The main purpose of this paper is to propose an alternative way of explaining – within the bargaining theory framework – the stylised fact of flat wages and employment bearing all the adjustment to shocks. Standard models predict this behaviour under the assumptions of a constant elasticity production function and a reservation wage independent of shocks. Once the latter is removed, however, th...

This paper explains why the overall stance of monetary policy is effected by both interest rates and the exchange rate, and hence why a Monetary Conditions Indicator can provide useful information about the stance of policy. Three output gap equations estimated in this paper reveal that the real interest rate and the real exchange rate both affect excess demand but that the real interest rate i...

Bu çalışmada, saf ve nadir toprak elementlerinden olan Lantan (La) katkılı kadmiyum oksit (CdO) nanoparçacıkları sol-jel yöntemi ile üretildi. Katkılama farklı mol yüzdelerinde (1%, 3%, 5% 7%) gerçekleştirildi. Üretilen nanoparçacıklar FE-SEM, EDX, XRD FT-IR analizleri karakterize edildi. Farklı oranlardaki La CdO nanoparçacıkların dielektrik sabiti, kayıp faktörü ac iletkenlik değerleri oda sı...

A tanulmány a cseh animációs filmrendező, Jiří Trnka (1912–1969) 1945-46-ban készített rajzfilmjeire fókuszál, és azt szlogent igyekszik körüljárni, miszerint az alkotó „Kelet Walt Disney-jének” tekinthető. dolgozat négy alulértékelt korai rajzfilmjét, nagyapó répát ültetett (Zasadíl dědek řepu. 1945), Az állatok petroviak (Zvířátka petrovští. 1946), Pérák SS (Pérák SS. 1946) ajándék (Dárek. cí...

This paper estimates a class of models which satisfy a monotonicity condition on the conditional quantile function of the response variable. This class includes as a special case the monotonic transformation model with the error term satisfying a conditional quantile restriction, thus allowing for very general forms of conditional heteroscedasticity. Furthermore, the monotonicity condition enab...