Estimation of Quasi-Rational DSGE Models

Small-scale dynamic stochastic general equilibrium have been treated as the benchmark of much of the monetary policy literature, given their ability to explain the impact of monetary policy on output, inflation and financial markets. One cause of the empirical failure of New Keynesian models is partially due to the Rational Expectations (RE) paradigm, which entails a tight structure on the dynamics of the system. Under this hypothesis, the agents are assumed to know the data genereting process. In this paper, we propose the econometric analysis of New Keynesian DSGE models under an alternative expectations generating paradigm, which can be regarded as an intermediate position between rational expectations and learning, nameley an adapted version of the "Quasi-Rational" Expectatations (QRE) hypothesis. Given the agents' statistical model, we build a pseudo-structural form from the baseline system of Euler equations, imposing that the length of the reduced form is the same as in the `best' statistical model.

Implementazione di un circuito estrattore di carica quasi-sincrono da trasduttori piezoelettrici

La tecnologia odierna, orientata sempre di più verso il “low-power”, ha permesso di poter sviluppare sistemi elettronici in grado di autoalimentarsi senza alcun bisogno di sorgenti di energia tradizionali. Questo è possibile, ad esempio, utilizzando trasduttori piezoelettrici, in grado di trasformare l’energia meccanica, provocata ad esempio da una vibrazione, in un’altra forma di energia che, in tal caso, risulta essere una grandezza elettrica. Il settore principale in cui viene impiegato questo componente è quello dell’Energy Harvesting, ovvero un campo dell’elettronica in cui si cerca di estrarre dall'ambiente circostante bassissime quantità di energia mediante tecniche opportune, cercando di ridurre i consumi dei circuiti di controllo annessi e renderli, in maggior parte, il più possibile autosufficienti. L’obiettivo è quello di implementare alcune tecniche di recupero dell’energia mediante circuiti gestiti a microcontrollore e valutare se tali metodiche portino a risultati accettabili in grado di soddisfare quelli che sono i requisiti che il mondo dell’Energy Harvesting richiede.

Entwicklung und Anwendung von mobilen Messstrategien und Analysemethoden zur Untersuchung urbanen Aerosols

