This paper studies the response of the nominal exchange rate to monetary shocks in an economy with consumption home bias (CHB) and sticky wages. The importance of accounting for the exchange rate with CHB are twofold. CHB is a consequence of the small open economy assumption when outputs are specialized and fluctuations in the relative price of traded goods generate deviations from purchasing p...

Gollier and Weitzman (2010) show that if future consumption discount rates are uncertain and persistent, the consumption discount rate should decline to its lowest possible value for events in the most distant future. In this paper, I argue that the lowest possible growth rate of consumption per capita in the distant future is zero (assuming that humans do not die out). Substituting in the Rams...

Limited battery power is a typical constraint in stand-alone embedded systems. One way to extend the battery lifetime is by reducing CPU power consumption. Because of the quadratic relationship between power consumption in CMOS circuits and CPU voltage, power reduction can be obtained by scaling down supply voltage, or Dynamic Voltage Scaling. However, reducing supply voltage slows down CPU spe...

the existing studies of threshing process of combine harvesters adopt the assumption of constant mass, which is contradictory to the phenomenon of separation of grains and short stalks in actual threshing process. therefore, the characteristics of threshing and separation are not accurately described. aiming at this problem, this study established the tangential-longitudinal threshing and separ...