Showing 1481 - 1490 of 5709 Items
Vertical Trade, Exchange Rate Pass-Through, and Exchange Rate Regime
Date: 2012-09-01
Creator: Yao Tang, Ke Pang
Access: Open access
- We compare the welfare of different combinations of monetary and currency policies in an open-economy macroeconomic model that incorporates two important features of many small economies: a high level of vertical international trade and a prevalent use of a large trade partner's currency as the invoicing currency for both imports and exports. In this environment, a small economy prefers a fixed exchange rate regime over a flexible regime, while the larger economy prefers a flexible exchange rate regime. There are two main causes underlying our results. First, in the presence of sticky prices, relative prices adjust through changes in the exchange rate. Multiple stages of production and trade make it more difficult for one exchange rate to balance the whole economy by adjusting several relative prices throughout the vertical chain of production and trade. Namely, there is a trade-off between delivering an efficient relative price between home and foreign final goods and delivering an efficient relative price between home and foreign intermediate goods. Second, because the small economy uses the larger economy's currency in trade, it faces a high degree of exchange rate pass-through under a flexible regime and hence suffers from the lack of efficient relative prices in vertical trade. The larger economy, however, does not face this problem because its level of exchange rate pass-through is low.
Bowdoin College Catalogue (1959-1960)
Date: 1960-01-01
Access: Open access
- Bowdoin College Bulletin no. 334
The moment of inertia of the binary pulsar J0737-3039A: Constraining the nuclear equation of state
Date: 2004-01-01
Creator: I.A. Morrison, T.W. Baumgarte, S.L. Shapiro, V.R. Pandharipande
Access: Open access
Bowdoin College Catalogue (1930-1931)
Date: 1931-01-01
Access: Open access
- Bowdoin College Bulletin no. 193
Investigating the Effect of Side Chains with Hydrogen Bonding Capabilities on Peptoid Catalysts for Enantioselective Trifluoromethylation of 4-Chlorobenzaldehyde Access to this record is restricted to members of the Bowdoin community. Log in here to view.
- Restriction End Date: 2025-06-01
Date: 2020-01-01
Creator: Rebecca Londoner
Access: Access restricted to the Bowdoin Community
The combinatorial effects of temperature and salinity on the nervous system of the American lobster, Homarus americanus
Date: 2024-01-01
Creator: Katrina Carrier
Access: Open access
- The ability of nervous systems to maintain function when exposed to global perturbations in temperature and salinity is a non-trivial task. The nervous system of the American lobster (H. americanus), a marine osmoconformer and poikilotherm, must be robust to these stressors, as they frequently experience fluctuations in both. I characterized the effects of temperature on the output of the pyloric circuit, a central pattern generator in the stomatogastric nervous system (STNS) that controls food filtration and established the maximum temperature that neurons in this circuit can withstand without “crashing” (ceasing to function but recovering when returned to normal conditions). I established a range of saline concentrations that did not cause the system to crash, and then determined whether combinatorial changes in temperature and salinity concentrations alter the maximum temperature the system tolerated. Even as burst frequency increased as temperature increased, phase constancy was observed. Interestingly, the system crashed at higher temperatures upon exposure to lower saline concentrations and lower temperatures in higher saline concentrations. I also established the range of saline concentrations that the lobster’s whole heart and cardiac ganglion (CG), the nervous system that controls the lobster’s heartbeat, can withstand. Then, I examined whether exposure to altered salinity and elevated temperature alters the crash temperature of the whole heart and CG. The CG crashed at higher temperatures than the whole heart in each saline concentration. Like the STNS, the whole heart and CG both crashed at higher temperatures in lower saline concentrations and higher temperatures in lower saline concentrations.
Beyond Religion: Reframing Liberal Democracy’s Treatment of Exemptions Within the Public-Private Separation This record is embargoed.
- Embargo End Date: 2027-05-16
Date: 2024-01-01
Creator: Julianna Brown
Access: Embargoed
Group-theory constraints on color-ordered four-point amplitudes in SO(N) gauge-theories Access to this record is restricted to members of the Bowdoin community. Log in here to view.
Date: 2024-01-01
Creator: Athis Osathapan
Access: Access restricted to the Bowdoin Community