Discussions of fiscal policy often originate with central banks. This conference is organized by one; the Bank of England was created to help the British government finance its deficit; and it was in the Federal Reserve Bank of Minneapolis’ Quarterly Review that in 1981, Tom Sargent and Neil Wallace published their well-known article “Some Unpleasant Monetarist Arithmetic.” Their basic proposit...

Stored-Value Cards (SVCs) are a kind of smartcards that can be used to store monetary values. SVCs have demonstrated a wide range of applications in commerce. SVCs are in general tamper-resistant, but they are very computationally weak and their security mechanisms are also weak against side-channel attacks. In this paper, we propose an efficient and secure stored-value card system. With the he...

We introduce arbitrary precision arithmetic to resolve practical difficulties arising in the identification analysis of dynamic stochastic general equilibrium (DSGE) models. A three-step procedure is proposed address local and global empirical distance between The method applied monetary fiscal policy interaction models, revealing exact observational equivalence a small-scale model an indetermi...

The design of time-domain equalizers or TEQs for discrete multitone modulation (DMT) systems has recently received much attention. In this paper, we present a generalization of one such design method which takes into account the noise observed in a DMT channel. Furthermore, we show how this generalization can be used for the design of fractionally spaced equalizers or FSEs. Experimental results...

Tone reservation peak-to-average (PAR) ratio reduction is an established area when it comes to bringing down signal peaks in multicarrier (DMT or OFDM) systems. When designing such a system, some questions often arise about PAR reduction. Is it worth the effort? How much can it give? How much does it give depending on the parameter choices? With this paper, we attempt to answer these questions ...

We construct cooperative diversity coding schemes that mitigate the effects of symbol asynchronicity among network users. We do so by modifying, at the expense of implementation practicality, the signaling complexity of well behaved existing schemes. The modification allows the same good performance (DMT optimality) in the presence of synchronicity, and almost-surely permits full-diversity gain...

evaluating and selecting alternatives investment projects needs considering all relevant and important aspects. in traditional methods, the focus is just on tangible monetary criteria. also in the traditional methods, either all the information’s about factors must be known precisely or sufficient objective data must be available for applying probability theory. in this paper, a combinative app...