Seit Anbeginn der Menschheitsgeschichte beeinflussen die Menschen ihre Umwelt. Durch anthropogene Emissionen ändert sich die Zusammensetzung der Atmosphäre, was einen zunehmenden Einfluss unter anderem auf die Atmosphärenchemie, die Gesundheit von Mensch, Flora und Fauna und das Klima hat. Die steigende Anzahl riesiger, wachsender Metropolen geht einher mit einer räumlichen Konzentration der Emission von Luftschadstoffen, was vor allem einen Einfluss auf die Luftqualität der windabwärts gelegenen ruralen Regionen hat. In dieser Doktorarbeit wurde im Rahmen des MEGAPOLI-Projektes die Abluftfahne der Megastadt Paris unter Anwendung des mobilen Aerosolforschungslabors MoLa untersucht. Dieses ist mit modernen, zeitlich hochauflösenden Instrumenten zur Messung der chemischen Zusammensetzung und Größenverteilung der Aerosolpartikel sowie einiger Spurengase ausgestattet. Es wurden mobile Messstrategien entwickelt und angewendet, die besonders geeignet zur Charakterisierung urbaner Emissionen sind. Querschnittsmessfahrten durch die Abluftfahne und atmosphärische Hintergrundluftmassen erlaubten sowohl die Bestimmung der Struktur und Homogenität der Abluftfahne als auch die Berechnung des Beitrags der urbanen Emissionen zur Gesamtbelastung der Atmosphäre. Quasi-Lagrange’sche Radialmessfahrten dienten der Erkundung der räumlichen Erstreckung der Abluftfahne sowie auftretender Transformationsprozesse der advehierten Luftschadstoffe. In Kombination mit Modellierungen konnte die Struktur der Abluftfahne vertieft untersucht werden. Flexible stationäre Messungen ergänzten den Datensatz und ließen zudem Vergleichsmessungen mit anderen Messstationen zu. Die Daten einer ortsfesten Messstation wurden zusätzlich verwendet, um die Alterung des organischen Partikelanteils zu beschreiben. Die Analyse der mobilen Messdaten erforderte die Entwicklung einer neuen Methode zur Bereinigung des Datensatzes von lokalen Störeinflüssen. Des Weiteren wurden die Möglichkeiten, Grenzen und Fehler bei der Anwendung komplexer Analyseprogramme zur Berechnung des O/C-Verhältnisses der Partikel sowie der Klassifizierung der Aerosolorganik untersucht. Eine Validierung verschiedener Methoden zur Bestimmung der Luftmassenherkunft war für die Auswertung ebenfalls notwendig. Die detaillierte Untersuchung der Abluftfahne von Paris ergab, dass diese sich anhand der Erhöhung der Konzentrationen von Indikatoren für unprozessierte Luftverschmutzung im Vergleich zu Hintergrundwerten identifizieren lässt. Ihre eher homogene Struktur kann zumeist durch eine Gauß-Form im Querschnitt mit einem exponentiellen Abfall der unprozessierten Schadstoffkonzentrationen mit zunehmender Distanz zur Stadt beschrieben werden. Hierfür ist hauptsächlich die turbulente Vermischung mit Umgebungsluftmassen verantwortlich. Es konnte nachgewiesen werden, dass in der advehierten Abluftfahne eine deutliche Oxidation der Aerosolorganik im Sommer stattfindet; im Winter hingegen ließ sich dieser Prozess während der durchgeführten Messungen nicht beobachten. In beiden Jahreszeiten setzt sich die Abluftfahne hauptsächlich aus Ruß und organischen Partikelkomponenten im PM1-Größenbereich zusammen, wobei die Quellen Verkehr und Kochen sowie zusätzlich Heizen in der kalten Jahreszeit dominieren. Die PM1-Partikelmasse erhöhte sich durch die urbanen Emissionen im Vergleich zum Hintergrundwert im Sommer in der Abluftfahne im Mittel um 30% und im Winter um 10%. Besonders starke Erhöhungen ließen sich für Polyaromaten beobachten, wo im Sommer eine mittlere Zunahme von 194% und im Winter von 131% vorlag. Jahreszeitliche Unterschiede waren ebenso in der Größenverteilung der Partikel der Abluftfahne zu finden, wo im Winter im Gegensatz zum Sommer keine zusätzlichen nukleierten kleinen Partikel, sondern nur durch Kondensation und Koagulation angewachsene Partikel zwischen etwa 10nm und 200nm auftraten. Die Spurengaskonzentrationen unterschieden sich ebenfalls, da chemische Reaktionen temperatur- und mitunter strahlungsabhängig sind. Weitere Anwendungsmöglichkeiten des MoLa wurden bei einer Überführungsfahrt von Deutschland an die spanische Atlantikküste demonstriert, woraus eine Kartierung der Luftqualität entlang der Fahrtroute resultierte. Es zeigte sich, dass hauptsächlich urbane Ballungszentren von unprozessierten Luftschadstoffen betroffen sind, advehierte gealterte Substanzen jedoch jede Region beeinflussen können. Die Untersuchung der Luftqualität an Standorten mit unterschiedlicher Exposition bezüglich anthropogener Quellen erweiterte diese Aussage um einen Einblick in die Variation der Luftqualität, abhängig unter anderem von der Wetterlage und der Nähe zu Emissionsquellen. Damit konnte gezeigt werden, dass sich die entwickelten Messstrategien und Analysemethoden nicht nur zur Untersuchung der Abluftfahne einer Großstadt, sondern auch auf verschiedene andere wissenschaftliche und umweltmesstechnische Fragestellungen anwenden lassen.

