We study the optimal anticipated policy in a pure-currency economy with flexible prices and a nondegenerate distribution of money holdings. The economy features a business cycle and lump-sum monetary injections have distributional effects that depend on the state of the cycle. We parsimoniously characterize the dynamics of the economy and study the optimal regulation of the money supply as a fu...

We study a business cycle model in which a benevolent fiscal authority must determine the optimal provision of government services, while lacking credibility, lump-sum taxes, and the ability to bond finance deficits. Households and the fiscal authority have risk sensitive preferences. We find that outcomes are affected importantly by the household’s risk sensitivity, but not by the fiscal autho...

Over the past decade or so, many private and publicly held companies have moved away from providing employees with company-funded pensions upon retirement to a retirement system that requires both employee and company contributions to fund an individual’s retirement. These so-called 401(k) retirement plans usually require the employee to choose among different investment vehicles, including mut...

Co-location is compatible with the doctrine of microphysical supervenience. Microphysical supervenience involves intrinsic qualitative properties that supervene on microphysical structures. Two different objects, such as Socrates and the lump of tissue of which he is constituted, can be co-located objects that supervene on different sets of properties. Some of the properties are shared, but oth...

Fluidized bed techniques are employed in coal combustion power plants, because they allow for the use of low-quality fuel and result in low pollutant emissions. The most important dynamical difference between fluidized beds and normal combustion chambers, is that the former are characterized by a significant loading of carbon, usually absent in conventional plants. Fluidized beds are remarkably...

Lappeenranta University of Technology Faculty of Technology Master’s Degree Programme in Technomathematics and Technical Physics Tatiana Pavlenko Tunable lumped-element bandpass filters for Cognitive Radio application Master’s thesis 2013 56 pages, 48 figures, 2 tables Examiners: Professor Erkki Lähderanta D. Sc. (Tech.) Tauno Vähä-Heikkilä

Network-oriented methods applied to electromagnetic field problems can contribute significantly to the problem formulation and solution methodology and to a reduction of computational effort and allow a systematic introduction of hybrid methods. In network theory systematic approaches for circuit analysis are based on the separation of the circuit into the connection network and the circuit ele...

This paper summarizes the development of compact and highly integrated microwave and millimeter wave radio front-end System-on-Package (SOP). The three-dimensional transceiver front-end SOP architectures incorporate onpackage integrated lumped element passives as well as RF functions primarily filters, baluns, and antennas in standard multi-layer LTCC and fully-organic technologies. In addition...

The lumped network alternating direction implicit finite difference time domain (LN-ADI-FDTD) technique is proposed as an extension of the conventional ADI-FDTD method in this paper, which allows the lumped networks to be inserted into some ADI-FDTD cells. Based on the piecewise linear recursive convolution (PLRC) technique, the current expression of the loaded place can be obtained. Then, subs...

Identifying clusters, namely groups of nodes with comparatively strong internal connectivity, is a fundamental task for deeply understanding the structure and function of a network. By means of a lumped Markov chain model of a random walker, we propose two novel ways of inferring the lumped markov transition matrix. Furthermore, some useful results are proposed based on the analysis of the prop...