The authors illustrate how to perform maximum-likelihood estimation in latent c lass ( L C ) analy sis when there are sampling weig hts. The methods are natural extensions of the approac hes proposed b y C log g and E liason ( 1 9 8 7 ) and M ag idson ( 1 9 8 7 ) for dealing with sampling weig hts in the log linear analy sis of freq uenc y tab les. F or the log -linear form of the L C model, th...

It has been widely accepted that politically induced variance can be generated when the wage contract is written before an election. In this paper, we show that in°ation contracts and in°ation targets can eliminate both the in°ation bias and politically induced variance, if electoral uncertainty is merely due to di®erent preferences. In contrast to the independent central bank that is based on ...

background and objectives: numerous procedures in biology and medicine require the counting of cells. direct enumer- ation of colony forming units (cfus) is time-consuming and dreary accurate cell counting on plates with high numbers of cfus is error prone. in this study we report a new indirect cell counting method that was developed based on the use of redsafe fluorometric assay. the usefulne...

Matters have come to a pretty pass when an offi cial of the largest commercial bank in the land publicly mocks the central bank’s undying concern about infl ation. The tale is told in The Globe and Mail (01/26, “Missing in action at a mall near you: Infl ation” by Heather Scoffi eld): “The DVD player selling for $39.95 is putting the Bank of Canada in a quandary. “Prices for electronics and imp...

In‡ation targeting is shown to imply in‡ation forecast targeting: the central bank’s in‡ation forecast becomes an explicit intermediate target. In‡ation forecast targeting simpli...es both implementation and monitoring of monetary policy. The weight on output stabilization determines how quickly the in‡ation forecast is adjusted towards the in‡ation target. Money growth or exchange rate targeti...

This paper investigates the relationship between short term and long term in‡ation expectations in the US and the UK with a focus on in‡ation pass through (i.e. how changes in short term expectations a¤ect long term expectations). An econometric methodology is used which allows us to uncover the relationship between in‡ation pass through and various explanatory variables. We relate our empirica...

We provide a new perspective on disagreement in in‡ation expectations by examining the full probability distributions of UK consumer in‡ation forecasts based on an adaptive bootstrap multimodality test. Furthermore, we compare the in‡ation forecasts of the Bank of England’s Monetary Policy Committee (MPC) with those of UK consumers, for which we use data from the 2001-2007 February GfK NOP cons...

The stochastic block model for one community with parameters n,K, p, and q is considered: K out of n vertices are in the community; two vertices are connected by an edge with probability p if they are both in the community and with probability q otherwise, where p > q > 0 and p/q is assumed to be bounded. An estimator based on observation of the graph G = (V,E) is said to achieve weak recovery ...

The primary objective of Eurosystem monetary policy is to maintain price stability, de…ned as an annual increase in the HICP below two percent. 1 Because of the lags in the e¤ects of monetary-policy actions on aggregate demand and in ‡ation, monetary-policy actions cannot a¤ect current in ‡ation and output, nor in ‡ation or output in the near future. A rough benchmark is that monetary policy a¤...