Abstract The purpose of this paper is to test the hypothesis first proposed by Romer (1993); suggesting that inflation is lower in more open economies. According to this hypothesis, central banks have a lower incentive to engineer surprise inflations in more-open economies because the Phillips curve is steeper. Furthermore, Comparing with other empirical studies, this paper has used the new KOF...

We extend the isotonic analysis for Wicksell's problem to estimate a regression function, which is motivated by the problem of estimating dark matter distribution in astronomy. The main result is a version of the Kiefer–Wolfowitz theorem comparing the empirical distribution to its least concave majorant, but with a convergence rate n −1 log n faster than n −2/3 log n. The main result is useful ...

The iterative learning control (ILC) is considered for the HammersteinWiener (HW) system, which is a cascading system consisting of a static nonlinearity followed by a linear stochastic system and then a static nonlinearity. Except the structure, the system is unknown, but the system output is observed with additive noise. Both the linear and nonlinear parts of the system may be time-varying. T...

T his study investigates the short-run and long-run impact of real exchange rate misalignment and volatility on Indonesian export to the US by exploiting the disaggregated data of export volume. The proxy of real exchange rate misalignment was obtained by estimating the fundamental equilibrium exchange rate (FEER) model, and the exchange rate volatility measured by employing the GARC...

Unit testing in the presence of side e ects requires the construction of a suitable test xture before each test run. We consider the problem of providing test xtures for unit testing of client-side JavaScript code that manipulates its underlying web page. We propose using techniques from software transactional memory to restore the test xture after each test run.