Estimation of Precautionary Demand by Financial Anxieties

Pioneering work of modelling financial anxieties was given by Kimura et al (1999) as psychological change of people due to financial shocks. Since they regressed financial position (easy or tight) by nonstationary interest rate, their results exhibit high peaks not only in financial crisis period of 1997 and 1998, but also in the bubble economy period of 1987 to 1989, which seems to be a spurious regression. Furthermore, defining financial anxieties as the conditional variance in TARCH model, one of estimated coefficients did not satisfy sign condition. We got rid of these difficulties by introducing a growth rate model, where a change of financial position (toward ''tight'') under a change of interest rate (toward ''fall'') is regarded as financial anxieties. Such anxieties are quantified by conditional variance of EGARCH model and shown to be stationary. Precautionary demand caused by financial anxieties is estimated in VEC model and it is shown that money adjusted by precautionary demand satisfies a long-run equilibrium relationship in the system (adjusted money, real GDP, interest rate) even in the interval 1980q1 to 2003q2.financial anxieties, precautionary demand, cointegration, EGARCH

Nuclear Reactions: A Challenge for Few- and Many-Body Theory

A current interest in nuclear reactions, specifically with rare isotopes concentrates on their reaction with neutrons, in particular neutron capture. In order to facilitate reactions with neutrons one must use indirect methods using deuterons as beam or target of choice. For adding neutrons, the most common reaction is the (d,p) reaction, in which the deuteron breaks up and the neutron is captured by the nucleus. Those (d,p) reactions may be viewed as a three-body problem in a many-body context. This contribution reports on a feasibility study for describing phenomenological nucleon-nucleus optical potentials in momentum space in a separable form, so that they may be used for Faddeev calculations of (d,p) reactions.Comment: to appear in the Proceedings of HITES 2012: Conference on `Horizons of Innovative Theories, Experiments, and Supercomputing in Nuclear Physics', June 4-7, 2012, New Orleans, Louisian

Transport criticality of the first-order Mott transition in a quasi-two-dimensional organic conductor, κ\kappa-(BEDT-TTF)2_{2}Cu[N(CN)2_{2}]Cl

An organic Mott insulator, $\kappa$-(BEDT-TTF)$_{2}$Cu[N(CN)$_{2}$]Cl, was investigated by resistance measurements under continuously controllable He gas pressure. The first-order Mott transition was demonstrated by observation of clear jump in the resistance variation against pressure. Its critical endpoint at 38 K is featured by vanishing of the resistive jump and critical divergence in pressure derivative of resistance, $|\frac{1}{R}\frac{\partial R}{\partial P}|$, which are consistent with the prediction of the dynamical mean field theory and have phenomenological correspondence with the liquid-gas transition. The present results provide the experimental basis for physics of the Mott transition criticality.Comment: 4 pages, 5 figure

Resonant inelastic x-ray scattering probes the electron-phonon coupling in the spin-liquid kappa-(BEDT-TTF)2Cu2(CN)3

Resonant inelastic x-ray scattering at the N K edge reveals clearly resolved harmonics of the anion plane vibrations in the kappa-(BEDT-TTF)2Cu2(CN)3 spin-liquid insulator. Tuning the incoming light energy at the K edge of two distinct N sites permits to excite different sets of phonon modes. Cyanide CN stretching mode is selected at the edge of the ordered N sites which are more strongly connected to the BEDT-TTF molecules, while positionally disordered N sites show multi-mode excitation. Combining measurements with calculations on an anion plane cluster permits to estimate the sitedependent electron-phonon coupling of the modes related to nitrogen excitation

FE analysis on tube hydroforming of small diametr ZM21 magnesium alloy tube

Tube hydroforming (THF) is one of the plasticity processing methods. Tubular parts, for instance automotive components are expanded by forces such as internal pressure and axial compression in order to deform an objective shape. THF has less restriction on shape and size of workpieces owing to adopting the liquid tool. The demand of a small diameter magnesium alloy tubular parts have been increased for applying small medical and electronic devices. In this study, it was investigated that influence of process conditions such as processing temperature, internal pressure and axial feeding amount on formability of small diameter ZM21 magnesium alloy tube with outer diameter of 2.0mm and thickness of 0.20mm. Furthermore, the processing conditions for improving the formability of material in THF were examined. For prior evaluation of deformation characteristics in the warm THF of small diameter ZM21 magnesium alloy tube, a finite element (FE) simulation was conducted. The FE method (FEM) code was used LS-DYNA 3D for analysis of the FE model of the tube and the dies. The material characteristics were obtained by tensile test and fracture test. From FE analysis results, it was elucidated that effect of the processing temperature, the variable internal pressure and the axial feeding amount on deformation behavior. The formability of ZM21 magnesium alloy tube was improved by processing at 250 C. The difference of deformation characteristic between FE results and experimental results was compared. As the results, the processing condition which could improve the formability of ZM21 tube was clarified using this FE model. The effect of adding the straightening stage in the loading path after the preform on formability was investigated. The thinning of the wall thickness of the tube was inhibited by calibration after the axial feeding

