Stiglitz 1 (Ale).qxd

Contradictory Predictions on Supply Response under Stabilization: a Reconciliation

Two separate bodies of literature on stabilization give radically different results, yet these contradictions do not appear to have attracted any attention until now. The first arises from the neoclassical theory of stabilization and predicts that beneficial stabilization will always attract positive supply response. The second arises from the work of Newbery and Stiglitz and predicts 'perverse...

Mutation analysis of the histidine residues in the glycylglycine endopeptidase ALE-1.

A novel staphylolytic enzyme, ALE-1, is a glycylglycine endopeptidase produced by Staphylococcus capitis EPK1. ALE-1 possesses seven histidines. Chemical modification studies using diethylpyrocarbonate and iodoacetic acid suggested that a histidine or tyrosine residue(s) in the molecule is important for the organism's staphylolytic activity. All of the histidine residues, one tyrosine, and one ...

2 The Financial Crisis of 2007 – 8 and its Macroeconomic Consequences 1

ALE: AES-Based Lightweight Authenticated Encryption

In this paper, we propose a new Authenticated Lightweight Encryption algorithm coined ALE. The basic operation of ALE is the AES round transformation and the AES-128 key schedule. ALE is an online single-pass authenticated encryption algorithm that supports optional associated data. Its security relies on using nonces. We provide an optimized low-area implementation of ALE in ASIC hardware and ...

Whence Reform? A Critique of the Stiglitz Perspective

This paper discusses the key hypotheses which Joseph Stiglitz proposed, in his wideranging critique of the ‘Washington Consensus’, with regard to transition reforms and economic policies in China and Russia. The primary purpose is to evaluate the Stiglitz perspective in the light of empirical evidence, including the experience of countries outside China and Russia. Although some of the points S...