This year’s MIT Center for Biomedical Innovation BioMAN Summit will focus on Real Time Release, and posters on topics related to the general theme are welcome for consideration. Read full details, including information regarding student poster prizes, here. While this call for posters focuses on the applications of Real Time Release (RTR) to biopharmaceutical manufacturing, it will consider res...

Macroeconomists—especially those studying monetary policy—often view the business cycle as a transitory departure from the smooth evolution of a neoclassical growth model. Important ideas contributed by Friedman, Lucas, and the developers of the sticky-price macro model generate this type of aggregate behavior. But the realbusiness cycle model shows that the neoclassical model implies anything ...

Abstract. The relationship between momentum and energy transport is investigated with focus on understanding recent experimental observations, using global gyrokinetic simulations with proper coupling between turbulence and neoclassical dynamics. First, a large inward flux of toroidal momentum is found robustly in the post saturation phase of ion temperature gradient (ITG) turbulence. As a cons...

This paper is a critical review of and a reader’s guide to a collection of papers by Robert E. Lucas, Jr. about fruitful ways of using general equilibrium theories to understand measured economic aggregates. These beautifully written and wisely argued papers integrated macroeconomics, microeconomics, finance, and econometrics in ways that restructured big parts of macroeconomic research. 1 Arro...

This chapter develops a toolkit of neoclassical macroeconomic models, and applies these models to the U.S. economy from 1929 through 2014. We first filter macroeconomic time series into business cycle and long-run components, and show that the long-run component is typically much larger than the business cycle component. We argue that this empirical feature is naturally addressed within neoclas...

The traditional interpretation of statistical confidence is mathematically descriptive. As such it provides little guidance for decision making. Three alternate interpretations of confidence are presented: the Bayesian, the pragmatic and one proposed by the author labeled herein as the neoclassical. Each alternate explanation argues that in some way a confidence interval and a numerically equiv...