In this paper we quantitatively investigate the boom and the bust of the Japanese economy during 1980–2000 using the business cycle accounting technique. This method helps us identify the distortion margins called ''wedges'' that played a significant role in accounting for the output fluctuations. Applying our model to Japan, we find that efficiency and investment wedges can almost wholly accou...

The authors thank the National Science Foundation for support. The views expressed herein are those of the authors and not necessarily those of the Federal Reserve Bank of Minneapolis or the Federal Reserve System. The views expressed herein are those of the authors and not necessarily those of the National Bureau of Economic Research. All rights reserved. Short sections of text, not to exceed ...

We propose and demonstrate a simple method for guiding researchers in developing quantitative models of economic fluctuations. We show that a large class of models are equivalent to a prototype growth model with time-varying wedges that resemble time-varying productivity, labor taxes, and capital income taxes. We use data to measure these wedges, called efficiency, labor, and investment wedges,...

In this proceedings a particular example from [KMPY] is presented: the construction of the level 2 Fock space of Uq(ŝl2). The generating ideal of the wedge relations is given and the wedge space defined. Normal ordering of wedges is defined in terms of the energy function. Normally ordered wedges form a base of the wedge space. The q-deformed Fock space is defined as the space of semi-infinite ...

The nonphysical wedge is a modality that uses computer-controlled jaw motion to generate wedge-shaped dose distributions. There are Varian enhanced dynamic wedges (EDWs) and Siemens virtual wedges (VWs). We recently commissioned dynamic wedges on both Varian and Siemens LINACs. The beam data, acquired with a Wellhofer chamber array and a Sun Nuclear profiler, are used for modeling in the ADAC P...

Lateral wedges were originally proposed to manage medial compartment osteoarthritis of the knee but recent reviews suggest that lateral wedges do not affect disease progression. We performed a systematic review to analyse the recent literature and define how effective, if at all, lateral wedges are in the management of medial compartment osteoarthritis of the knee. The inclusion criteria were d...

In this paper, symmetric water entry of twin wedges is investigated for deadrise angle of 30 degree. Three numerical simulation of a symmetric impact, considering rigid body dynamic equations of motion in two-phase flow is presented. The two-phase flow around the wedges is solved by Finite Element based on Finite Volume method (FEM-FVM) which is used in conjunction with Volume of Fluid (VOF) sc...