The question of why the unemployment rate takes a long time before it reverts back to its natural-rate following a negative exogenous shock has been the subject of unremitting interest in macroeconomics. This paper shows that the speed of adjustment to the steady-state unemployment and the degree of risk-aversion in firms are positively related. The reason is that risk-aversion in firms creates...

Organisms have evolved into orderly integrated systems. The complexes formed by the various components within cell are essential for execution of functions. There three main forms intracellular aggregates, namely protein-protein complexes, protein-nucleic acid and acid-lipids which great importance research. (Article number 2021, 2, e27)

2011: OECD Indicators. http: //www .oecdilibrary .org /docserver /download /fulltext /8101091e .pdf ?expires= 1347650260&id=id&accname= guest& amp;checksum=DC0DB13061D32EE7B8C044AE5E5DB6E9.AccessedSeptember 6, 2012. 6. Guyatt GH, Devereaux PJ, Lexchin J, et al. A systematic review of studies comparing health outcomes in Canada and the United States. Open Med. 2007; 1(1):e27-e36. 7. Callahan D. ...

We have studied by optical microscopy and SEM-EDX some metallic particles of gold silver adhering to a sample the Turin Shroud. A total number eighteen (and sub-particles) containing these two elements were characterized in details. Three them (e49, b22 h28-0) are parts scales, six (l38-1, 2, 3, 4, 7’ 12) micro-grains powder. The three a23-1, 2 3 sub-particles spot painting. e27 particle (of el...

We document that the expectations of households, firms, and professional forecasters in standard surveys simultaneously extrapolate from recent events underreact to new information. Existing models expectation formation, whether behavioral or rational, cannot account for these observations. develop a rational theory extrapolation based on limited attention, which is consistent with this evidenc...

This paper develops an estimated hybrid model that combines the micro-founded DSGE model with the flexibility of the theoretical VAR model. The model is estimated via the maximum likelihood technique based on quarterly data on real Gross National Product (GNP), consumption, investment and hours worked, for the South African economy, over the period of 1970:1 to 2000:4. Based on a recursive esti...