Exchange rates forecasting performance is tested by a model which incorporates endogenous monetary policy through a Taylor rule reaction function. Other usual monetary and equilibrium empirical exchange rate models are also evaluated for comparison purposes. Predictability is tested by comparing the models to a benchmark random-walk specification. We contribute to the recent literature in many ...

The local Langlands correspondence for GL(n) of a non-Archimedean local field F parametrizes irreducible admissible representations of GL(n, F ) in terms of representations of the Weil-Deligne group WDF of F . The correspondence, whose existence for p-adic fields was proved in joint work of the author with R. Taylor, and then more simply by G. Henniart, is characterized by its preservation of s...

in industry, flow instabilities are important in journal bearings at high rotational speeds. for inviscid flows between two rotating coaxial cylinders, an instability criterion was introduced by taylor-couette. however, viscosity may play as stabilizer or destabilize in such flows. in this work, stability theories were reviewed for two coaxial rotating cylinders. then, flow instability patterns...