Recent work has found that, without the benefit of hindsight, it can prove difficult for policy-makers to pin down accurately the current position of the output gap; real-time estimates are unreliable. However, attention primarily has focused on output gap point estimates alone. But point forecasts are better seen as the central points of ranges of uncertainty; therefore some revision to real-t...

In this paper, a 0.18-V input three-stage charge pump circuit applying forward body bias is proposed for energy harvesting applications. In the developed charge pump, all the MOSFETs are forward body biased by using the inter-stage/output voltages. By applying the proposed charge pump as the startup in the boost converter, the kick-up input voltage of the boost converter is reduced to 0.18 V. T...

there is little consensus on the corporate diversification-efficiency relationship in the diversification literature. according to the corporate diversification, firms have a tendency to get more market share with diversifying in the local segment or in the international market. theoretically, a contradictory exists between the profitable strategy and the value reducing strategy in the diversif...

In the heart, the rapid propagation and synchronization of action potentials necessary for a normal heart rhythm and an effective cardiac output are mediated by specialized ionic channels that link adjacent cells and are known collectively as gap junctions. Cardiac gap junctions are gated by various physiological and pharmacological agents, but the role of voltage in their gating is unclear. Wh...

I study optimal monetary policy when both the central bank and the private sector have imperfect information about the underlying economy. I model forward guidance as providing the central bank’s own forecast on optimal policy conditional on its own imperfect information. When the private sector has rational expectation, it is able to infer the imperfect information held by the central bank fro...

In this paper, the heat transfer to the fluid, passing through the double forward facing step (FFS) channel with square obstacle is enhanced by Taguchi’s S/N ratio analysis. Flow through the forward facing step channel has a wide range of applications in thermal systems due to its flow separation and subsequent reattachment, which in turn enhances the heat transfer. Flow separation and reattach...

This paper undertakes a cross-country study on the price-output gap relationship for selected industrial countries (Japan, the U.S., Germany, the U.K. and Canada). The estimation results show that the price-output gap relationship in these countries can be classified into two categories: (1) a Phillips Curve-type (in which the output gap fluctuation affects the inflation rate); and (2) a NAIRU ...

Yes, it makes a lot of sense. Using the Smets and Wouters (2007) model of the U.S. economy, we find that the role of the output gap should be equal to or even more important than that of annualized inflation when designing a simple loss function to represent household welfare. The high weight on the output gap is driven by several important characteristics in the estimated model, including a lo...