Abstract T his paper is to convince the usage of the nonlinear unit root tests when dealing with a nonlinear model. To do so, the stationary test for variables in a model titles “Fiscal Reaction Function in Iran” has been applied according to both the ordinary and the Nonlinear Dickey-Fuller (NDF) tests. Results show that while variables under investigation are stationary ...

The scintillating grid illusion refers to an illusory perception of black spots on the luminance increments at the intersections of gray grids on a black background. In this study, we examined how the shape of luminance increments modulated the strength of the illusion. In Experiment 1, we concurrently controlled the size and shape of luminance increments, and found significant reduction of the...

Japan is the world‘s third largest economy. But currently economic situations of Japan are not stable. It is not increasing as expected. Since 2013 it was world second largest economy but Japan loosed its placed to China in 2014 due to slow growth of important economic indicators. By using the basic Keynesian model, we will provide a detailed analysis of the short and long run impacts of the ch...

Imperfectly competitive macroeconomic models typically assume a symmetric equilibrium with identical firms, despite the fact that most industries are characterised by substantial degrees of firm heterogeneity. We examine how inter-firm efficiency gaps affect fiscal policy effectiveness under monopolistic competition.

The hollow-face illusion, in which a mask appears as a convex face, is a powerful example of binocular depth inversion occurring with a real object under a wide range of viewing conditions. Explanations of the illusion are reviewed and six experiments reported. In experiment 1 the detrimental effect of figural inversion, evidence for the importance of familiarity, was found for other oriented o...

3 The attributes of an optical illusion Optical illusions are meant to fool the mind. However, the way in which they do this differs with every illusion. Illusions can be classified based on their two main attributes of colour and geometry. One may think that the more attributes an illusion has, the better, but using all the attributes would upset the balance, making the illusion to confusing. ...

This paper studies the interactions of fiscal and monetary policies in the presence of fiscal spillovers within a monetary union. When capital markets are integrated, the fiscal policy of any member country will influence equilibrium wages and interest rates across the whole union. Thus there are fiscal spillovers within a federation. Within a general class of monetary policy rules, there does ...