Tractable Latent State Filtering for Non-Linear DSGE Models Using a Second-Order Approximation* This paper develops a novel approach for estimating latent state variables of Dynamic Stochastic General Equilibrium (DSGE) models that are solved using a second-order accurate approximation. I apply the Kalman filter to a statespace representation of the second-order solution based on the ‘pruning’ ...

To uncover the structural and dynamical determinants involved in the highly specific binding of Ras GTPase to its effectors, the conformational states of Ras in uncomplexed form and complexed to the downstream effectors Byr2, PI3Kγ, PLCε, and RalGDS were investigated using molecular dynamics and cross-comparison of the trajectories. The subtle changes in the dynamics and conformations of Ras up...

We study equilibria in which agent's belief are rational in the sense of Kurz 1-1994]. The market is formulated by specifying a stochastic demand function and a continuum of producers, each with a quadratic cost function who must select their output before knowing prices. Holding Rational Beliefs about future prices, producers maximize expected profits. In a Rational Belief Equilibrium (RBE) ag...

ABSTRACT In late 1940 March, at least five significant solar flares were reported. They likely launched interplanetary coronal mass ejections (ICMEs), and associated with one of the largest storm sudden commencements (SSCs) since 1868, resulting in space weather hazards that would have societal impacts should it occur today. The initial activity is a proton event. Afterwards, another flare was ...

This paper focuses on developing models to study influential factors on the inflation rate for a panel of available countries in the World Bank data base during 2008-2012‎. ‎For this purpose‎, Random effect log-linear and Ordinal logistic models are used for the analysis of continuous and categorical inflation rate variables‎. ‎As the original inflation rate response to variables shows an appar...

A vital role for complement in adaptive humoral immunity is now beyond dispute. The crucial interaction is that between B cell and follicular dendritic cell-resident complement receptor 2 (CR2, CD21) and its Ag-associated ligands iC3b and C3dg, where the latter have been deposited as a result of classical pathway activation. Despite the obvious importance of this interaction, the location of a ...