Building monitoring during the partial implosion stage

The partial collapse of a building in Colombia caused severe damage to its structural components -- An implosion was realized to induce the collapse of 50% of the deteriorated building -- To evaluate the influence of the implosion on the remaining structure, a monitoring survey was realized using triaxial accelerometers -- Time signals associated with ambient, seismic and forced vibration were obtained -- A study of the records in the time and the frequency domain was made -- The analysis of the information allowed determining some structural properties that were useful to calibrate the analytical model of the structure

Evidence that risk adjustment is unnecessary in estimates of the User cost of money

Investors value the special attributes of monetary assets (e.g., exchangeability, liquidity, and safety) and pay a premium for holding them in the form of a lower return rate -- The user cost of holding monetary assets can be measured approximately by the difference between the returns on illiquid risky assets and those of safer liquid assets -- A more appropriate measure should adjust this difference by the differential risk of the assets in question -- We investigate the impact that time non-separable preferences has on the estimation of the risk-adjusted user cost of money -- Using U.K. data from 1965Q1 to 2011Q1, we estimate a habit-based asset pricing model with money in the utility function and find that the risk adjustment for risky monetary assets is negligible -- Thus, researchers can dispense with risk adjusting the user cost of money in constructing monetary aggregate indexes