The paper considers alternative monetary policy regimes within a calibrated macroeconomic model with a traded and a non-traded sector. Two classes of regimes are considered; in°ation targeting and exchange rate targeting. When the target variable is completely stabilized, both rules have poor stabilizing properties for all real variables nominal exchange rate targeting is even dynamically unsta...

Abstract Integral observers are useful tools for estimating the plant states in the presence of non-vanishing disturbances resulting from plant-model mismatch and exogenous disturbances. It is well known that these observers can eliminate bias in all states, given that as many independent measurements are available as there are independent sources of disturbance. In the most general case, the d...

Governments design and implement policies to achieve various goals. Still, perhaps none are as pressing shifting national economies away from non-renewable fuels towards more sustainable, environmentally-friendly technologies. To incentivize such transitions, governments provide subsidies private public companies innovate, i.e., engage in research development (R&D). However, it can be a...

In this paper, we investigate po-purity using finitely presented S-posets, and give some equivalent conditions under which an S-poset is absolutely po-pure. We also introduce strongly finitely presented S-posets to characterize absolutely pure S-posets. Similar to the acts, every finitely presented cyclic S-posets is isomorphic to a factor S-poset of a pomonoid S by a finitely generated right con...

Single white fibres and small bundles (two to three) of red fibres were isolated from the trunk muscle of Pacific Blue Marlin (50-121 kg body weight). Fibres were chemically skinned with 1% Brij. Maximum Ca2+-activated force production (Po) was 57 kN m-2 for red fibres and 176 kN m-2 for white fibres at 25 degrees C. The force-velocity (P-V) characteristics of these fibres were determined at 15...

PURPOSE To evaluate the effects of a structured hand cycle training programme on physical capacity in subjects with spinal cord injury (SCI) during clinical rehabilitation. METHOD Twenty subjects with SCI who followed hand cycle training were compared with matched control subjects from a Dutch longitudinal cohort study, who received usual care. Primary outcomes of physical capacity were peak ...