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This paper builds a model of sovereign debt in which default risk, interest rates, and debt depend not only on current fundamentals but also on news about future fundamentals. News shocks (NS) affect equilibrium outcomes because they contain info. about the future ability of the gov¿t. to repay its debt. First, in the model with NS not all defaults occur in bad times. Second, the NS help account for key differences between emerging markets and developed economies: as the precision of the news improves the model predicts lower variability of consumption, less counter-cyclical trade balance and interest rate spreads. Finally, the model also captures the hump-shaped relationship between default rates and the precision of news obtained from the data.
A major survey of the economic and social development of Brazil.
This book includes 21 chapters dedicated to the study of contemporary, Portuguese and Brazilian poets influenced by the Greco-Roman tradition. It integrates the international bibliography on reception studies in an Ibero-American context. However, the comparison between poets from the two countries highlights the cultural community that, despite the differences, unites them. Travels, routes, and adventures, taken in a linear or symbolic sense, are the common trace of all contributions. The variety of tastes, the greater or smaller closeness to the ancient models, and the authors’ preferences contribute to an overall view of the classical imprint on contemporary poetry as a specific area of literature.
This book constitutes the refereed proceedings of the Third International Conference of the Immersive Learning Network, iLRN 2017, held in Coimbra, Portugal in June 2017. The proceedings contain 17 full papers together with 4 short papers, carefully reviewed and selected from 80 submissions. This year’s special focus is “Honoring Tradition, Immersed in the Future".
A fully expanded edition of the Nobel Prize–winning economist's classic book This collection of essays uses the lens of rational expectations theory to examine how governments anticipate and plan for inflation, and provides insight into the pioneering research for which Thomas Sargent was awarded the 2011 Nobel Prize in economics. Rational expectations theory is based on the simple premise that people will use all the information available to them in making economic decisions, yet applying the theory to macroeconomics and econometrics is technically demanding. Here, Sargent engages with practical problems in economics in a less formal, noneconometric way, demonstrating how rational expecta...
In this second edition of a widely used classic laboratory manual, leading experts utilize the tremendous progress and technological advances that have occurred to create a completely new collection of not only the major basic techniques, but also advanced protocols for yeast research and for using yeast as a host to study genes from other organisms. The authors provide detailed methods for the isolation of subcellular components-including organelles and macromolecules, for the basic cellular and molecular analysis specific for yeast cells, and for the creation of conditional mutant phenotypes that lend themselves to powerful genome manipulation. Additional protocols offer advanced approaches to study genetic interactions, DNA and chromatin metabolism, gene expression, as well as the foreign genes and gene products in yeast cells.
With an emphasis on developments during and after the Great Recession, and paying due attention to the impacts of austerity policies, the chapters assembled for this book explain that high growth of aggregate demand is as essential as ever for achieving full employment and rising living standards. Written by distinguished Keynesian and Post-Keynesian economists from diverse national backgrounds, the book tackles critical theoretical and empirical issues to illuminate the economic experiences both of large geographic regions such as Europe, Latin America, and Africa, as well as specific national economies including the USA, Japan, India, and Canada.
This book explores the dynamic and often fragile world of premature babies, their families, and those who look after them. Each chapter provides the reader with a comprehensive resource that seamlessly blends theoretical insights, practical strategies, and cutting-edge research. Written by an international team - comprising psychologists, medical doctors, nurses, and psychiatrists from around the world - readers are invited to immerse themselves in the complexities of this field, gaining a profound understanding of its nuances and significance. It will be suitable for students, educators and healthcare professionals alike. Therefore, with its interdisciplinary insights, contemporary reflections, and user-friendly scientific content, this book will offer a clear and accessible approach to some of the most significant and relevant issues of our time.