scholarly journals The Impact of Large-Scale Asset Purchases on the S&P 500 Index, Long-Term Interest Rates and Unemployment

2015 ◽  
Author(s):  
Ramaprasad Bhar ◽  
A. (Tassos) G. Malliaris ◽  
Mary Malliaris
Keyword(s):  
Interest Rates ◽  
Large Scale ◽  
Asset Purchases ◽  
The Impact

scholarly journals The impact of large-scale asset purchases on the S&P 500 index, long-term interest rates and unemployment

2015 ◽  
Vol 47 (55) ◽  
pp. 6010-6018 ◽  
Author(s):  
Ramaprasad Bhar ◽  
A. G. Malliaris ◽  
Mary Malliaris
Keyword(s):  
Interest Rates ◽  
Large Scale ◽  
Asset Purchases ◽  
The Impact

The Impact of a Central Bank's Bond Market Intervention on Foreign Exchange Rates

2015 ◽  
Vol 05 (02) ◽  
pp. 1550009 ◽  
Author(s):  
Robert Jarrow ◽  
Hao Li
Keyword(s):  
Exchange Rates ◽  
Interest Rates ◽  
Foreign Exchange ◽  
Large Scale ◽  
Bond Market ◽  
Foreign Exchange Rates ◽  
Market Intervention ◽  
Exchange Markets ◽  
Asset Purchases ◽  
The Impact

This paper provides a framework to analyze the effect of a central bank's bond market intervention on foreign exchange rates. Using this framework, we quantify the impact of the Federal Reserve's 2008–2011 quantitative easing (QE) program on the USD/JPY exchange rate. We find that the Fed's QE accounts for a significant portion of the dollar's depreciation during this period. A central monetary authority can affect exchange rates in two ways, either directly by intervening in foreign exchange markets or indirectly by affecting interest rates. Our analysis emphasizes the importance of the indirect channel when a central bank undertakes large scale asset purchases.

A Perspective On The Impact of COVID-19 Pandemic in Basic Science Research and its Future implications

Coronaviruses ◽  
2020 ◽  
Vol 01 ◽  
Author(s):  
Yam Nath Paudel ◽  
Efthalia Angelopoulou ◽  
Bhupendra Raj Giri ◽  
Christina Piperi ◽  
Iekhsan Othman ◽  
...  
Keyword(s):  
Basic Science ◽  
Large Scale ◽  
Preventive Measure ◽  
Science Research ◽  
Research Institutes ◽  
Basic Science Research ◽  
Long Term Consequences ◽  
Long Term Impact ◽  
The Impact

: COVID-19 has emerged as a devastating pandemic of the century that the current generations have ever experienced. The COVID-19 pandemic has infected more than 12 million people around the globe and 0.5 million people have succumbed to death. Due to the lack of effective vaccines against the COVID-19, several nations throughout the globe has imposed a lock-down as a preventive measure to lower the spread of COVID-19 infection. As a result of lock-down most of the universities and research institutes has witnessed a long pause in basic science research ever. Much has been talked about the long-term impact of COVID-19 in economy, tourism, public health, small and large-scale business of several kind. However, the long-term implication of these research lab shutdown and its impact in the basic science research has not been much focused. Herein, we provide a perspective that portrays a common problem of all the basic science researchers throughout the globe and its long-term consequences.

scholarly journals Anti-meningococcal B vaccination in Italian adolescents: a cost-effective health opportunity

2020 ◽  
Vol 30 (Supplement_5) ◽  
Author(s):  
D Panatto ◽  
P Landa ◽  
D Amicizia ◽  
P L Lai ◽  
E Lecini ◽  
...  
Keyword(s):  
Large Scale ◽  
Public Health Problem ◽  
Vaccination Strategy ◽  
Cost Effective ◽  
Dose Schedule ◽  
Developed Countries ◽  
Invasive Disease ◽  
International Setting ◽  
The Impact

Abstract Background Invasive disease due to Neisseria meningitidis (Nm) is a serious public health problem even in developed countries, owing to its high lethality rate (8-15%) and the invalidating sequelae suffered by many (up to 60%) survivors. As the microorganism is transmitted via the airborne route, the only available weapon in the fight against Nm invasive disease is vaccination. Our aim was to carry out an HTA to evaluate the costs and benefits of anti-meningococcal B (MenB) vaccination with Trumenba® in adolescents in Italy, while also considering the impact of this new vaccination strategy on organizational and ethics aspects. Methods A lifetime Markov model was developed. MenB vaccination with the two-dose schedule of Trumenba® in adolescents was compared with 'non-vaccination'. Two perspectives were considered: the National Health Service (NHS) and society. Three disease phases were defined: acute, post-acute and long-term. Epidemiological, economic and health utilities data were taken from Italian and international literature. The analysis was conducted by means of Microsoft Excel 2010®. Results Our study indicated that vaccinating adolescents (11th year of life) with Trumenba® was cost-effective with an ICER = € 7,912/QALY from the NHS perspective and € 7,758/QALY from the perspective of society. Vaccinating adolescents reduces the number of cases of disease due to meningococcus B in one of the periods of highest incidence of the disease, resulting in significant economic and health savings. Conclusions This is the first study to evaluate the overall impact of free MenB vaccination in adolescents both in Italy and in the international setting. Although cases of invasive disease due to meningococcus B are few, if the overall impact of the disease is adequately considered, it becomes clear that including anti-meningococcal B vaccination into the immunization program for adolescents is strongly recommended from the health and economic standpoints. Key messages Free, large-scale MenB vaccination is key to strengthening the global fight against invasive meningococcal disease. Anti-meningococcal B vaccination in adolescents is a cost-effective health opportunity.

