Term Structure and the Estimated Monetary Policy Rule in the Eurozone

Published as an article in: Spanish Economic Review, 2008, vol. 10, issue 4, pages 251-277.

The role of the term spread in an augmented Taylor rule: An empirical investigation

Using US data for the period 1967:5-2002:4, this paper empirically investigates the performance of an augmented version of the Taylor rule (ATR) that (i) allows for the presence of switching regimes, (ii) considers the long-short term spread in addition to the typical variables, (iii) uses an alternative monthly indicator of general economic activity suggested by Stock and Watson (1999), and (iv) considers interest rate smoothing. The estimation results show the existence of switching regimes, one characterized by low volatility and the other by high volatility. Moreover, the scale of the responses of the Federal funds rate to movements in the term spread, inflation and the economic activity index depend on the regime. The estimation results also show robust empirical evidence that the ATR has been more stable during the term of office of Chairman Greenspan than in the pre-Greenspan period. However, a closer look at the Greenspan period shows the existence of two alternative regimes and that the response of the Fed funds rate to inflation has not been significant during this period once the term spread is considered.

The reverse self-dual serial cost-sharing rule

In this study we define a cost sharing rule for cost sharing problems. This rule is related to the serial cost-sharing rule defined by Moulin and Shenker (1992). We give some formulas and axiomatic characterizations for the new rule. The axiomatic characterizations are related to some previous ones provided by Moulin and Shenker (1994) and Albizuri (2010).

El discurso audiovisual: Born to be wild, o cómo domar a la fiera por medio de la publicidad

Eterio Pajares, Raquel Merino y José Miguel Santamaría (eds.)

Generating artificial homologous proteins according to the representative family character in molecular mechanics properties - an attempt in validating an underlying rule of protein evolution

The molecular mechanics property is the foundation of many characters of proteins. Based on intramolecular hydrophobic force network, the representative family character underlying a protein’s mechanics property is described by a simple two-letter scheme. The tendency of a sequence to become a member of a protein family is scored according to this mathematical representation. Remote homologs of the WW-domain family could be easily designed using such a mechanistic signature of protein homology. Experimental validation showed that nearly all artificial homologs have the representative folding and bioactivity of their assigned family. Since the molecular mechanics property is the only consideration in this study, the results indicate its possible role in the generation of new members of a protein family during evolution.

Rule the World

Rule the World es una aplicación para móviles Android. Consiste en introducir al jugador en una realidad aumentada, mediante el uso de su localización, debe de recoger diferentes objetos para darles diferentes usos, como llevarlos equipados, usarlos para construir otros objetos o enviárselos a amigos. En el siguiente documento se muestra el completo desarrollo de este proyecto, como se ha realizado la gestión, en que partes se ha dividido, la planificación que se ha llevado para realizar el trabajo, el análisis que se hizo de la aplicación, junto con su diseño, como se ha realizado el desarrollo y las pruebas. Este proyecto ha servido para afianzar conocimientos adquiridos a lo largo del grado, como el desarrollo de bases de datos, seguridad y arquitecturas y algoritmos software. Pero también ha servido para aprender nuevas cosas, como programar para un sistema diferente, utilizar elementos poco vistos en el grado, como la geolocalización y los mapas.

Methods of multiparameter inversion of seismic data using the acoustic and elastic born approximations

This thesis presents two different forms of the Born approximations for acoustic and elastic wavefields and discusses their application to the inversion of seismic data. The Born approximation is valid for small amplitude heterogeneities superimposed over a slowly varying background. The first method is related to frequency-wavenumber migration methods. It is shown to properly recover two independent acoustic parameters within the bandpass of the source time function of the experiment for contrasts of about 5 percent from data generated using an exact theory for flat interfaces. The independent determination of two parameters is shown to depend on the angle coverage of the medium. For surface data, the impedance profile is well recovered.

The second method explored is mathematically similar to iterative tomographic methods recently introduced in the geophysical literature. Its basis is an integral relation between the scattered wavefield and the medium parameters obtained after applying a far-field approximation to the first-order Born approximation. The Davidon-Fletcher-Powell algorithm is used since it converges faster than the steepest descent method. It consists essentially of successive backprojections of the recorded wavefield, with angular and propagation weighing coefficients for density and bulk modulus. After each backprojection, the forward problem is computed and the residual evaluated. Each backprojection is similar to a before-stack Kirchhoff migration and is therefore readily applicable to seismic data. Several examples of reconstruction for simple point scatterer models are performed. Recovery of the amplitudes of the anomalies are improved with successive iterations. Iterations also improve the sharpness of the images.

