This paper discusses the money demand function in China. We use Cointegration technique and Error Correction Model to estimate the long-run and short -run money demand function. We find that M2 aggregate appears to be cointegrated with price level and income. We also specified a satisfying error correction model for M2.

I make a rough estimate of the accuracy threshold for fault tolerant quantum computing with concatenated codes. First I consider only gate errors and use the depolarizing channel error model. I will follow P.Shor [1] for fault tolerant error correction (FTEC) and the fault tolerant implementation of elementary operations on states encoded by the 7-qubit code. A simple computer simulation sugges...

Over the past three decades vertical price transmission analysis has been the subject of considerable attention in applied agricultural conomics. It has been argued that the existence of asymmetric price transmission generates rents for marketing and processing agents. Retail prices allegedly move faster upwards than downwards in response to farm level pricemovements. This is an important issue...

An algorithm is presented for error correction in the surface code quantum memory. This is shown to correct depolarizing noise up to a threshold error rate of 18.5%, exceeding previous results and coming close to the upper bound of 18.9%. The time complexity of the algorithm is found to be polynomial with error suppression, allowing efficient error correction for codes of realistic sizes.

This paper examines downward price rigidity in Iranian house market and discusses whether this characteristic would result in an asymmetric relationship between house price and monetary policy. To test the downward house price rigidity the threshold GARCH model is employed. The asymmetric adjustment to monetary policy is examined using the asymmetric cointegration and error correction models. T...