Frustrated Spin System in theta-(BEDT-TTF)_2RbZn(SCN)_4

The origin of the spin gap behavior in the low-temperature dimerized phase of theta-(BEDT-TTF)_2RbZn(SCN)_4 has been theoretically studied based on the Hartree-Fock approximation for the on-site Coulomb interaction at absolute zero. Calculations show that, in the parameter region considered to be relevant to this compound, antiferromagnetic ordering is stabilized between dimers consisting of pairs of molecules coupled with the largest transfer integral. Based on this result an effective localized spin 1/2 model is constructed which indicates the existence of the frustration among spins. This frustration may result in the formation of spin gap.Comment: 4 pages, 5 figures, to be published in J. Phys. Soc. Jpn. 67 (1998) no.

NMR Evidence for Antiferromagnetic Transition in the Single-Component Molecular Conductor, [Au(tmdt)_{2}] at 110 K

We present the results of a ^{1}H NMR study of the single-component molecular conductor, [Au(tmdt)_{2}]. A steep increase in the NMR line width and a peak formation of the nuclear spin-lattice relaxation rate, 1/T_{1}, were observed at around 110 K. This behavior provides clear and microscopic evidences for a magnetic phase transition at considerably high temperature among organic conductors. The observed variation in 1/T_{1} with respect to temperature indicates the highly correlated nature of the metallic phase.Comment: 5pages, 6figures to be published in J. Phys. Soc. Jp

Development of a common carp (Cyprinus carpio) pregnane X receptor (cPXR) transactivation reporter assay and its activation by azole fungicides and pharmaceutical chemicals.

This is the author accepted manuscript. The final version is available from Elsevier via the DOI in this record.In mammals, the pregnane X receptor (PXR) is a transcription factor with a key role in regulating expression of several genes involved in drug biotransformation. PXR is present in fish and some genes known to be under its control can be up-regulated by mammalian PXR ligands. Despite this, direct involvement of PXR in drug biotransformation in fish has yet to be established. Here, the full length PXR sequence was cloned from carp (Cyprinus carpio) and used in a luciferase reporter assay to elucidate its role in xenobiotic metabolism in fish. A reporter assay for human PXR (hPXR) was also established to compare transactivation between human and carp (cPXR) isoforms. Rifampicin activated hPXR as expected, but not cPXR. Conversely, clotrimazole (CTZ) activated both isoforms and was more potent on cPXR, with an EC50 within the range of concentrations of CTZ measured in the aquatic environment. Responses to other azoles tested were similar between both isoforms. A range of pharmaceuticals tested either failed to activate, or were very weakly active, on the cPXR or hPXR. Overall, these results indicate that the cPXR may differ from the hPXR in its responses and/or sensitivity to induction by different environmental chemicals, with implications for risk assessment because of species differences.JC was funded by a Biotechnology and Biological Sciences Research Council Case studentship supported by AstraZeneca UK Ltd. (grant reference BB/G529332), and co-supported by the AstraZeneca Safety Health and Environment Research Program. AL was supported by grants from the Natural Environment Research Council (NE/D002818/1 and NE/E016634/1) and DEFRA awarded to CRT. Defra (UK) funded a research visit of SM to the University of Exeter under the UK-J programme. COS-7 cells were a gift from Inês Castro, University of Exeter. AstraZeneca Ltd. develops, produces, and markets a wide range of pharmaceutical agents

Anisotropic charge dynamics in the quantum spin-liquid candidate κ\kappa-(BEDT-TTF)2_2Cu2_2(CN)3_3

We have in detail characterized the anisotropic charge response of the dimer Mott insulator $\kappa$-(BEDT-TTF)$_2$\-Cu$_2$(CN)$_3$ by dc conductivity, Hall effect and dielectric spectroscopy. At room temperature the Hall coefficient is positive and close to the value expected from stoichiometry; the temperature behavior follows the dc resistivity $\rho(T)$. Within the planes the dc conductivity is well described by variable-range hopping in two dimensions; this model, however, fails for the out-of-plane direction. An unusually broad in-plane dielectric relaxation is detected below about 60 K; it slows down much faster than the dc conductivity following an Arrhenius law. At around 17 K we can identify a pronounced dielectric anomaly concomitantly with anomalous features in the mean relaxation time and spectral broadening. The out-of-plane relaxation, on the other hand, shows a much weaker dielectric anomaly; it closely follows the temperature behavior of the respective dc resistivity. At lower temperatures, the dielectric constant becomes smaller both within and perpendicular to the planes; also the relaxation levels off. The observed behavior bears features of relaxor-like ferroelectricity. Because heterogeneities impede its long-range development, only a weak tunneling-like dynamics persists at low temperatures. We suggest that the random potential and domain structure gradually emerge due to the coupling to the anion network.Comment: 14 pages, 13 figure