In practice, central banks have been confronted with a trade-o¤ between stabilising in‡ation and output when dealing with rising oil prices. This contrasts with the result in the standard New Keynesian model that ensuring complete price stability is the optimal thing to do, even when an oil shock leads to large output drops. To reconcile this apparent contradiction, this paper investigates how ...

Heat shock protein 90 (Hsp90) represents a promising therapeutic target for the treatment of cancer and other diseases. Unfortunately, results from clinical trials have been disappointing as off-target effects and toxicities have been observed. These detriments may be a consequence of pan-Hsp90 inhibition, as all clinically evaluated Hsp90 inhibitors simultaneously disrupt all four human Hsp90 ...

The current study investigates the impact of real oil price shocks on Eurozone banking sector from February 2009 to 2022, using Structural Vector Autoregressive method distinguish reaction between bank indices and three structural indicators in market shocks. include global demand, supply shock, specific Our findings show that responds positively toward an oil-specific demand shock (oil price) ...

This paper attempts to evaluate the magnitude of the influence of relative price shifts on the overall inflation in Poland during the period of 1989 to 1997. For that purpose, the theoretical model has been employed that predicts a positive relationship between variance and skewness of the distribution of relative price changes and the general inflation rate. Regressions performed in the framew...

We embed the notion of banks as monitors who reduce risk into a “two-trees” framework, and consider an economy in which capital can be moved between the trees. We characterize how resources are optimally allocated between the intermediated banking sector and a risky sector as a function of the relative size of the banking sector — the bank share — and the speed at which capital can move in and ...

The molecular basis of heat shock response (HSR), a cellular defense mechanism against various stresses, is not well understood. In this, the first comprehensive analysis of gene expression changes in response to heat shock and MG132 (a proteasome inhibitor), both of which are known to induce heat shock proteins (Hsps), we compared the responses of normal mouse fibrosarcoma cell line, RIF-1, an...

In this paper, we show that a price-regulated market for tradable permits improves upon an unregulated market and upon an emission tax, when there is uncertainty about abatement costs. We derive a scheme of open market operations that allows to achieve ex-post efficiency and analyze its effects on the expected profits of the regulated firms and the expected revenue of the regulator. For the cas...

We experimentally examine the effects of flexible and fixed prices in markets for experience goods in which demand is driven by trust. With flexible prices, we observe low prices and high quality in competitive (oligopolistic) markets, and high prices coupled with low quality in non-competitive (monopolistic) markets. We then introduce a regulated intermediate price above the oligopoly price an...