Like many in academia, Kocherlakota associates modern macroeconomics with a particular school of thought that takes something called the “Lucas critique” as its guiding principle. The Lucas critique refers to an argument put forth by the Nobel Prize-winning macroeconomist Robert Lucas about how the changing expectations of economic agents will confound forecasting and policy analysis based on m...

A wealth of evidence indicates that oxidized low density lipoprotein (LDL) may be of central importance in animal models of atherogenesis. In recent clinical trials, however, dietary vitamin E supplements have not consistently prevented cardiac events in humans with established coronary artery disease. Such mixed results have led many to question the role of LDL oxidation in human atheroscleros...

Simulation of complex cloth-like visco-elastic materials is a hot topic today as more and more fields of application are discovered in research and industry. Theoretical foundations are needed to describe the non-linear physical properties of a material and to introduce its simulation with the desired accuracy and runtime characteristics. Particle based mass-spring models and semi-implicit inte...