This paper examines the implications of on-the-job search for both short-run dynamics of in‡ation and long-run welfare costs of in‡ation in a sticky price model with labour market search frictions. Both unemployed workers and workers with bad jobs can search. Firms can adjust labour at both intensive and extensive margins. On-the-job search gives rise a strong propagation of monetary policy sho...

In this paper we examine whether or not the NKM is …t for the purpose of providing a suitable basis for the conduct of monetary policy through in‡ation targeting. We focus on a number of issues: the dynamic response of in‡ation to interest rates in a theoretical NKM under discretion and commitment to a Taylor rule; the implications for the speci…cation of the New Keynesian Phillips equation of ...

Carlstrom and Fuerst (2005) demonstrate that when investment is added to a new Keynesian model, forward-looking interest rate rules almost always lead to equilibrium indeterminacy, even when the central bank responds strongly to expected in‡ation. In this paper, we show that equilibrium determinacy can be retained with forward-looking rules, as long as there is policy inertia. Strong response t...

Computer algebra algorithms are developed for evaluating the oeÆ ients in Airy-type asymptoti expansions that are obtained from integrals with a large parameter. The oeÆ ients are de ned from re ursive s hemes obtained from integration by parts. An appli ation is given for the Weber paraboli ylinder fun tion. 2000 Mathemati s Subje t Classi ation: 41A60, 33C10, 33C15, 33F05, 65D20.

Boschen and Weise (Journal of Money, Credit and Banking, 2003) model the probability of a large upturn in in‡ation. We extend their work to show that openness to trade exerts a negative e¤ect on the probability of such an event. Keywords: In‡ation starts, trade openness. JEL classi…cation: E31, F41.

The title compound, C(18)H(33)N(3)O(5), was prepared from N-tert-butoxy-carbonyl-4-piperidone using a nine-step reaction, including condensation, methyl-ation, oximation, hydrolysis, esterification, ammonolysis, Hoffmann degradation, tert-butoxy-carbonyl protection and methyl-ation. The E configuration of the methyl-oxime geometry of the compound is confirmed.

ABSTRACT In this paper, we present an adaptive organizational poli y for multi-agent systems alled tra e. tra e allows a olle tion of multi-agent organizations to dynami ally allo ate tasks and resour es between themselves in order to eÆ iently pro ess an in oming stream of task requests. tra e is intended to ope with environments in whi h tasks have time onstraints, and environments that are s...

Real-time and Embedded Systems JAIGANESH BALASUBRAMANIAN, SUMANT TAMBE, ANIRUDDHA GOKHALE, DOUGLAS C. SCHMIDT Department of EECS, Vanderbilt University, Nashville, USA and BALAKRISHNAN DASARATHY, SHRIRANG GADGIL Tel ordia Te hnologies, Pis ataway, NJ, USA Distributed real-time and embedded (DRE) systems onsist of performan e-sensitive appli ations that are deployed in resour eonstrained environ...

Web mining is the use of data mining techniques to automatically discover and extract information from World Wide Web documents and services ( e.g., on-line travel agents, job listings, electronic malls, etc. ) .This article considers the question: is effective Web mining possible? Skeptics believe that the Web is too unstructured for Web mining to succeed. Indeed, data mining has been applied ...