On the forecast accuracy and consistency of exchange rate expectations: The Spanish PwC Survey.

We examine the predictive ability and consistency properties of exchange rate expectations for the dollar/euro using a survey conducted in Spain by PwC among a panel of experts and entrepreneurs. Our results suggest that the PwC panel have some forecasting ability for time horizons from 3 to 9 months, although only for the 3-month ahead expectations we obtain marginal evidence of unbiasedness and efficiency in the forecasts. As for the consistency properties of the exchange rate expectations formation process, we find that survey participants form stabilising expectations in the short-run and destabilising expectations in the long- run and that the expectation formation process is closer to fundamentalists than chartists.

Study and evaluation of several cache replacement policies on a commercial MIPS Processor

Actualmente, el rendimiento de los computadores es un tema candente. Existen importantes limitaciones físicas y tecnológicas en los semiconductores de hoy en día, por lo que se realiza un gran esfuerzo desde las universidades y la industria para garantizar la continuidad de la ley de Moore. Este proyecto está centrado en el estudio de la cache y la jerarquía de memoria, uno de los grandes temas en la materia. Para ello, hemos escogido MIPSfpga, una plataforma hardware abierta de Imagination Technologies, lo que nos ha permitido implementar y testear diferentes políticas de reemplazamiento como prueba de concepto, demostrando, además, las bondades de la plataforma.