Strain-energy density ratio criterion for failure of composite-materials

n the authors' previous paper, the Strain Energy Density Ratio (SEDR) criterion was proposed. As an example of applications, it was used to predict cracking direction of mixed-mode fracture in a random short fibre laminated composite.

Another Look to the Price-Dividend Ratio: A Markov-Switching Approach

This paper analyzes the stationarity of this ratio in the context of a Markov-switching model à la Hamilton (1989) where an asymmetric speed of adjustment is introduced. This particular specification robustly supports a nonlinear reversion process and identifies two relevant episodes: the post-war period from the mid-50’s to the mid-70’s and the so called “90’s boom” period. A three-regime Markov-switching model displays the best regime identification and reveals that only the first part of the 90’s boom (1985-1995) and the post-war period are near-nonstationary states. Interestingly, the last part of the 90’s boom (1996-2000), characterized by a growing price-dividend ratio, is entirely attributed to a regime featuring a highly reverting process.

The Comovement between Monetary and Fiscal Policy Instruments during the Post-War Period in the U.S.

This paper empirically studies the dynamic relationship between monetary and fiscal policies by analyzing the comovements between the Fed funds rate and the primary deficit/output ratio. Simple economic thinking establishes that a negative correlation between Fed rate and deficit arises whenever the two policy authorities share a common stabilization objective. However, when budget balancing concerns lead to a drastic deficit reduction the Fed may reduce the Fed rate in order to smooth the impact of fiscal policy, which results in a positive correlation between these two policy instruments. The empirical results show (i) a significant negative comovement between Fed rate and deficit and (ii) that deficit and output gap Granger-cause the Fed funds rate during the post-Volcker era, but the opposite is not true.

加卸载响应比(Load/Unload Response Ratio)、能量加速释放(AE/MR)的临界区尺度及地震预测

加卸载响应比理论的主要思路是 :系统在稳定状态时加载响应与卸载响应的比值与非稳定状态时加载响应与卸载响应的比值是完全不同的。大震前加卸载响应比升高和能量加速释放这两种现象可以用来对地震进行中期预报。同时 ,加卸载响应比理论和能量加速释放可能有相同的物理机制。为了验证这种地震预报方法的可行性 ,我们研究了几例发生在澳大利亚与中国 ,M 5 0～ 7 9之间的地震 ,其中包括破坏严重的澳大利亚纽卡斯尔地震和中国的唐山地震。我们利用以震源中心一定范围内的数据计算了震前的加卸载响应比和能量加速释放的幂律拟合。能量幂律加速释放存在一组最佳的拟合 ,一定范围内加卸载响应比达最大值表明加卸载响应比也有一个临界区尺度。进一步讲 ,加卸载响应比与能量加速释放的临界区尺度是相似的。这些结果表明加卸载响应比与能量加速释放有相同的物理机制。进一步的研究可能会对这种物理机制提供更好的解释 ,同时也能对地震的中期预报提供理论基础