Do Long-Term Interest Rates Overreact to Short-Term Interest Rates?

macroeconomics, interest rates, short-term, long-term

Nonsteady flow-direction measurement

Nonsteady flow probe uses miniature pressure transducers mounted within probe support very close to tube inlets. Response speed depends on internal volume between tube inlet and pressure transducer location

Sensitivity of 8B breakup cross section to projectile structure in CDCC calculations

Given the Astrophysical interest of $^7$Be$(p,\gamma)^8$B, there have been several experiments applying the Coulomb dissociation method for extracting the capture rate. Measurements at Michigan State are dominated by $E1$ contributions but have a small $E2$ component. On the other hand, a lower energy measurement at Notre Dame has a much stronger $E2$ contribution. The expectation was that the two measurements would tie down the $E2$ and thus allow for an accurate extraction of the $E1$ relevant for the capture process. The aim of this brief report is to show that the $E2$ factor in breakup reactions does not translate into a scaling of the $E2$ contribution in the corresponding capture reaction. We show that changes to the $^8$B single particle parameters, which are directly related to the $E2$ component in the capture reaction, do not effect the corresponding breakup reactions, using the present reaction theory.Comment: 4 pages, 6 figures, revtex

Extracting (n,g) direct capture cross sections from Coulomb dissociation: application to 14^{14}C(n,γ\gamma)15^{15}C

A methodology for extracting neutron direct capture rates from Coulomb dissociation data is developed and applied to the Coulomb dissociation of 15C on 208Pb at 68 MeV/nucleon. Full Continuum Discretized Coupled Channel calculations are performed and an asymptotic normalization coefficient is determined from a fit to the breakup data. Direct neutron capture calculations using the extracted asymptotic normalization coefficient provide $(n,\gamma)$ cross sections consistent with direct measurements. Our results show that the Coulomb Dissociation data can be reliably used for extracting the cross section for 14C(n,g)15C if the appropriate reaction theory is used. The resulting error bars are of comparable magnitude to those from the direct measurement. This procedure can be used more generally to extract capture cross sections from breakup reactions whenever the desired capture process is fully peripheral.Comment: submitted to Phys. Rev. C (R

Understanding low energy reaction with exotic nuclei

Recent developments on the understanding of low energy reactions are highlighted. Emphasis is given to the CDCC framework where the breakup channels of the projectile are included explicitly. Properties of the breakup couplings are presented. Comments are given with regard to the separation between the nuclear and the Coulomb contributions to breakup cross sections as well as the dependence on the optical potentials. A discussion on the sensitivity of the CDCC basis is discussed, by comparing pure breakup results with transfer to the continuum calculations. Finally, some remaining controversies show the need to go beyond the single particle picture for the projectile.Comment: Proceedings from 'Nuclei at the limits', ANL 26-30 July 2004, 6 pages and 8 figure

Are Tax Cuts Really Expansionary?

In this paper, we re-examine the standard analysis of the short-run effect of a personal tax cut. If consumer spending generates more money demand than other components of GNP, then tax cuts may, by increasing the demand for money, depress aggregate demand. We examine a variety of evidence and conclude that the necessary condition for contractionary tax cuts is probably satisfied for the U.S. economy.