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This paper examines inflation indicators for the euro area by studying the relationship between inflation, output, money and interest rates, using data spanning 1980—2001. The central finding is that both the output gap and the real money gap (the difference between the real money stock and the long-run equilibrium real money stock) contain considerable(More)
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This paper estimates the effects of technology shocks in structural VAR models of the United States, Japan and West Germany, imposing restrictions on the sign of impulse responses. These restrictions are motivated with explicit priors on the parameters of a dynamic stochastic general equilibrium (DSGE) model encompassing both real and nominal frictions. In(More)
The paper rst investigates Newton-type methods for generalized equations with compact solution sets. The analysis of their local convergence behavior is based, besides other conditions, on the upper Lipschitz-continuity of the local solution set mapping of a simply perturbed generalized equation. This approach is then applied to the KKT conditions of a(More)
Nitrogen uptake and metabolism are central for vegetative and reproductive plant growth. This is reflected by the fact that nitrogen can be remobilized and reused within a plant, and this process is crucial for yield in most annual crops. A population of 146 recombinant inbred barley lines (F(8) and F(9) plants, grown in 2000 and 2001), derived from a cross(More)
Although an involvement of metabolic signals in the regulation of plant senescence has been demonstrated in a range of studies, the exact signalling pathways remain largely unresolved. For leaves, evidence supports a role of sugar accumulation in the initiation and/or acceleration of senescence. However, regulation of senescence or ageing may respond to(More)
Most of the nitrogen harvested with the seeds of annual crops is remobilized and retranslocated within the plant between anthesis and plant death. While chloroplasts contain most of the reduced nitrogen present in photosynthetically active leaf cells, the (major) pathway(s) involved in the degradation of their proteins prior to the retranslocation of the(More)
Regulatory processes controlling traits such as anthesis timing and whole-plant senescence are of primary importance for reproductive success and for crop quality and yield. It has previously been demonstrated that the presence of alleles associated with high grain protein content (GPC) at a locus on barley chromosome six leads to accelerated leaf(More)
Timing of various developmental stages including anthesis and whole-plant ('monocarpic') senescence influences yield and quality of annual crops. While a correlation between flowering/seed filling and whole-plant senescence has been observed in many annuals, it is unclear how the gene networks controlling these processes interact. Using near-isogenic(More)
This paper presents preliminary findings and is being distributed to economists and other interested readers solely to stimulate discussion and elicit comments. The views expressed in the paper are those of the authors and are not necessarily reflective of views at the Federal Reserve Bank of New York or the Federal Reserve System. Any errors or omissions(More)