Les maîtrises (ou masters) en recherche design permettent aux étudiant·e·s de se spécialiser explorant un objet d’étude leur choix avec une formation axée sur démarche scientifique. À partir d’une étude cas la maîtrise mémoire (MDM) à l’École l’Université Laval, il appert qu’une certaine con...

We document the presence of sizable distributional e¤ects from unexpected price level movements in the Euro Area (EA) using sectoral accounts and newly available data from the Household Finance and Consumption Survey. The EA as a whole is a net winner of unexpected price level increases, with Italy, Greece, Portugal and Spain being the biggest bene…ciaries, and Belgium and Malta being the large...

A COMBINED APPROACH OF CLUSTERING AND SUPPORT VECTOR CLASSIFIERS LOUIS VUURPIJL AND LAMBERT SCHOMAKER vuurpijl ni i.kun.nl,s homaker ni i.kun.nl, http://hwr.ni i.kun.nl This paper des ribes a two-stage lassi ation method for (1) lassi ation of isolated hara ters and (2) veri ation of the lassi ation result. Chara ter prototypes are generated using hierar hi al lustering. For those prototypes kn...

Views stated in Policy Discussion Papers are those of the authors and not necessarily those of the Federal Reserve Bank of Cleveland or of the Board of Governors of the Federal Reserve System. Materials may be reprinted, provided that the source is credited. Please send copies of reprinted materials to the editor. thank Patrick Higgins for his research assistance and Monica Crabtree-Reusser for...

We present a detailed investigation of chaotic in ation models which feature two scalar elds, such that one eld (the in aton) rolls while the other is trapped in a false vacuum state. The false vacuum becomes unstable when the magnitude of the in aton eld falls below some critical value, and a rst or second order transition to the true vacuum ensues. Particular attention is paid to the case, te...

The primary goal of monetary policy in most countries is low infl ation. And a major consideration for the monetary policy decision is the forecast for infl ation over the next couple of years. One important input into these forecasts is a judgment on the current level of infl ationary pressures. But, unfortunately, the data for headline infl ation released each quarter (in Australia) or each m...

This paper is a brief evaluation of the Eurosystem's monetary-policy regime after its first year, in particular of the extent to which it is similar to inflation targeting as practiced by an increasing number of central banks. I examine the Eurosystem's goals, framework for monetary-policy decisions and communication with outsiders. Criteria for evaluation are whether the goals are unambiguous ...

Information Complexity Alexander Koza hinsky∗ ∗Mos ow State University, Fa ulty of Me hani s and Mathemati s kozla h mail.ru 2014 Abstra t We prove a version of "Reversed Newman Theorem" in ontext of information omplexity: every privateoin ommuni ation proto ol with information omplexity I and ommuni ation omplexity C an be repla ed by publi oin proto ol with the same behavior so that it's info...

Working papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded offi cial Federal Reserve Bank of Cleveland publications. The views stated herein are those of the authors and are not necessarily those of the Federal Reserve Ban...