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Power in wind turbines are traditionally controlled by varying the pitch angle at high wind speeds in region 3 of the wind turbine operation. The pitch angles controllers are normally driven by electrical or hydraulic actuators. The motivation of this research is to design and implement a pitch...
Persistent link: https://www.econbiz.de/10012651933
This paper analyzes an infinite horizon dynamic duopoly with stochastic demand in which firms face costs of absorbing and processing information. Our main result is that the structure of dates at which firms choose to absorb information differ starkly between price and quantity competition....
Persistent link: https://www.econbiz.de/10010294646
We study the synchronization of credit booms and busts among 12 major European economies and the United States between … credit cycle synchronization. …
Persistent link: https://www.econbiz.de/10011301350
This paper examines the degree of trade integration and business cycle synchronisation between eight Balkan countries and the Euro area over the period 2000:1-2011:4. The main findings are that Slovenia and the Former Yugoslav Republic of Macedonia exhibit a high level of openness relative to...
Persistent link: https://www.econbiz.de/10011310264
Since the 1990s, the issue of regional income convergence and its long term tendencies has been thoroughly and heatedly discussed. Much less attention, however, has been devoted to the short-run dynamics of regional convergence. In particular, three important aspects have not yet been adequately...
Persistent link: https://www.econbiz.de/10011336229
We analyze the role of fiscal policy and intra-European trade in business cycle synchronization in the EU for the … between trade integration and cyclical synchronization are subject to endogeneity problems. We instrument fiscal budget … trade integration are important determinants of cyclical synchronization. We can conclude that once a high degree of trade …
Persistent link: https://www.econbiz.de/10011345634
We introduce tools to capture the dynamics of three different pathways, in which the synchronization of human decision …
Persistent link: https://www.econbiz.de/10011996649
Business cycle synchronization represents a condition for the successful implementation of the common monetary policy … within the Economic and Monetary Union. There is a tight relation between business cycle synchronization and the economic … factors which influence the synchronization of the economic fluctuations of the economies in the Euro area. A second objective …
Persistent link: https://www.econbiz.de/10012017017
We study the extent of global inflation synchronization using a dynamic factor model in a large set of countries over a … emerging market and developing economies) and to analyze commonalities in inflation synchronization across a wide range of … 2001. Second, inflation synchronization has also become more broad-based: while it was previously much more pronounced …
Persistent link: https://www.econbiz.de/10012060220
, Poland and Slovakia makes it possible to assess the degree of business cycle synchronization between the countries. …
Persistent link: https://www.econbiz.de/10011922451