A low complexity cross-correlation interference mitigation technique for GNSS

The finite length Gold codes used in satellite navigation systems limit their dynamic range, resulting in the introduction of unwanted peaks that can mask out signals of interest. In this paper, a novel cross-correlation interference mitigation technique dealing with this issue is introduced. A brief overview of the multiple access interference problem inherent in satellite navigation systems using the code division multiple access technique is followed by the details of the proposed method. Simulation case studies and analyses of the results detailing weak signal scenarios, carried out entirely using the Global Navigation System Scope, are presented. A comparison of the results is given in the conclusions section along with remarks on the performance of the proposed method and future work to be carried out.

Consumer confidence indices and stock markets’ meltdowns

Consumer confidence indices (CCIs) are a closely monitored barometer of countries’ economic health and an informative forecasting tool. Using European and US data, we provide a case study of the two recent stock market meltdowns (the post-dotcom bubble correction of 2000–2002 and the 2007–2009 decline at the beginning of the financial crisis) to contribute to the discussion on their appropriateness as proxies for stock markets’ investor sentiment. Investor sentiment should positively covary with stock market movements (DeLong, Shleifer, Summers, and Waldmann 1990); however, we find that the CCI–stock market relationship is not universally positive.We also do not find support for the information effect documented in the previous literature, but identify a more subtle relationship between consumer expectations about future household finances and stock market fluctuations.