Exchange rate pass-through: evidence based on vector autoregression with sign restrictions

We estimate exchange rate pass-through (PT) into import, producer and consumer price indexes for nine OECD countries, using a method proposed by Uhlig (2005). In a Vector Autoregression (VAR) model, we identify the exchange rate shock by imposing restrictions on the signs of impulse responses for a small subset of variables. These restrictions are consistent with a large class of theoretical models and previous empirical findings. We find that exchange rate PT is less than one at both short and long horizons. Among three price indexes, exchange rate PT is greatest for import price index and smallest for consumer price index. In addition, greater exchange rate PT is found in an economy which has a smaller size, higher import share, more persistent exchange rate, more volatile monetary policy, higher inflation rate, and less volatile aggregate demand.Vector autoregression ; Price indexes ; Consumer price indexes

Pinning control of fractional-order weighted complex networks

In this paper, we consider the pinning control problem of fractional-order weighted complex dynamical networks. The well-studied integer-order complex networks are the special cases of the fractional-order ones. The network model considered can represent both directed and undirected weighted networks. First, based on the eigenvalue analysis and fractional-order stability theory, some local stability properties of such pinned fractional-order networks are derived and the valid stability regions are estimated. A surprising finding is that the fractional-order complex networks can stabilize itself by reducing the fractional-order q without pinning any node. Second, numerical algorithms for fractional-order complex networks are introduced in detail. Finally, numerical simulations in scale-free complex networks are provided to show that the smaller fractional-order q, the larger control gain matrix D, the larger tunable weight parameter , the larger overall coupling strength c, the more capacity that the pinning scheme may possess to enhance the control performance of fractional-order complex networks

Degree correlation effect of bipartite network on personalized recommendation

In this paper, by introducing a new user similarity index base on the diffusion process, we propose a modified collaborative filtering (MCF) algorithm, which has remarkably higher accuracy than the standard collaborative filtering. In the proposed algorithm, the degree correlation between users and objects is taken into account and embedded into the similarity index by a tunable parameter. The numerical simulation on a benchmark data set shows that the algorithmic accuracy of the MCF, measured by the average ranking score, is further improved by 18.19% in the optimal case. In addition, two significant criteria of algorithmic performance, diversity and popularity, are also taken into account. Numerical results show that the presented algorithm can provide more diverse and less popular recommendations, for example, when the recommendation list contains 10 objects, the diversity, measured by the hamming distance, is improved by 21.90%.Comment: 9 pages, 3 figure

Pressure induced superconductivity bordering a charge-density-wave state in NbTe4 with strong spinorbit coupling

Transition-metal chalcogenides host various phases of matter, such as charge-density wave (CDW), superconductors, and topological insulators or semimetals. Superconductivity and its competition with CDW in low-dimensional compounds have attracted much interest and stimulated considerable research. Here we report pressure induced superconductivity in a strong spin-orbit (SO) coupled quasi-one-dimensional (1D) transition-metal chalcogenide NbTe$_4$, which is a CDW material under ambient pressure. With increasing pressure, the CDW transition temperature is gradually suppressed, and superconducting transition, which is fingerprinted by a steep resistivity drop, emerges at pressures above 12.4 GPa. Under pressure $p$ = 69 GPa, zero resistance is detected with a transition temperature $T_c$ = 2.2 K and an upper critical field $H_{c2}$= 2 T. We also find large magnetoresistance (MR) up to 102\% at low temperatures, which is a distinct feature differentiating NbTe$_4$ from other conventional CDW materials.Comment: https://rdcu.be/LX8

Multiobjective synchronization of coupled systems

Copyright @ 2011 American Institute of PhysicsSynchronization of coupled chaotic systems has been a subject of great interest and importance, in theory but also various fields of application, such as secure communication and neuroscience. Recently, based on stability theory, synchronization of coupled chaotic systems by designing appropriate coupling has been widely investigated. However, almost all the available results have been focusing on ensuring the synchronization of coupled chaotic systems with as small coupling strengths as possible. In this contribution, we study multiobjective synchronization of coupled chaotic systems by considering two objectives in parallel, i. e., minimizing optimization of coupling strength and convergence speed. The coupling form and coupling strength are optimized by an improved multiobjective evolutionary approach. The constraints on the coupling form are also investigated by formulating the problem into a multiobjective constraint problem. We find that the proposed evolutionary method can outperform conventional adaptive strategy in several respects. The results presented in this paper can be extended into nonlinear time-series analysis, synchronization of complex networks and have various applications