Weighted geometric mean of large-scale matrices: numerical analysis and algorithms

Computing the weighted geometric mean of large sparse matrices is an operation that tends to become rapidly intractable, when the size of the matrices involved grows. However, if we are not interested in the computation of the matrix function itself, but just in that of its product times a vector, the problem turns simpler and there is a chance to solve it even when the matrix mean would actually be impossible to compute. Our interest is motivated by the fact that this calculation has some practical applications, related to the preconditioning of some operators arising in domain decomposition of elliptic problems. In this thesis, we explore how such a computation can be efficiently performed. First, we exploit the properties of the weighted geometric mean and find several equivalent ways to express it through real powers of a matrix. Hence, we focus our attention on matrix powers and examine how well-known techniques can be adapted to the solution of the problem at hand. In particular, we consider two broad families of approaches for the computation of f(A) v, namely quadrature formulae and Krylov subspace methods, and generalize them to the pencil case f(A\B) v. Finally, we provide an extensive experimental evaluation of the proposed algorithms and also try to assess how convergence speed and execution time are influenced by some characteristics of the input matrices. Our results suggest that a few elements have some bearing on the performance and that, although there is no best choice in general, knowing the conditioning and the sparsity of the arguments beforehand can considerably help in choosing the best strategy to tackle the problem.

Limiting theorems in statistical mechanics. The mean-field case.

The Curie-Weiss model is defined by ah Hamiltonian according to spins interact. For some particular values of the parameters, the sum of the spins normalized with square-root normalization converges or not toward Gaussian distribution. In the thesis we investigate some correlations between the behaviour of the sum and the central limit for interacting random variables.

Social housing e sostenibilita. Progetto di un intervento di 24 alloggi ad energia quasi zero a Rovigo

L’oggetto di questa tesi di laurea è un intervento di recupero e riprogettazione di un edificio non completato, destinato a 24 alloggi di edilizia residenziale pubblica, situato a Rovigo. Questo è stato oggetto di una lunga ed articolata vicenda caratterizzata da continue interruzioni del cantiere, principalmente causate da una cattiva esecuzione dei lavori da parte dell’impresa costruttrice. Allo stato attuale è presente la sola struttura metallica assemblata sulle fondazioni in calcestruzzo armato; tutto il fabbricato risulta abbandonato e congelato da diversi anni dopo i primi collaudi che hanno stabilito la non idoneità del telaio in acciaio. L’obiettivo del progetto è dunque quello di recuperare le fondazioni esistenti e di riprogettare l’edificio in una chiave più attuale e sostenibile. E’ stato effettuato un sopralluogo per comprendere più da vicino le problematiche relative all’area di progetto, oltre ad un’attenta analisi delle documentazioni riguardanti il progetto originario in modo da correggere eventuali punti deboli. Le strategie non hanno tenuto conto dunque solamente di un’ottima efficienza energetica o di un’offerta di alloggi adeguata alla domanda della situazione abitativa attuale, ma anche di tutte le problematiche che sono derivate dalla cattiva gestione del progetto originario. Le scelte progettuali, infatti, sono state il risultato anche delle necessità di limitare tempi e costi di un intervento per il quale sono state sprecate fin troppe risorse, soprattutto economiche. La fase progettuale è stata affiancata dalla realizzazione di simulazioni effettuate tramite software di calcolo (Termolog EpiX 6 e DIALux evo) che hanno permesso di ottenere ottimi risultati per quanto riguarda prestazione energetica e comfort luminoso indoor.

Applicazioni dei fasci quasi-monocromatici in medicina

I raggi X, a partire dalla loro scoperta, avvenuta nel 1895 ad opera di Wilhelm Conrad Röntgen, si sono rivelati un potentissimo mezzo per lo studio della materia. In particolare in campo medico hanno permesso la nascita della diagnostica per immagini che, parallelamente allo sviluppo delle tecnologie, è diventata un mezzo imprescindibile per lo studio delle patologie. Negli ultimi decenni molti studi sono stati compiuti in particolare sui vantaggi dell’utilizzo nell’imaging di raggi X monocromatici in sostituzione dell’usuale radiazione policromatica. Con il seguente elaborato si ha l’intento di fornire un quadro generale sulla fisica dei raggi X, sulla loro interazione con la materia e sugli attuali metodi di produzione di fasci monocromatici e quasi-monocromatici, con particolare attenzione all'utilizzo su vasta scala. Sono state infine trattate le principali applicazioni della radiazione monocromatica e quasi-monocromatica nelle tecniche di imaging medico.

