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...

This paper studies the effect of real effective exchange rate (REER) volatility on economic growth as well as the euro’s effect on REER volatility. We first show that, after a plausible endogeneity correction, REER volatility is negatively associated with growth in a 1980~2011 panel of OECD countries. One standard deviation volatility decrease is associated with about two percentage points (0.8...

Electroencephalographic (EEG) frontal alpha asymmetry (FAA) and frontal midline (FM) theta have been suggested as biomarkers for depression and anxiety, but have mostly been assessed in small and non-clinical studies. In a clinical sample of 79 adults with depression (ICD-10: F32), resting EEG and scales of depression (MADRS) and anxiety (HADS-A) were measured at intake and after 3 months. FAA ...

In this paper I analyze whether restrictions to capital mobility reduce countries’ vulnerability to major external shocks. More specifically, I ask if countries that restrict the free flow of international capital have a lower probability of experiencing a sudden stop and being subject to contagion than countries that have a freer degree of capital mobility. I use three new indexes on the degre...

The wild McEliece cryptosystem uses wild Goppa codes over finite fields to achieve smaller public key sizes compared to the original McEliece cryptosystem at the same level of security against all attacks known. However, the cryptosystem drops one of the confidence-inspiring shields built into the original McEliece cryptosystem, namely a large pool of Goppa polynomials to choose from. This pape...

Isoelectric focusing in thin-layer polyacrylamide gel has been applied to studies of urinary proteins. We could differentiate the following patterns: tubular, glomerular with high and low selectivity, as well as mixed glomerular and tubular patterns, as seen in some cases of chronic pyelonephritis and uremia. The typical tubular-protein patterns-i.e., as developed in association with cadmium ex...

According to the Harberger-Laursen-Metzler (HLM) effect an exogenous increase in the terms of trade faced by a small open economy leads to an improvement in that country’s trade balance. In this paper structural vector autoregression techniques are used to investigate whether there is any systematic pattern in the responses of the trade balance to terms of trade shocks for a large number of sma...

Estimating the price elasticity of China’s imports is difficult because many imports are used to produce exports and because the real effective exchange rate has remained fairly stable. To circumvent the first problem, we control for re-exports, and to increase the discriminatory power of the tests, we employ a panel data set including imports from 25 countries. The results indicate that a 10 p...

Depression (ICD–10 F32, F33 or DSM equivalent) is a common disease. In 1990, in established market economies, depression was estimated to be second only to ischaemic heart disease as a cause of disease burden. It was the largest single cause of non-fatal burden (Murray & Lopez, 1996). It is a disease that often remits and recurs (Andrews, 2001), but does it remit and recur among a restricted nu...

Do remittances sent by overseas migrants serve as insurance for recipient households? In a study of how remittances from overseas respond to income shocks experienced by Philippine households, changes in income are found to lead to changes in remittances in the opposite direction, consistent with an insurance motivation. Roughly 60 percent of declines in household income are replaced by remitta...