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Supply constraints hurt the economic recovery and boosted inflation in 2021. We find that in the euro area, manufacturing output and GDP would have been about 6 and 2 percent higher, respectively, and half of the rise in manufacturing producer price inflation would not have occurred in the absence of supply bottlenecks. Globally, shutdowns can explain up to 40 percent of the supply shocks. Sectors that are more reliant on differentiated inputs—such as autos—are harder hit. Late last year industry experts expected supply shortages for autos to largely dissipate by mid-2022 and broader bottlenecks by end-2022, but given the Omicron wave, disruptions will last for longer, possibly into 2023. With supply constraints adding to price pressures, the challenge for policymakers is to support recovery without allowing high inflation to become entrenched.
Since the 1990s, significant advances have been made in the research on nonlinear dynamics in China. Many papers were published in Chinese in the Journal of Vibration Engineering, Journal of Nonlinear Dynamics, and Vibration and Shock. This work offers translations of selected articles.
Benjamin Bowen Carter (1771-1831), one of the first Americans to speak and read Chinese, studied Chinese in Canton and advocated its use in diplomacy decades before America established a formal relationship with China. Drawing on rediscovered manuscripts, this book reconstructs Carter’s multilingual learning experience, reveals how he helped translate a diplomatic document into Chinese, describes his interactions with European sinologists, and traces his attempts to convince the US government and American academics of the practical and cultural value of Chinese studies. The cross-cultural perspective employed in this book emphasizes the reciprocal dynamics of Carter’s relationships with Chinese and European “others,” while Carter’s story itself forces a rewriting of the earliest years of US-China relations.
Kingdom of the Netherlands–the Netherlands: Selected Issues
This is the first book to introduce the irrational elliptic function series, providing a theoretical treatment for the smooth and discontinuous system and opening a new branch of applied mathematics. The discovery of the smooth and discontinuous (SD) oscillator and the SD attractors discussed in this book represents a further milestone in nonlinear dynamics, following on the discovery of the Ueda attractor in 1961 and Lorenz attractor in 1963. This particular system bears significant similarities to the Duffing oscillator, exhibiting the standard dynamics governed by the hyperbolic structure associated with the stationary state of the double well. However, there is a substantial departure in...
1. Theories of Capital: The Historical Foundation. 3. 2. Social Capital: Capital Captured through Social Relations. 19. 3. Resources, Hierarchy, Networks, and Homophily: The Structural Foundation. 29. 4. Resources, Motivations, and Interactions: The Action Foundation. 41. 5. The Theory and Theoretical Propositions. 55. 6. Social Capital and Status Attainment: A Research Tradition. 78. 7. Inequality in Social Capital: A Research Agenda. 99. 8. Social Capital and the Emergence of Social Structure: A Theory of Rational Choice. 127. 9. Reputation and Social Capital: The Rational Basis for Social Exchange. 143. 10. Social Capital in Hierarchical Structures. 165. 11. Institutions, Networks, and Capital Building: Societal Transformations. 184. 12. Cybernetworks and the Global Village: The Rise of Social Capital. 210. 13. The Future of the Theory. 243. . References. 251. . Index. 267.
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Selected, peer reviewed papers from the 2011 International Conference on Information Technology for Manufacturing Systems (ITMS 2011), Shanghai, China, May 7-8, 2011