There is a significant amount of empirical evidence to suggest that the yield curve is useful for forecasting inflation, recessions, and possibly even the growth rate of real output. This essay considers the theoretical reasons why the yield curve may have these predictive properties. It is found that the essential reason why the yield curve predicts inflation and recessions is that it, through...

This paper documents predictable time-variation in the real return beta of U.S. Treasury inflation protected securities (TIPS) and in the Sharpe ratios of both indexed and conventional bonds. The conditional mean and volatility of both bonds and their conditional correlation are first estimated from predetermined variables. These estimates are then used to compute conditional real return betas ...

This paper describes the process of integrating into a rule-based parser a set of approximately 1,000 nominal predicates forming support verb constructions (SVC) with the verb dar ‘give’ in Brazilian Portuguese. The system was evaluated on a sample of 580 sentences containing verb-noun combinations candidates to SVC, manually and independently annotated. Best results yield 85% precision, 79% re...

This paper presents a roadmap to deliver tools able to model and predict the behaviour of neologisms in the form of nominal compounds. Quite often these compounds yield meanings (in our case, word associations) that are not related to the components of the compounds taken individually. Classical probabilities cannot handle this effect, thus a framework based on quantum probability to model the ...

We describe a synthesis system that takes operating range constraints and inter and intracircuit parametric manufacturing variations into account while designing a sized and biased analog circuit. Previous approaches to computer-aided design for analog circuit synthesis have concentrated on nominal analog circuit design, and subsequent optimization of these circuits for statistical fluctuations...