Probabilistically analysable real-time systems (PROARTIS)

Critical real-time ebedded (CRTE) Systems require safe and tight worst-case execution time (WCET) estimations to provide required safety levels and keep costs low. However, CRTE Systems require increasing performance to satisfy performance needs of existing and new features. Such performance can be only achieved by means of more agressive hardware architectures, which are much harder to analyze from a WCET perspective. The main features considered include cache memòries and multi-core processors.Thus, althoug such features provide higher performance, corrent WCET analysis methods are unable to provide tight WCET estimations. In fact, WCET estimations become worse than for simple rand less powerful hardware. The main reason is the fact that hardware behavior is deterministic but unknown and, therefore, the worst-case behavior must be assumed most of the time, leading to large WCET estimations. The purpose of this project is developing new hardware designs together with WCET analysis tools able to provide tight and safe WCET estimations. In order to do so, those pieces of hardware whose behavior is not easily analyzable due to lack of accurate information during WCET analysis will be enhanced to produce a probabilistically analyzable behavior. Thus, even if the worst-case behavior cannot be removed, its probabilty can be bounded, and hence, a safe and tight WCET can be provided for a particular safety level in line with the safety levels of the remaining components of the system. During the first year the project we have developed molt of the evaluation infraestructure as well as the techniques hardware techniques to analyze cache memories. During the second year those techniques have been evaluated, and new purely-softwar techniques have been developed.

Market rewards to patterns on increasing earnings: do cash flow patterns, accruals manipulation and real activities manipulation matter?

This study explores whether firms have differential price-earnings multiples associated with their means of achieving a sequential pattern of increasing positive earnings. Our main findings show that market participants assign higher price-earnings multiples to firms when their pattern of increasing earnings is supported by the same pattern of increasing cash flows. Market participants assign lower price-earnings multiples to firms suspect of having engaged in accrual-based earnings management, sales manipulation, and overproduction to achieve the earnings pattern. We find, however, that market participants do not penalize firms suspect of having achieved the earnings pattern through the opportunistic reduction of discretionary expenses.

Experiències amb interacció de cos sencer generades en temps real amb entorns d’aigua virtual

L’objectiu d’aquest projecte ha estat la realització de dues aplicacions independents entre elles la interacció de les quals és a temps real i a cos sencer. En una aplicació l’usuari se li dona la possibilitat de, mitjançant el seu propi cos, transformar gotes que cauen en forma de plujavirtual en diferents flocs de neu. En la segona aplicació l’usuari pot generar onades en una superfície “aquosa”.Les dues aplicacions s’han creat amb la finalitat que puguin ser instal·lades i exposades en el centre de visitants de l’Expo2008 a Saragossa. Aquest fet ha estat fonamental per la tria de la temàtica de les aplicacions.Per assolir aquest objectiu, des del punt de vista del projectista, diferents estudis s’han hagut de portar terme. S’han realitzat estudis per tal de saber el funcionament del sistema de càmeres i del seu calibratge i de com es capta la informació referent a l’usuari. Aquestes parts són fonamentals per tal de poder gestionar bé la interacció i, sense les quals, no seria possible eldesenvolupament de les experiències. Un altre tipus d’estudi és el de la interacció, que és el que condueix l’eix principal del projecte, i el de la generació d’efectes visuals gràfics.

SIIMTA, Sistema Integrat d’Interacció de cos sencer generada en temps real i MusicoTeràpia per a persones amb discapacitats com l’Autisme

L’objectiu d’aquest Projecte Final de Carrera és el poder desenvolupar una nova eina de treball, segons el paradigme de l’interacció a cos sencer, per als terapeutes de la Fundació Tekhnikós, per a poder afavorir nous processos d’expressió, comunicació i interactivitat entre elpacient i el terapeuta en les sessions de Musicoteràpia.El Projecte tracta d’un sistema d’interacció a cos sencer per a pacients amb diferentspatologies o síndromes de conducta. Mitjançant un sistema de captura que treballa en el camp dels infrarojos, el pacient és capaç d’interactuar amb els elements de l’aplicació a través de lagesticulació. El moviment d’aquestes partícules (vegis el Glossari de termes en l’Annexe)generarà diferents sons segons posició i direcció en l’espai de la pantalla motivant al pacient a explorar el comportament el sistema de diferents maneres. Aquests estímuls sonors estan basatsen l’experiència prèvia de la Fundació amb les seves sessions de Musitoràpia, basades enl’observació de les reaccions del pacient davant estímuls sonors. Aquesta eina permetràexperimentat tot un món nou d’estímuls per al pacient, tant sonors, com visuals gràcies a la possibilitat de configuració de molts dels paràmetres del sistema. Gràcies al sistema de visió artifical s’aconsegueix una interacció màquina / pacient a cos sencer no intrusiu, molt interessant tenint en compte que l’aplicació està destinada a un gran espectre de patologies o síndromes. A més tenint en compte la tipologia general del pacient s’haoptat per una estètica molt minimalista, evitant qualsevol referència icònica per tal de no sobre estimular al pacient abans de que pugui interactuar amb el sistema.

