Wages, Unemployment, Phillips Curve
Clusters and Loops of the German Phillips Curve
No full textA preliminary regression analysis of different versions of the Phillips Curve on the basis of yearly data of the German economy from 1952 to 2004 leads to the conclusion that the original finding might still be of empirical relevance. A simple plot of seasonal adjusted quarterly data between the change of nominal wage rates and the unemployment rate shows a picture similar to that by which Phillips was inspired to his famous discovery: A long-term tendency of a negative, non-linear relationship coupled with minor deviations from this tendency forming sometimes so called loops. At fist sight, the Phillips Curve of Germany comprises clusters of data points and movements between these clusters. The clusters can be analysed and – together with the rest of data – dissolved into 12 (left or right turning) loops and 9 movements between these loops during the period from 1971Q1 to 2009Q4. In spite of the striking differences of these phenomena, a model with one regression equation is sufficient to explain the loops, the movements between the loops and the long-term tendency of the German Phillips Curve. This empirical finding contradicts several aspects with the ruling dogma of a Phillips Curve that broke down in the ‘70s and with the allegedly better fit of its replacements by augmented and modified Phillips Curves.Wages, inflation, unemployment, Phillips curve
Understanding the Flattening Phillips Curve
No full textPolicy-makers have recently noted an apparent flattening of the Phillips curve. The implications of such a change include that a positive output gap would be less inflationary, but the cost of reducing inflation, once established, would increase. This paper’s objective is to review the evidence and possible explanations for the flattening of the Phillips curve in the context of new-Keynesian economic theory. Using data for the United States and Australia, we find that the flattening is evident in the baseline ‘structural’ new-Keynesian Phillips curve. We consider a variety of reasons for this structural flattening, such as data problems, globalisation and alternative definitions of marginal cost, none of which is entirely satisfactory.Phillips curve; inflation
Gerald F. Phillips
No full textFrom the video archives of the Cornell Law School Heritage Project. The interviewer is Peter W. Martin; the videographer, Jaesuk Yoo. This video covers Gerald Phillips\u27s experiences as a law student, the path that led him into the motion picture industry, and his subsequent work and teaching in the field of dispute resolution (mediation and arbitration).
Gerald Phillips was born in New York, N.Y. in 1925. He earned an AB at Darmouth College and an MBA from the Amos Tuck School at Darmouth, and then a JD from Cornell Law School in 1950. He began his career at the prestigious New York law firm founded by his father, Phillips, Nizer, Benjamin, Krim & Ballon. It was there that he worked with the famed trial lawyer Louis Nizer over the course of more than 50 years on some of the most important cases in the motion picture industry, cases that involved First Amendment issues, censorship, and antitrust. He was admitted to practice law in New York, California, and also before the United States Supreme Court.
Gerald Phillips was Vice President of United Artists leading its Litigation Department and its Special Markets Division from 1950-83. He negotiated the first licensing agreement for feature motion pictures with HBO. From 1984-87 he was Chairman of WNYC, New York\u27s public radio station.
In 1990 he helped his daughter start her own law firm, Phillips Lerner ALC, which specialized in complex family law. At this time he recreated himself and became an arbitrator and mediator, primarily in entertainment matters. He had a reputation for crafting resolutions that were win/win.
Gerald Phillips was a prolific writer and was interested in enhancing the reputation of lawyers, always with ethics at the forefront. His book, Fair Deal for All Clients, examines how to improve the image of lawyers by educating the public about lawyers\u27 billing practices and exhorts lawyers to change billing practices which harm the profession.
Phillips was adjunct professor at Pepperdine University School of Law. He co-founded the College of Arbitrators and was past president of Dispute Resolution Services. His work with the Beverly Hills Bar Association and with the Los Angeles County Bar Association was very important to him, especially the latter where he served as a member of the Professional Responsibility and Ethics Committee.
