The Monetary Policy of the European Central Bank (2002-2015). CEPS Special Report No. 109/May 2015

This paper examines the policies pursued by the European Central Bank (ECB) since the inception of the euro. The ECB was originally set up to pursue price stability, with an eye also to economic growth and financial stability as subsidiary goals, once the primary goal was secured. The application of a single monetary policy to a diverse economic area has entailed a pronounced pro-cyclicality in its real economic effects on the eurozone periphery. Later, monetary policy became the main policy instrument to tackle financial instability elicited by the failure of Lehman Brothers and the sovereign debt crisis in the eurozone. In the process, the ECB emerged as the lender of last resort in the sovereign debt markets of participating countries. Persistent economic depression and deflation eventually brought the ECB into the uncharted waters of unconventional policies. That the ECB could legally perform all of these tasks bears witness to the flexibility of the TFEU and its Statute, but its tools and operating procedures were stretched to their limit. In the end, the place of the ECB amongst EU policy-making institutions has been greatly enhanced, but has entailed repeated intrusions into the broader domain of economic policies – not least because of its market intervention policies – whose consequences have yet to be ascertained.

The Monetary Policy of the European Central Bank (2002-2015). Bruges European Economic Policy Briefings (BEEP) 35/2015.

This paper examines the policies pursued by the European Central Bank (ECB) since the inception of the euro. The ECB was originally set up to pursue price stability, with an eye also to economic growth and financial stability as subsidiary goals, once the primary goal was secured. The application of a single monetary policy to a diverse economic area has entailed a pronounced pro-cyclicality in its real economic effects on the eurozone periphery. Later, monetary policy became the main policy instrument to tackle financial instability elicited by the failure of Lehman Brothers and the sovereign debt crisis in the eurozone. In the process, the ECB emerged as the lender of last resort in the sovereign debt markets of participating countries. Persistent economic depression and deflation eventually brought the ECB into the uncharted waters of unconventional policies. That the ECB could legally perform all of these tasks bears witness to the flexibility of the TFEU and its Statute, but its tools and operating procedures were stretched to their limit. In the end, the place of the ECB amongst EU policy-making institutions has been greatly enhanced, but has entailed repeated intrusions into the broader domain of economic policies – not least because of its market intervention policies – whose consequences have yet to be ascertained.

Fault diagnosis of an automotive suspension system

With the development of the embedded application and driving assistance systems, it becomes relevant to develop parallel mechanisms in order to check and to diagnose these new systems. In this thesis we focus our research on one of this type of parallel mechanisms and analytical redundancy for fault diagnosis of an automotive suspension system. We have considered a quarter model car passive suspension model and used a parameter estimation, ARX model, method to detect the fault happening in the damper and spring of system. Moreover, afterward we have deployed a neural network classifier to isolate the faults and identifies where the fault is happening. Then in this regard, the safety measurements and redundancies can take into the effect to prevent failure in the system. It is shown that The ARX estimator could quickly detect the fault online using the vertical acceleration and displacement sensor data which are common sensors in nowadays vehicles. Hence, the clear divergence is the ARX response make it easy to deploy a threshold to give alarm to the intelligent system of vehicle and the neural classifier can quickly show the place of fault occurrence.

Accounting for residential and non-residential environments to measure contextual effects on health behavior : the case of recreational walking behavior

Thèse réalisée en cotutelle entre l'Université de Montréal et l'Université Pierre et Marie Curie, Paris 06, Sorbonne Universités.

Chromatographic fractionation of bitumen from sediments and presence of glycerol ethers in immature sediments (Table 2)

Alkanes having unusual saturated isoprenoidal and methyl-branched structures have been isolated from the bitumen of several sediments. The methanogenic biomarkers 2,6,10,15,19-pentamethyleicosane and squalane were found in sediments which also contained bacteriogenic glycerol ethers. However, in one ether-containing sediment, 2,6,10,13,17,21-hexamethyldocosane was tentatively identified and this compound was found in place of the established alkane biomarkers. Other hydrocarbons found were regular C21 and C23 isoprenoid alkanes, compounds which cannot be derived from phytol; two isoprenoids of the type 3,7,11.-polymethylalkane, previously reported only in petroleums; 8-methylheptadecane, a probable biomarker for cyanobacteria and a number of its homologs and other methyl-branched alkanes. Ubiquitous branched-chain alkylbenzenes and a homology of trimethylalkylbenzenes were also isolated. Most, or all, of the compounds reported here are probably not catagenetic products but may represent direct algal or bacterial bioinputs.

Historical sketh of the naval administration of the government of American Samoa, April 17, 1900-July 1, 1951.

Mode of access: Internet.

Manual of state employment security legislation. Supplement: Draft language with commentary for a state temporary disability insurance law coordinated with unemployment insurance.

Mode of access: Internet.

Completed tales of my Knights and Ladies,

"White Knights on Dartmoor and Tales of my Knights and Ladies are now recalled from circulation and this book will take the place of both. It contains the essential matter from the other two, beside the end of each Knight who appeared in Tales."--Author's note.

A catalogue of rare & curious books, illustrative of the English drama and early English literature ... : which will be sold by auction ... on Monday, 13th June, 1859.

Consignor's name from BM English book sales, p. 286.

Reports of cases decided by the Supreme Court of Mississippi.

Publisher and place of publication vary.

Reports of cases determined in the Supreme Court of Judicature of the State of New Jersey.

Publisher and place of publication vary.

Laws of Missouri.

1826 issue published in St. Louis ; City of Jefferson alternates with Jefferson City as place of publication 1827-1860 ; printer varies.

Clearwater County, Minnesota preliminary report of county land-use planning committee 1940.

Prepared by County Committee in cooperation with County Extension Service, University of Minnesota and Bureau of Agricultural Economics U.S. Dept. of Agriculture.

Cass County, Minnesota preliminary report of county land-use Committee 1939.

Prepared by County Committee in cooperation with County Extension Service, University of Minnesota and Bureau of Agriculture Economics U.S. Dept. of Agriculture.

Engravings from the works of Sir Joshua Reynolds, P.R.A. /

Mounted mezzotint engravings after portraits by Sir Joshua Reynolds, executed mainly by Samuel William Reynolds and by numerous other engravers: Richard Parkes Bonington, W.A. Rainger, Frederik Bromley, George H. Every, James Scott, George Sanders, A. Sanders, Joseph W. Edwards, John Richardson Jackson, R. José, H.C. Balding, Charles Tomkins, George Salisbury Shury, Richard Josey, Charles Algernon Tomkins, Arthur Turrell, William Henry Egleton, A.N. Sanders, William T. Hulland, T. Hunt, Stephen H. Gimber, H. Davis, Edwin Hunt, Thomas Lewis Atkinson, T. José, A. Scott.