This paper develops a general equilibrium model with the banking system and the reserves market, where the central bank a¤ects the federal funds rate through open market operations. We show that when the coe¢ cient that measures the response of the federal funds rate to the in‡ation rate falls below a threshold value, which is very small, the economy will have two steady states, where the low-e...

www.chestpubs.org (prostacyclin) therapy in primary pulmonary hypertension . N Engl J Med . 1998 ; 338 ( 5 ): 273 277 . 4 . van Hoff J , Berg AT , Seashore JH . The effect of right atrial catheters on infectious complications of chemotherapy in children . J Clin Oncol . 1990 ; 8 ( 7 ): 1255 1262 . 5 . Decker MD , Edwards KM . Central venous catheter infections . Pediatr Clin North Am . 1988 ; 3...

Woodford (2007) argues that it is not appropriate to regard inflation in the steady state of New Keynesian models as determined by steady-state money growth. Woodford instead argues that the intercept term in the monetary authority’s interest-rate policy rule determines steady-state inflation. In this paper, I offer an alternative interpretation of steady-state behavior, according to which it i...

This paper provides a method to estimate time varying coe¢ cients structural VARs which are non-recursive and potentially overidenti…ed. The procedure allows for linear and non-linear restrictions on the parameters, maintains the multi-move structure of standard algorithms and can be used to estimate structural models with di¤erent identi…cation restrictions. We study the transmission of moneta...

This paper is the first of two from the Monetary Services Indices (MSI) Project at the Federal Reserve Bank ofSt. Louis. The second paper, Working Paper 96-008B, summarizes the methodology, construction and data sourcesfor the an extensive new database of monetary services indices, often referred to as Divisia monetary aggregates, for the United States. This paper surveys the microeconomic theo...

in this paper, we study cyclic surfaces in 5 1 e generated by homothetic motions of a lorentziancircle. the properties of these cyclic surfaces up to first order are investigated. we show that, as it is shown ine5 , cyclic 2-surfaces in 5 1 e , in general, are contained in canal hypersurfaces. finally, we give an example.

heretofore, a vast spectrum of pattern recognition methods has been considered by researchers to design credit scoring models. but what has not been considered enough in these studies is the lack of consideration of the needs of this subject which differentiate it from a simple classification. it is necessary to observe the costs of a wrong classification, because practically the cost of improp...