La hipótesis de expectativas en la curva cero cupón: un análisis por cointegración

El cumplimiento de la hipótesis de expectativas (HE) ha sido contrastado en varios países por medio de diferentes métodos. En Colombia no se ha estudiado de manera conjunta las relaciones de largo plazo entre las tasas cero cupón. El presente trabajo busca contrastar el cumplimiento de la hipótesis de expectativas estimando un modelo multivariado con corrección de errores, de acuerdo a la metodología propuesta por Hall, Anderson y Granger (1992). La significancia de la prima por liquidez en las relaciones de largo plazo y las pruebas estadísticas del modelo favorecen el contraste de la HE. Sin embargo, la existencia de dos relaciones de cointegración y el rechazo de las relaciones teóricas esperadas indican el incumplimiento de la HE en Colombia.

O prêmio pela maturidade na estrutura a termo das taxas de juros brasileiras

Este artigo estuda a validade da Hipótese das Expectativas (HE) racionais para o Brasil, utilizando dados diários de Julho de 1996 a Dezembro de 2002 para prazos entre 1 dia e 1 ano. (i) Os coeficientes do diferencial endimento (yield spread) estimados na equação de mudança de curto prazo da taxa de longo prazo são imprecisos e não permitem conclusão. (ii) A estimação da equação de mudança de curto prazo da taxa curta indica que o diferencial tem poder preditivo. (iii) Os coeficientes do diferencial na equação de mudança de longo prazo da taxa curta são mais precisamente estimados e não são significativamente diferentes da unidade. (iv) A previsão de expectativas racionais da mudança de longo prazo da taxa curta é altamente correlacionada com o diferencial, e (iv) o diferencial observado é mais volátil que o diferencial teórico. Os resultados dos testes rejeitam a hipótese particular coeficiente unitário, porém reconhecem o poder preditivo do diferencial observado.

Flexibilidad en la educación superior : revisión de expectativas.

El artículo pertenece al monográfico de la revista dedicado a La Universidad Red y en Red

Las expectativas y el rendimiento académico en el aprendizaje del inglés.

El artículo forma parte de una sección de la revista dedicada a: En la práctica

Emprego industrial no pólo industrial de Manaus na década de 90: expectativas, resultados e possibilidades

A década de 90 representou significativas mudanças no panorama político econômico brasileiro, especificamente no projeto de desenvolvimento regional denominado Zona Franca de Manaus. Esse projeto foi concebido, primordialmente para integrar essa imensa região Amazônica ao restante do Brasil, em termos de complexa ordem geopolítica dominante nos anos 60. A análise que objetiva essa dissertação trata da evolução do emprego industrial no Pólo Industrial de Manaus na década de 90, com a conotação de expectativas, resultados e possibilidades. A implementação do projeto Zona Franca de Manaus, no que concerne seu Pólo Industrial permitiu que contingentes de mão-de-obra abundante na capital do Estado do Amazonas, tivesse a oportunidade de inserir-se no mercado de trabalho do processo de industrialização moderna. Todavia, essa mão-de-obra abundante não estava preparada para o que as indústrias demandavam, sendo necessários intensivos programas de adequação profissional para que possibilitasse o aproveitamento em processos produtivos de linhas de montagem. o Pólo Industrial de Manaus, apesar de todas as mudanças havidas na economia brasileira no período analisado, obteve significativos alcance de competências na capacitação desse contingente de trabalhadores que foram absorvidos, quando o paradigma da intensividade do fator trabalho imperava no Pólo. Entretanto, o processo de mudança que a globalização econômica e industrial provocou no sistema de produção global, trouxe para o modelo industrial da Zona Franca de Manaus acelerada mudança desse paradigma, resultando variações na demanda por mão-de-obra e acarretando significativo desemprego estrutural. É desse contexto de mudanças que trata o estudo apresentado, analisando a evolução das variáveis que influenciaram no nível de emprego industrial e no mercado de trabalho, as expectativas de novos perfis e as demandas específicas que o novo paradigma de capital intensivo, adotado pelas empresas de classe mundial desse Pólo exigem.

When He is a She is a He : the pregnant man and the transgendered mother

The recent successful pregnancy of Thomas Beatie, a transgender FTM, billed by the various media as ‘the pregnant man’, has stirred up considerably diverse public opinion and debate, some supportive and indicative of changing and progressive ideas around sex, gender and sexuality; others condemnatory in their claims that Beatie’s pregnancy is an affront to the laws of Nature and/or God. Desired or derided, the pregnant male body contests the terrain of reproductive embodiment and the orthodoxy of Western systems of gender categorization. This chapter analyses a selection of media and internet responses to the case of the pregnant man, arguing that most disturbing of all it seems, is the body in-between (Kristeva 1982, p.4), the one that visibly defies socially obdurate gender oppositions of male and female, feminine and masculine in its insistence on being, to borrow from Homi Bhabha, a ‘third space of enunciation.’ Banana Yoshimoto’s novella Kitchen, also contests gender boundaries in its characterisation of Eriko, a transgendered male to female, a father, then a mother. In this narrative the in-between, the ambiguous, is not reviled but rather celebrated as a ‘horizon of possibility’ (Halperin, qtd in Jagose 1996 http://www.australianhumanitiesreview.org/archive/Issue-Dec- 1996/jagose.html).