L'approccio di Trading mean reverting evidenze statistiche

Analisi di una strategia di trading mean reverting al fine di valutare la fattibilita del suo utilizzo intraday nel mercato telematico azionario italiano. Panoramica sui sistemi di meccanizzazione algoritmica e approfondimento sull'HFT.

Statistical shape modeling of pathological scoliotic vertebrae: A comparative analysis

Statistical shape models (SSMs) have been used widely as a basis for segmenting and interpreting complex anatomical structures. The robustness of these models are sensitive to the registration procedures, i.e., establishment of a dense correspondence across a training data set. In this work, two SSMs based on the same training data set of scoliotic vertebrae, and registration procedures were compared. The first model was constructed based on the original binary masks without applying any image pre- and post-processing, and the second was obtained by means of a feature preserving smoothing method applied to the original training data set, followed by a standard rasterization algorithm. The accuracies of the correspondences were assessed quantitatively by means of the maximum of the mean minimum distance (MMMD) and Hausdorf distance (H(D)). Anatomical validity of the models were quantified by means of three different criteria, i.e., compactness, specificity, and model generalization ability. The objective of this study was to compare quasi-identical models based on standard metrics. Preliminary results suggest that the MMMD distance and eigenvalues are not sensitive metrics for evaluating the performance and robustness of SSMs.

Joint lavage for osteoarthritis of the knee

Background Osteoarthritis is the most common form of joint disorder and a leading cause of pain and physical disability. Observational studies suggested a benefit for joint lavage, but recent, sham-controlled trials yielded conflicting results, suggesting joint lavage not to be effective. Objectives To compare joint lavage with sham intervention, placebo or non-intervention control in terms of effects on pain, function and safety outcomes in patients with knee osteoarthritis. Search methods We searched CENTRAL, MEDLINE, EMBASE, and CINAHL up to 3 August 2009, checked conference proceedings, reference lists, and contacted authors. Selection criteria We included studies if they were randomised or quasi-randomised trials that compared arthroscopic and non-arthroscopic joint lavage with a control intervention in patients with osteoarthritis of the knee. We did not apply any language restrictions. Data collection and analysis Two independent review authors extracted data using standardised forms. We contacted investigators to obtain missing outcome information. We calculated standardised mean differences (SMDs) for pain and function, and risk ratios for safety outcomes. We combined trials using inverse-variance random-effects meta-analysis. Main results We included seven trials with 567 patients. Three trials examined arthroscopic joint lavage, two non-arthroscopic joint lavage and two tidal irrigation. The methodological quality and the quality of reporting was poor and we identified a moderate to large degree of heterogeneity among the trials (I2 = 65%). We found little evidence for a benefit of joint lavage in terms of pain relief at three months (SMD -0.11, 95% CI -0.42 to 0.21), corresponding to a difference in pain scores between joint lavage and control of 0.3 cm on a 10-cm visual analogue scale (VAS). Results for improvement in function at three months were similar (SMD -0.10, 95% CI -0.30 to 0.11), corresponding to a difference in function scores between joint lavage and control of 0.2 cm on a WOMAC disability sub-scale from 0 to 10. For pain, estimates of effect sizes varied to some degree depending on the type of lavage, but this variation was likely to be explained by differences in the credibility of control interventions: trials using sham interventions to closely mimic the process of joint lavage showed a null-effect. Reporting on adverse events and drop out rates was unsatisfactory, and we were unable to draw conclusions for these secondary outcomes. Authors' conclusions Joint lavage does not result in a relevant benefit for patients with knee osteoarthritis in terms of pain relief or improvement of function.