Traducció comentada al català d‘un testament en anglès

Aquest treball s’emmarca dins del dret de successions dels Estats Units. Pretén simular una situació real de traducció al català d’un formulari d‘un testament en anglès i recull els principals problemes que planteja la traducció jurídica d’aquests documents per contribuir a facilitar la tasca dels futurs professionals d‘aquest àmbit d‘especialitat.

Insider Trading and Real Investment

In this paper I analyze the effects of insider trading on real investmentand the insurance role of financial markets. There is a single entrepreneurwho, at a first stage, chooses the level of investment in a risky business.At the second stage, an asset with random payoff is issued and then the entrepreneurreceives some privileged information on the likely realization of productionreturn. At the third stage, trading occurs on the asset market, where theentrepreneur faces the aggregate demand coming from a continuum of rationaluniformed traders and some noise traders. I compare the equilibrium withinsider trading (when the entrepreneur trades on her inside information in theasset market) with the equilibrium in the same market without insider trading. Ifind that permitting insider trading tends to decrease the level of realinvestment. Moreover, the asset market is thinner and the entrepreneur's netsupply of the asset and the hedge ratio are lower, although the asset priceis more informative and volatile.

Real wage rigidities and the new Keynesian model

Most central banks perceive a trade-off between stabilizing inflation and stabilizing the gap between output and desired output. However, the standard new Keynesian framework implies no such trade-off. In that framework, stabilizing inflation is equivalent to stabilizing the welfare-relevant output gap. In this paper, we argue that this property of the new Keynesian framework, which we call the divine coincidence, is due to a special feature of the model: the absence of non trivial real imperfections.We focus on one such real imperfection, namely, real wage rigidities. When the baseline new Keynesian model is extended to allow for real wage rigidities, the divine coincidence disappears, and central banks indeed face a trade-off between stabilizing inflation and stabilizing the welfare-relevant output gap. We show that not only does the extended model have more realistic normative implications, but it also has appealing positive properties. In particular, it provides a natural interpretation for the dynamic inflation-unemployment relation found in the data.

The macroeconomic effects of German unification: Real adjustments and the welfare state

We study the effects of German unification in a model with capital accumulation, skill differences and a welfare state. We argue that this event is similar to a mass migration of low-skilled agents holding no capital into a foreign country. Absent a welfare state, we observe an investment boom, depressed output and employment conditions. Capital owners and high-skilled agents are willing to give up to 4% of per-capita consumption to favor unification. When a welfare state exists the investment boom disappears and the recession is prolonged. Now, with unification, capital owners and high-skilled agents lose 4% of per-capita consumption.

Further evidence on the statistical properties of real GNP

The well-known lack of power of unit root tests has often been attributed to the shortlength of macroeconomic variables and also to DGP s that depart from the I(1)-I(0)alternatives. This paper shows that by using long spans of annual real GNP and GNPper capita (133 years) high power can be achieved, leading to the rejection of both theunit root and the trend-stationary hypothesis. This suggests that possibly neither modelprovides a good characterization of these data. Next, more flexible representations areconsidered, namely, processes containing structural breaks (SB) and fractional ordersof integration (FI). Economic justification for the presence of these features in GNP isprovided. It is shown that the latter models (FI and SB) are in general preferred to theARIMA (I(1) or I(0)) ones. As a novelty in this literature, new techniques are appliedto discriminate between FI and SB models. It turns out that the FI specification ispreferred, implying that GNP and GNP per capita are non-stationary, highly persistentbut mean-reverting series. Finally, it is shown that the results are robust when breaksin the deterministic component are allowed for in the FI model. Some macroeconomicimplications of these findings are also discussed.

Is confidence in decisions related to feedback? Evidence-and lack of evidence-from random samples of real-world managerial behavior?

Confidence in decision making is an important dimension of managerialbehavior. However, what is the relation between confidence, on the onehand, and the fact of receiving or expecting to receive feedback ondecisions taken, on the other hand? To explore this and related issuesin the context of everyday decision making, use was made of the ESM(Experience Sampling Method) to sample decisions taken by undergraduatesand business executives. For several days, participants received 4 or 5SMS messages daily (on their mobile telephones) at random moments at whichpoint they completed brief questionnaires about their current decisionmaking activities. Issues considered here include differences between thetypes of decisions faced by the two groups, their structure, feedback(received and expected), and confidence in decisions taken as well as inthe validity of feedback. No relation was found between confidence indecisions and whether participants received or expected to receivefeedback on those decisions. In addition, although participants areclearly aware that feedback can provide both confirming and disconfirming evidence, their ability to specify appropriatefeedback is imperfect. Finally, difficulties experienced inusing the ESM are discussed as are possibilities for further researchusing this methodology.