Marillac-le-Franc

15 seconds of fame Franc

15 seconds of fame is an interactive installation that every 15 seconds generates a new pop-art portrait of a randomly selected viewer. The installation was inspired by Andy Warhol’s ironical statement that “in the future everybody will be famous for 15 minutes.” The installation detects human faces and crops them from the wide-angle view of people standing before the installation. Pop-art port...

Optimality of barter steady states ! Franc 7

In the present paper, the issue of the existence of optimal barter steady states is addressed in a stationary overlapping generations model with many commodities and many different long-lived consumers. A general characterization of the individual endowments leading to an optimal barter steady state is obtained. The result, which is a generalization of Benveniste and Cass (1986), is obtained as...

P P and Crustal Structure by Franc

INTRODUCTION The effect of the crust on the reflected compressional wave P P has been studied extensively by Gutenberg and Richter (1935), Mei (1943), Byerly et al (1949), and Papazachos (1964). Most of the quantitative work in these studies has involved determination of the amplitude ratio P P / P or the variation in the angle of incidence. Although Gutenberg and Richter attempted to investiga...

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Is the Franc Zone an Optimal Currency Area ? * WPS / 2000 -

In this paper we modify the method of Blanchard and Quah (1989) in order to estimate a structural VAR model appropriate for a small open economy. In this way we identify shocks to output and prices in the members of the two monetary unions that make up the African CFA Franc Zone. The costs of monetary union membership will depend on the extent to which price and output shocks are correlated acr...