This paper shows that a market price of nominal risk plays an important role in the determinacy of the price of money under a stochastic continuous−time monetary economy. It is presented that a sufficient condition for the determinacy of the price of money is either an exogenously given nominal short rate or an exogenously given market price of nominal risk, which implies that a different marke...

Extracting open relational tuples that are mediated by nouns (instead of verbs) is important since titles and entity attributes are often expressed nominally. While appositives and possessives are easy to handle, a difficult and important class of nominal extractions requires interpreting compound noun phrases (e.g., “Google CEO Larry Page”). We substantially improve the quality of Open IE from...

Fe, Co, and Ni are catalytically effective for growing single-walled carbon nanotubes (SWNTs). On substrates, however, Ni tends to yield only multi-walled carbon nanotubes. Because enhanced surface diffusion at the elevated growth temperature required for deposition might cause coarsening of Ni catalyst nanoparticles, adjusting the nominal Ni thickness should be crucial for controlling the part...

Most analyses of monetary policy delegation schemes typically ignore the behavior of the fiscal policy maker. The paper investigates how monetary price level targeting or monetary nominal income targeting may yield social gain in an economy with government debt and where the fiscal policymaker, acting strategically, may take counter actions. We argue that the choice of fiscal policy instrument ...

in order to investigate the impact of government policies on supply, cropping area and yield of sugar beet during 1981-2003, nominal rate of protection (nrp) was applied as a variable to persuade government’s policies in this study. results showed that despite of its negative impacts on cropping area, the nrp has positive effects on supply and yield of sugar beet iniran. moreover, real price of...

In this paper we discuss the statement of Yield Maximization problem and the choice of design parameters when considering statistical design of monolithic ICs. Specifically, yield maximization cannot be carried out in terms of the nominal values of the eiecxncai parameiers oc iw s eminents. MI extension to me exisong methods and a new formulation of the Yield Maximization problem for monolithic...

I nvestors and market analysts generally believe that the yield on a nominal bond includes an inflation risk premium to compensate investors for bearing the inflation risk associated with the bond. Knowing how much of a risk premium investors require on nominal bonds can be valuable information for policymakers. For government Treasuries, the size of the risk premium represents the potential in...

We decompose the term structure of expected equity returns into (1) the real short rate, (2) a premium for holding real long-term bonds, or the real duration premium, the excess returns of nominal long-term bonds over real bonds which reflects (3) expected inflation and (4) inflation risk, and (5) a real cashflow risk premium, which is the excess return of equity over nominal bonds. The shape o...

0957-4174/$ see front matter 2010 Elsevier Ltd. A doi:10.1016/j.eswa.2010.02.014 * Corresponding author. E-mail addresses: [email protected] (R. Roy), (S.P. Ghoshal). In this paper, various novel heuristic stochastic search techniques have been proposed for optimization of proportional–integral-derivative gains used in Sugeno fuzzy logic based automatic generation control of multi-area ther...