Kinetic energy of He atoms in liquid He-4-He-3 mixtures

Deep inelastic neutron scattering measurements on liquid 3He-4He mixtures in the normal phase have been performed on the VESUVIO spectrometer at the ISIS pulsed neutron source at exchanged wave vectors of about q≃120.0Å-1. The neutron Compton profiles J(y) of the mixtures were measured along the T=1.96K isotherm for 3He concentrations, x, ranging from 0.1 to 1.0 at saturated vapor pressures. Values of kinetic energies 〈T〉 of 3He and 4He atoms as a function of x, 〈T〉(x), were extracted from the second moment of J(y). The present determinations of 〈T〉(x) confirm previous experimental findings for both isotopes and, in the case of 3He, a substantial disagreement with theory is found. In particular 〈T〉(x) for the 3He atoms is found to be independent of concentration yielding a value 〈T〉3(x=0.1)≃12K, much lower than the value suggested by the most recent theoretical estimates of approximately 19 K.

Feather-like He plasma plumes in surrounding N2 gas

Effects of surrounding gases on the propagation of room-temperature atmospheric-pressure plasma jets are reported. A highly unusual feather-like plasma plume is observed only when N2 is used as surrounding gas. The He concentration on the axis at the starting point of the feather-like plume is ∼0.85 of the maximum value and is independent on the He flow rates. High-speed optical imaging reveals that dim diffuse plasmas emerge just behind the bright head of the plasma bullet at the starting point of the feather-like plume. These results help tailoring surface exposure in emerging applications of plasma jets in medicine and nanotechnology.

Highly effective fungal inactivation in He+O2 atmospheric-pressure nonequilibrium plasmas

Highly effective (more than 99.9%) inactivation of a pathogenic fungus Candida albicans commonly found in oral, respiratory, digestive, and reproduction systems of a human body using atmospheric-pressure plasma jets sustained in He+ O2 gas mixtures is reported. The inactivation is demonstrated in two fungal culture configurations with open (Petri dish without a cover) and restricted access to the atmosphere (Petri dish with a cover) under specific experimental conditions. It is shown that the fungal inactivation is remarkably more effective in the second configuration. This observation is supported by the scanning and transmission electron microscopy of the fungi before and after the plasma treatment. The inactivation mechanism explains the experimental observations under different experimental conditions and is consistent with the reports by other authors. The results are promising for the development of advanced health care applications.

Length control of He atmospheric plasma jet plumes: Effects of discharge parameters and ambient air

The effects of various discharge parameters and ambient gas on the length of He atmospheric plasma jet plumes expanding into the open air are studied. It is found that the voltage and width of the discharge-sustaining pulses exert significantly stronger effects on the plume length than the pulse frequency, gas flow rate, and nozzle diameter. This result is explained through detailed analysis of the I-V characteristics of the primary and secondary discharges which reveals the major role of the integrated total charges of the primary discharge in the plasma dynamics. The length of the jet plume can be significantly increased by guiding the propagating plume into a glass tube attached to the nozzle. This increase is attributed to elimination of the diffusion of surrounding air into the plasma plume, an absence which facilitates the propagation of the ionization front. These results are important for establishing a good level of understanding of the expansion dynamics and for enabling a high degree of control of atmospheric pressure plasmas in biomedical, materials synthesis and processing, environmental and other existing and emerging industrial applications. © 2009 American Institute of Physics.

‘He has a way gayer Facebook than I do’ : investigating sexual identity disclosure and context collapse on a social networking site

This study extends previous research into social networking sites (SNSs) as environments that often reduce spatial, temporal, and social boundaries, which can result in collapsed contexts for social situations. Context collapse was investigated through interviews and Facebook walkthroughs with 27 LGBTQ young people in the United Kingdom. Since diverse sexualities are often stigmatized, participants’ sexual identity disclosure decisions were shaped by both the social conditions of their online networks and the technological architecture of SNSs. Context collapse was experienced as an event through which individuals intentionally redefined their sexual identity across audiences or managed unintentional disclosure. To prevent unintentional context collapse, participants frequently reinstated contexts through tailored performances and audience separation. These findings provide insight into stigmatized identity performances in networked publics while situating context collapse within a broader understanding of impression management, which paves the way for future research exploring the identity implications of everyday SNS use.

Qld flood inquest : ‘I could see his arms moving, he was trying to swim’

"Despite the 10 months of grieving for those lost in Queensland’s January floods, new evidence produced during the coronial inquest into the 22 deaths and three disappearances has revealed new shocks for the bereaved families. Brisbane Coroner’s Court yesterday was introduced to a series of high-tech Google Earth animations backed by funereal music, explaining the scope of the unfolding tragedy, which swept away husbands, wives, children and grandparents in less than three hours on the afternoon of January 10 this year. The court was also told of the extensive search for human remains, of 131 kilometres of creeks and rivers from Spring Bluff to Brisbane and hundreds of dams that were searched three times by police divers, 250 army personnel and 200 police."