BACKGROUND AND OBJECTIVES Peritoneal protein clearance (Pcl) is determined by both effective (small pores) membrane area and relative capillary leakiness (large pores). It is not known how these two components change with duration of peritoneal dialysis (PD) in the context of progressive membrane injury and differential attrition of patients with higher Pcl, which has been associated with incre...

Face images in a video sequence should be registered accurately before any analysis, otherwise registration errors may be interpreted as facial activity. Subpixel accuracy is crucial for the analysis of subtle actions. In this paper we present PSTR (Probabilistic Subpixel Temporal Registration), a framework that achieves high registration accuracy. Inspired by the human vision system, we develo...

Abstract Using a panel smooth transition regression framework on new proxy of the business cycle (BC) index and quarterly data US bank holding companies from 1993Q1 to 2020Q1, our results provide empirical support for theory that BC has nonlinear effect liquidity creation. We find positive highly significant creation, which not only supports pro‐cyclicality creation but also improves estimation...

The theory of intertemporal consumption choice makes sharp predictions about the evolution of the entire distribution of household consumption, not just about its conditional mean. In the paper, we study the empirical transition matrix of consumption using a panel drawn from the Bank of Italy Survey of Household Income and Wealth. We estimate the parameters that minimize the distance between th...

This paper develops a smooth transition GARCH model with an asymmetric transition function, which allows for an asymmetric response of volatility to the size and sign of shocks, and an asymmetric transition dynamics for positive and negative shocks. We apply our model to the empirical financial data: the NASDAQ index and the individual stock IBM daily returns. The empirical evidence shows that ...

Article history: Received 7 October 2014 Received in revised form 28 January 2015 Accepted 28 January 2015 Available online 7 February 2015 The objectives of this study are two-fold: i) to derive time-varying exchange rate pass-through (ERPT) degree and ii) investigate the macroeconomic determinants of the degree of ERPT. For this purpose, the study adopts a distinct methodology combining Dynam...