The elastic Born approximation, with the addition of a far-field approximation is shown to correspond physically to a sum of WKBJ-asymptotic scattered rays. Four types of scattered rays enter in the sum, corresponding to P-P, P-S, S-P and S-S pairs of incident-scattered rays. Incident rays propagate in the background medium, interacting only once with the scatterers. Scattered rays propagate as if in the background medium, with no interaction with the scatterers. An example of P-wave impedance inversion is performed on a VSP data set consisting of three offsets recorded in two wells.

Gauge Invariant Spectral Cauchy Characteristic Extraction of Gravitational Waves in Computational General Relativity

We present a complete system for Spectral Cauchy characteristic extraction (Spectral CCE). Implemented in C++ within the Spectral Einstein Code (SpEC), the method employs numerous innovative algorithms to efficiently calculate the Bondi strain, news, and flux.

Spectral CCE was envisioned to ensure physically accurate gravitational wave-forms computed for the Laser Interferometer Gravitational wave Observatory (LIGO) and similar experiments, while working toward a template bank with more than a thousand waveforms to span the binary black hole (BBH) problem’s seven-dimensional parameter space.

The Bondi strain, news, and flux are physical quantities central to efforts to understand and detect astrophysical gravitational wave sources within the Simulations of eXtreme Spacetime (SXS) collaboration, with the ultimate aim of providing the first strong field probe of the Einstein field equation.

In a series of included papers, we demonstrate stability, convergence, and gauge invariance. We also demonstrate agreement between Spectral CCE and the legacy Pitt null code, while achieving a factor of 200 improvement in computational efficiency.

Spectral CCE represents a significant computational advance. It is the foundation upon which further capability will be built, specifically enabling the complete calculation of junk-free, gauge-free, and physically valid waveform data on the fly within SpEC.

The minimal overlap cost sharing rule

In this paper we introduce a new cost sharing rule-the minimal overlap cost sharing rule-which is associated with the minimal overlap rule for claims problems defined by O'Neill (1982). An axiomatic characterization is given by employing a unique axiom: demand separability. Variations of this axiom enable the serial cost sharing rule (Moulin and Shenker, 1992) and the rules of a family (Albizuri, 2010) that generalize the serial cost sharing rule to be characterized. Finally, a family that includes the minimal overlap cost sharing rule is defined and obtained by means of an axiomatic characterization.

A imprescritibilidade da negatória de paternidade e o melhor interesse da criança

Estudo sobre a filiação com ênfase na regra do caput do artigo 1.601 do Código Civil Brasileiro Lei 10.406/2002, segundo a qual cabe ao marido o direito de contestar a paternidade dos filhos nascidos de sua mulher, sendo tal ação imprescritível. A dissertação tem como objetivo principal demonstrar a inconstitucionalidade do direito perpétuo do pai em desconstituir a paternidade do filho menor nascido em uma relação de casamento à luz do princípio do melhor interesse da criança. Para tanto foi realizada pesquisa bibliográfica e jurisprudencial em tribunais nacionais de segunda instância, no Superior Tribunal de Justiça e no Supremo Tribunal Federal. Os critérios da presunção legal pater is est quem nuptiae demonstrant, da verdade biológica e da posse de estado de filho foram um a um analisados, não havendo entre eles predominância no ordenamento jurídico. O levantamento deste material permitiu a constatação de que a regra supracitada é, pela doutrina majoritária, acriticamente louvada e utilizada nos julgados de conflitos de paternidade. O filho, no entanto, não pode permanecer por toda a vida sujeito à possibilidade do pai desfazer, a qualquer momento, a relação paterno-filial pela ausência do dado biológico por que: (i) o exercício deste direito é mutilador de sua identidade e dignidade humana; (ii) a posse de estado de filho confirma a presunção pater is est; (iii) o estado civil de filho deve se tornar certo e estável em um curto período de tempo. Sustenta-se que é imperioso o afastamento por inconstitucionalidade material da regra do artigo 1.601 do Código Civil e a aplicação analógica do prazo de quatro anos previsto no artigo 1.614 do Código Civil. De lege ferenda propõe-se a elaboração de uma norma que fixe um prazo decadencial para que o marido e pai possa exercer o direito potestativo de negar a paternidade.