This paper presents preliminary fi ndings and is being distributed to economists and other interested readers solely to stimulate discussion and elicit comments. The views expressed in this paper are those of the author and are not necessarily refl ective of views at the Federal Reserve Bank of New York or the Federal Reserve System. Any errors or omissions are the responsibility of the author....

This paper characterizes the properties of various interest-rate rules in a basic forwardlooking model. We compare simple Taylor rules and rules that respond to price-level fluctuations (called Wicksellian rules). We argue that by introducing an appropriate amount of history dependence in policy, Wicksellian rules perform better than optimal Taylor rules in terms of welfare, robustness to alter...

This paper presents improved relaxed stabilization conditions and design procedures of state observer based controllers for continuous nonlinear systems in T-S model representation. First, the T-S model approach for nonlinear systems and some stabilization results are recalled. New stabilization conditions are obtained by relaxing those derived in previous works in this field. The asymptotic an...

We study the scenario where a transient batch of faults hit a minority of the nodes in a distributed system by corrupting their state. We concentrate on the basic persistent bit problem, where the system is required to maintain a 0/1 value in the face of transient failures by means of replication. We give an algorithm to stabilize the value to a correct state quickly; that is, denoting the unkn...

The S.T.A.B.L.E. Program is the first neonatal continuing education program to focus exclusively on the post-resuscitation/pre-transport stabilization care of sick infants. Neonatal Resuscitation Program provides the requisite education for healthcare providers to safely and systematically resuscitate neonates. However, those infants who require resuscitation also require ongoing care to decrea...