We provide predictions for DSGE models with incomplete information that are robust across structures. Our approach maps an incomplete-information model into a full-information economy time-varying expectation wedges and provides conditions ensure the rationalizable by some structure. Using our approach, we quantify potential importance of as source business cycle fluctuations in otherwise frict...

By using the Darboux frame |?, ?, ?| of a non-null curve lying on timelike surface in Minkowski 3-space, where ? is unit tangent vector curve, spacelike normal field restricted to and = ?? we define relatively normal-slant helices as curves satisfying condition that scalar product fixed spanning their axis non-constant constant. We give necessary sufficient conditions for be helices. consider s...

Transparent ITO/PZT/ITO capacitors were fabricated on 200 mm glass substrate. The PZT films of 1 µm and 2 thickness first grown platinized Si wafer by sol–gel method, then transferred onto substrate together with ITO electrodes following an innovative process. obtained based stacks show average transmission about 70% in the visible range. keep their preferred (100) orientation after transfer ex...

The purpose of this study is to examine the degree exchange rate pass-through (ERPT) with focus on Taylor (2000)’s hypothesis that asserts ERPT tends be high (low) in inflation states. To end, a panel quantile regression applied data from 37 countries over period 1996-2018. allows us capture distributional heterogeneity coefficient and thus directly address question whether depends inflationary...

We use microdata collected at the border and store to characterize price impact of recent US trade policy on importers, exporters, consumers. At border, import tariff pass-through is much higher than exchange rate pass-through. Chinese exporters did not lower their dollar prices by much, despite appreciation dollar. By contrast, significantly lowered affected foreign retaliatory tariffs. In sto...

This paper evaluates the literature on international unconventional monetary policies (UMPs). Introducing market segmentation, limits-to-arbitrage, and time-consistent policy in standard models permits a theoretical role for UMP. Empirical studies provide compelling evidence that UMPs influenced asset prices tail risk desired manner. Calibrated modeling vector autoregressive (VAR) exercises imp...

This paper develops a Bayesian quantile regression model with time-varying parameters (TVPs) for forecasting inflation risks. The proposed parametric methodology bridges the empirically established benefits of TVP regressions ability to flexibly whole distribution inflation. In order make our approach accessible and relevant forecasting, we derive an efficient Gibbs sampler by transforming stat...

We elucidate the mechanisms that lead to population shifts in the conformational states of calcium-loaded calmodulin (Ca(2+)-CaM). We design extensive molecular dynamics simulations to classify the effects that are responsible for adopting occupied conformations available in the ensemble of NMR structures. Electrostatic interactions amongst the different regions of the protein and with its vici...

this paper reviews the relationship between inflation rate and minimum wage in iran’s economy over the 1969-2005. according to the economic literature, there is a narrow relationship between inflation rate and minimum wage. some economists believe in increased inflation due to minimum wage. the other group of economists considers the increased inflation as a cause for increasing minimum wage. t...