Vlasouliolides A-D (1-4), four rare sesquiterpene lactone dimers, were isolated from Vladimiria souliei. The common structural characteristic of 1-4 is the C32 skeleton comprising two sesquiterpene lactone units linked by a C11-C13' single bond with one acetyl connected to the C-13 position of one of the two sesquiterpene lactone units. The stereochemistries of 1-4 were assigned by a combinatio...

This paper explores the tail features of daily stock returns. Recently developed versions of the Hill estimator are used to measure the extreme positive and negative returns for a small set of individual daily stocks covering the period of 1926 through 2004. The findings report many of the accepted stylized facts about stock returns. Scaling exponents are reliably near 3, and generally stable o...

The malaria-induced surface antigens on Plasmodium falciparum-infected erythrocytesfrom West African patients were characterized by agglutination of infected cells by human sera, surface immunofluorescence of live infected cells, inhibition of cytoadherence to C32 melanoma cells by human sera, immunoelectron microscopy (immunoEM), and immunoprecipitation. In a nonimmune individual, serum antibo...

Are share markets too volatile? While it is difficult to ignore share market volatility it is important to determine whether volatility is excessive. This paper replicates the Shiller (1981) test as well as applying standard time series analysis to annual Australian stock market data for the period 1883 to 1999. While Shiller’s test suggests the possibility of excess volatility, time series ana...

We agree that either mistaking a stochastic trend for a deterministic trend (or vice-versa) is consequential for unit root tests and for tests of nonlinear serial dependence. In addition, we comment that similar results obtain for ordinary parameter inference in simple linear models. In particular, we note that detrending stochastically trended data with a deterministic polynomial or by applyin...

This paper uses a structural, large dimensional factor model to evaluate the role of ‘news’ shocks (shocks with a delayed effect on productivity) in generating the business cycle. We find that (i) existing small-scale VECM models are affected by ‘non-fundamentalness’ and therefore fail to recover the correct shock and impulse response functions; (ii) news shocks have a limited role in explainin...

Green Supply Chain Management (GSCM) is an increasingly widely-diffused practice among companies that are seeking to improve their environmental performance. This study designates green supply chain management (GSCM) evaluation model in publishing industry by using fuzzy AHP approach. Our proposed model is applied in Sooreh Mehr Publication as one of the best companies in this sector. Research ...

This research compares partial equilibrium and statistical time-series approaches to hedging. The finance literature stresses the former approach, while the applied economics literature has focused on the latter. We compare the out-of-sample hedging effectiveness of the two approaches when hedging commodity price risk using futures contracts. For various methods of parameter estimation and infe...

In this paper the long-run trend in CPI inflation (core inflation) for the US over the 1960– 2000 period is estimated using a common trends model. In this framework, core inflation is interpreted and constructed as the long-run forecast of inflation conditional on the information contained in nominal money growth, output fluctuations and movements in the oil price. Unlike other commonly used me...

In this note the author discusses the problem of updating forecasts in a time-discrete forecasting model when information arrives between the current period and the next period. To use the information that arrives between two periods, he assumes that the process between two periods can be approximated by a linear interpolation of the timediscrete forecasting model. Based on this assumption the ...