Overburdened Gauls: the case of Florus and Sacrovir’s revolt of 21 CE

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Jared Kreiner
Keyword(s):  
Interest Rates ◽  
Large Scale ◽  
Cumulative Effect ◽  
Short Term ◽  
Local Economies ◽  
Scale Resistance ◽  
Military Campaigns ◽  
The Impact

Abstract In 21 CE, a series of localized movements broke out in Gallia Comata due to heavy debts among provincials according to Tacitus. Modern scholars have long argued that the indebtedness occurred because of rising interest rates, resulting from dwindling currency in circulation after decades of free-spending following Augustus’ victory at Actium, and that Gallic communities were subjected to an additional tribute to support the wars of Germanicus (14–16 CE), which continued unabated after the wars and pushed Gauls beyond their means. These claims are misguided, however, in that there is no certain evidence of a special tax to support Germanicus’ wars and that the argument for a dwindling circulation of currency in Gaul falters under closer inspection. Rather, the pressing statal and military needs imposed on communities in Gallia Comata after 9 CE on top of routine exactions could significantly increase burden levels levied on provincial populations, thus contributing to rising debts. Through examining how Roman logistics and conscription operated in this period, it is possible to trace how populations were impacted by such demands and which communities were most heavily affected by them, too. Individually, the impact of each factor is unlikely to have been burdensome enough to have caused large-scale resistance, it is only the cumulative effect that these explanations had on top of routine Roman extraction schemes that could create the conditions for this revolt. This paper argues that in extraordinary circumstances, such as the period after the Varian Disaster for Gallia Comata, the costs of supporting military campaigns places real short-term strains on local economies, which creates the conditions for revolt. The benefit of this approach is that it may explain other episodes of anti-fiscal resistance that broke out during or within a decade of wars in neighboring regions.

Numerical Modelling of a District Scale Groundwater Heat Pump Operation: Case Study from Colchester, UK

2021 ◽  
Author(s):  
Taha Sezer ◽  
Abubakar Kawuwa Sani ◽  
Rao Martand Singh ◽  
David P. Boon
Keyword(s):  
Large Scale ◽  
District Level ◽  
Thermal Plume ◽  
Injection Wells ◽  
Term Operation ◽  
Heating And Cooling ◽  
Groundwater Heat Pump ◽  
The Impact

<p>Groundwater heat pumps (GWHP) are an environmentally friendly and highly efficient low carbon heating technology that can benefit from low-temperature groundwater sources lying in the shallow depths to provide heating and cooling to buildings. However, the utilisation of groundwater for heating and cooling, especially in large scale (district level), can create a thermal plume around injection wells. If a plume reaches the production well this may result in a decrease in the system performance or even failure in the long-term operation. This research aims to investigate the impact of GWHP usage in district-level heating by using a numerical approach and considering a GWHP system being constructed in Colchester, UK as a case study, which will be the largest GWHP system in the UK. Transient 3D simulations have been performed pre-construction to investigate the long-term effect of injecting water at 5°C, into a chalk bedrock aquifer. Modelling suggests a thermal plume develops but does not reach the production wells after 10 years of operation. The model result can be attributed to the low hydraulic gradient, assumed lack of interconnecting fractures, and large (>500m) spacing between the production and injection wells. Model validation may be possible after a period operational monitoring.</p>

scholarly journals Nonlinear Creep Model of Deep Gangue Backfilling Material and Time-Dependent Characteristics of Roof Deformation in Backfilling Mining

Geofluids ◽  
2020 ◽  
Vol 2020 ◽  
pp. 1-10
Author(s):  
Peng Huang ◽  
Jixiong Zhang ◽  
Qi Zhang ◽  
Ntigurirwa Jean Damascene ◽  
Yuming Guo
Keyword(s):  
Large Scale ◽  
High Stress ◽  
Viscoelastic Model ◽  
Creep Model ◽  
Mine Pressure ◽  
Nonlinear Creep ◽  
Viscoelastic Foundation ◽  
The Impact ◽  
Roof Deformation

With the gradual increase in mining depth of coal resource exploitation, deep backfilling mining has effectively solved the impact of strong deep mine pressure and strong mining disturbances. However, after deep backfilling mining, the backfilling material is subjected to high stress for a long time, and its viscoelasticity has a significant impact on the roof control effect. This paper uses a large-scale bulk confinement test device to analyze the viscoelastic properties of gangue, establishes a high-precision fractional viscoelastic creep model, and identifies the gangue parameters. The established fractional viscoelastic model was used as the foundation model of the beam, and the roof model based on the fractional viscoelastic foundation was solved. The top deformation characteristics of elastic foundation and fractional foundation were compared and analyzed, and the time effect, viscoelastic effect, and order effect of the fractional order viscoelastic foundation beam were discussed. The results show that the viscosity of gangue increased under the action of deep high stress. As time increased, the roof deformation also increased. In order to more effectively control the long-term deformation of the roof, the viscosity coefficient of the backfilling material should be greater than 20 MPa. This research provides relevant guidance for the requirements of backfilling materials for deep backfilling mining and the prediction of long-term dynamic deformation of the roof in underground excavations.

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