Attorney, ethicist, and philanthropist, Gerald Phillips died in 2015. Together with his family he created the Phillips/Samuels/Victor Family Fund at the Dartmouth Ethics Institute at Dartmouth College
The vanishing author in computer-generated works: a critical analysis of recent Australian case law
No full textAbstract
The use of software is ubiquitous in the creation of many copyright works, yet the requirement in copyright law that every work have a human author who engages in independent intellectual effort means that its use may prevent copyright subsistence. Several recent Australian cases have refocused attention on authorship as an essential criterion of copyright subsistence, and these cases suggest that much computer-produced output may be authorless and thus lack copyright protection. This article, the first in a two-part series, analyses how each case deals with the question of authorship of computer-produced works and why the use of software diminishes copyright protection for a significant number of computer-generated works. The article critiques the application of conventional notions of human authorship developed in the pre-computer age to modern productions and suggests alternative approaches to authorship that satisfy both the major objectives of copyright policy and the need to adapt to the computer age. The article argues that, without a broader judicial approach to authorship of computer-generated works, Parliament must remedy the lacuna in protection for these ‘authorless’ works. Possible solutions for reform are suggested. In a forthcoming article, the author comprehensively examines those reform proposals
Drumheller, AB
No full textNotes - A history of the Ursaline order in Drumheller, AB from 1935 to 1985 (2 pages)Drumhelle
Podisus brevispinus Phillips 1992
No full textPodisus brevispinus Phillips, 1992 New state records: Louisiana: Winn Par.: Winnfield, 15-V-1918, G. R. Pilate, det. Phillips (1♀ UMMZ). Tennessee: Blount Co.: Great Smoky Mountains National Park, Cade’s Cove Road, on Hydrangia blossom, 23-V-1977, I. J. Cantrall (1♀ UMMZ); Great Smoky Mountains National Park, +/- 7 miles SSE. Gatlinburg, 23-V-1977, I. J. Cantrall, #16 (3♀♀ UMMZ). Distribution: Canada: AB, BC, MB, NB (Walley 1929, Brown 1941, Morris 1972, Roch 2020), NF (Maw et al. 2000, Roch 2020), NS, ON, PE (Maw et al. 2000, Roch 2020), QC, SK (Maw et al. 2000). United States: CO, CT (O’Donnell & Schaefer 2012), GA, IA, ID, IL, IN, LA, MA, ME, MI, MN (Hart 1919, Koch et al. 2014), MT, NC, ND (Rider 2012), NE, NH, NJ (Smith 1910, Torre-Bueno 1920), NM, NY, OH, PA (Wirtner 1904, as Podisus modestus), TN, VA (Allen & Hoffman 1976), VT (Parshley 1920, Roch 2020). (Mexico) Comments: Most older records for this species are under the name Podisus modestus (Dallas), which are misidentifications. Phillips (1983) determined that the true Podisus modestus of Dallas is a synonym of Podisus maculiventris, which left this species without a name. Her proposal (originally in her dissertation) of Podisus brevispinus as a new name for this species was finally published in Thomas’ (1992) review of New World asopines. Consequently, Froeschner (1988) still listed this species under the name Podisus modestus (Dallas, 1851). Phillips (1983), in her unpublished dissertation, among other records, provided locality data that confirm the above records from New Brunswick, Connecticut, Louisiana, Minnesota, New Jersey, North Dakota, Pennsylvania, Tennessee, Vermont, and Virginia; she also listed records from Kentucky, Oregon, South Dakota, Washington, and Wisconsin that, if published, would represent new state records.Published as part of Rider, David A. & Swanson, Daniel R., 2021, A distributional synopsis of the Pentatomidae (Heteroptera) north of Mexico, including new state and provincial records, pp. 1-69 in Zootaxa 5015 (1) on page 9, DOI: 10.11646/zootaxa.5015.1.1, http://zenodo.org/record/515908
Souvenir of Edmonton, AB
No full textBooklet - Souvenir of Edmonton - The Capital City of Alberta. Collection of photographs in a green cover tied with string, Edmonton, AB (48 pages
RANS simulations of the multiphase flow around the KCS hullform
No full textA commercial RANS code is used to investigate the multiphase flow field surrounding the KCS hull form. Results are presented for the associated wave pattern (case 2.1), dynamic sinkage and trim (case 2.2b) and self propulsion parameters for the hull using a body force propeller model (case 2.3a
An ab initio treatment of the X-ray emission spectra of the HCl molecule
No full textAb initio calculations for the energy and absolute transition rates of X-ray transition processes associated with the hydrogen chloride molecule have been undertaken at the relaxed Hartree-Fock level. Data for K-, L1- and L2 3-shell X-ray emission spectra are presented. Comparison with atomic calculations is used to show that the molecular effect is manifested most clearly in transitions involving the 5 sigma bonding molecular orbital. The spectra are, however, dominated by intra-atomic effects. Participator and spectator satellite transitions associated with an initial K-shell hole and a 3 pi excited valence electron are also considered. The energy and transition rate results for spectator satellites associated with the (1 sigma )3 pi resonant excited neutral state are close to those determined for the normal Kalpha and Kbeta processes. The 3 pi participator satellite is predicted to be at higher photon energy with 10% of the main Kbeta spectator line intensity
- …
