The Sonic Boom Simulator of the Langley Research Center was used to quantify subjective loudness response to boom signatures consisting of: (a) simulator reproductions of booms recently recorded at White Sands Missile Range; (b) idealized N-waves; and (c) idealized booms having intermediate shocks. The booms with intermediate shocks represented signatures derived from CFD predictions. The recor...

At the current juncture, the focus has shifted from equity price to housing price bubbles, given striking recent price increases in this asset class in a number of industrial countries (IMF (2003)). However, large price increases – which will be referred to as booms – are only a sufficient but not necessary conditions for bubbles. Historically, many episodes of large asset price increases did n...

A dual-matrix composite boom is proposed as a way of realizing a deployable closed cross-section boom that is stiff, lightweight, and can be packaged in small volumes. Little work exists studying the folding and deployment behavior of closed cross-section boom made of composite shells and this paper addresses this by investigating the behavior for two closed cross-section designs. Experimental ...

This paper explores the implications of the political economy model of Battaglini and Coate (2008) for the behavior of fiscal policy over the business cycle. The model predicts that fiscal policy is counter-cyclical with debt increasing in recessions and decreasing in booms. Public spending increases in booms and decreases during recessions, while tax rates decrease during booms and increase in...

In our paper targets, by setting a reserve price, screen acquirers on their (expected) ability to generate merger-specific synergies. Both empirical evidence and many common merger models suggest that the difference between highand low-synergy mergers becomes smaller during booms. This implies that the target’s opportunity cost for sorting out relatively less fitting acquirers increases and, he...

SUMMARY The sonic boom simulator of the Langley Research Center was used to quantify subjective loudness and annoyance response to simulated indoor and outdoor sonic boom signatures. The indoor signatures were derived from the outdoor signatures by application of house filters that approximated the noise reduction characteristics of a residential structure. Two indoor listening situations were ...

Using a new country-level panel database, we explore effect of capital inflow surges, credit booms and financial fragility on the probability of banking crises. We find that booms increase the probability of a crisis only in relatively fragile financial systems. © 2015 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY license (http://creativecommons.org/lice...