Heterogeneous beliefs modify the New Keynesian Phillips curve by introducing a term in cross-section distribution of expectations. To take that model to data, we develop novel functional data approach estimation and inference accounts for variation distributions We find this may be summarized using handful factors, demonstrate their statistical economic relevance inflation dynamics. Our results...

This is a geometric approach to spatial involute gearing which has recently been developed by Jack Phillips [4]. Due to Phillips' fundamental theorems helical involute gears for parallel axes (Fig. 2) serve also as tooth flanks for a uniform transmission between skew axes, and the transmission ratio is even independent of the relative position of the axes.

Sumita, S., Prescott, N.B., Broom, D.M., Wathes, C.M. and Phillips, C.J.C. 2013. Visual discrimination learning and spatial acuity in sheep. Applied Animal Behaviour Science, 147, 104-111. doi:10.1016/j.applanim.2013.04.012 Pre-publication copy Visual discrimination learning and critical spatial acuity in sheep Sumita Sugnaseelan, Neville B. Prescott, Donald M. Broom, Christopher M. Wathes and ...

FRANK DANBY, Dr Phillips: a Maida Vale idyll (1887), with an introduction by Stephen Lock, London, Keynes Press, British Medical Association, 1989, 8vo, pp. xii, 285, illus., £45.00, abroad £49.00, incl. (air) postage from BMJ (Keynes Press), PO Box 295, London WC1H 9TE. Few Victorian novels come as directly to the point as Frank Danby's story about Dr Benjamin Phillips, a Jewish doctor with a ...

We discuss the quantum Lax-Phillips theory of scattering and unstable systems. In this framework, the decay of an unstable system is described by a semigroup. The spectrum of the generator of the semigroup corresponds to the singularities of the Lax-Phillips S-matrix. In the case of discrete (complex) spectrum of the generator of the semigroup, associated with resonances, the decay law is exact...

Analysts typically use a variety of techniques to forecast inflation. These include both ‘bottom-up’ approaches, for near-term forecasting, as well as econometric methods (such as mark-up models of inflation, which have been found to perform quite well for Australia – see de Brouwer and Ericsson (1998)). One of the econometric approaches to inflation forecasting which is sometimes considered is...

Abstract In Phillips v , Lord Westbury stated that, against a bona fide purchaser faced with an “equity” to rescind, “the Court will not interfere”. This has been interpreted mean that purchasers of even equitable interest shall take free prior equities. Yet the distinction between “equities” and interests been, remains, uncertain; some have therefore questioned intent behind Phillips. paper el...

There is a widely believed but entirely mythical story to the effect that discovery of ‘the Phillips curve’ was, in 1960s and 1970s, an inspiration inflationist policy. One aspect explanation how myth came be considered this paper. It noted expression ‘Phillips was applied number quite distinct inconsistent ways, as result there by about 1980, enormous confusion what label meant. This confusion...

This paper examines methods of controlling the supply shock in the estimation of the Phillips curve and discusses the relationship between the supply shock and inflation inertia. The empirical results clearly show that controlling the supply shock effect, not only for current inflation but also for lagged inflation using the asymmetry of the price change distribution, substantially outperforms ...