When uncertain about inflation persistence, central banks are well-advised to adopt a robust strategy when setting interest rates. This robust approach, characterized by a "better safe than sorry" philosophy, entails incurring a modest cost to safeguard against a protracted period of deviating inflation. Applied to the post-pandemic period of exceptional uncertainty and elevated inflation, this strategy would have called for a tightening bias. Specifically, a high level of uncertainty surrounding wage, profit, and price dynamics requires a more front-loaded increase in interest rates compared to a baseline scenario which the policymaker fully understands how shocks to those variables are transmitted to inflation and output. This paper provides empirical evidence of such uncertainty and estimates a New Keynesian Dynamic Stochastic General Equilibrium (DSGE) model for the euro area to derive a robust interest rate path for the ECB which serves to illustrate the case for insuring against inflation turning out to have greater persistence.
This paper focuses on negative interest rate policies and covers a broad range of its effects, with a detailed discussion of findings in the academic literature and of broader country experiences.
This book provides a comprehensive introduction to the metallographic study of ancient metals. Metallography is important both conceptually as a microstructural science and in terms of its application to the study of ancient and historic metals. Metallography is a well-established methodology for the characterization of the microstructure of metals, which continues to be significant today in quality control and characterization of metallic properties. Not only does the metallographic examination of ancient metals present its own challenges in terms of sample size and interpretation of evidence, but it must be integrated with archaeological data and cultural research in order to obtain the most meaningful results. Issues of authentication and the establishment of fakes and forgeries of metallic artefacts often involve metallographic evidence of both metal and patina or corrosion interface, as an essential component of such a study. The present volume sets out the basic features of relevant metallic systems, enhanced with a series of examples of typical microstructural types, with illustrative case studies and examples throughout the text derived from studies undertaken by the two authors. This book provides a comprehensive presentation of metallography for archaeologists, archaeometallurgists, conservators, conservation scientists and metallurgists of modern materials.
The companion to The Seven Cities of the Apocalypse and Roman Culture, this study explores the social world in which early Christians functioned in Asia, providing a comprehensive picture of life in this eastern province of the Roman Empire and focusing on how the local environment affects the interpretation of the book of Revelation. The history, population, local culture, economies, and cults of each city are examined in detail. Including data from hundreds of sources, this volume should prove useful to students of both the Bible and Roman history, as it bridges the gap between the two specialties and provides many details that enable the reader to imagine what life would really have been like in those ancient cities. As such, this study provides a valuable supplement to the broader question of Rome’s general impact upon the region traced in the Roman Culture volume. Although there are many works on the subject, this is the only place where all the information is pulled together. It is a useful resource for Scripture scholars, nonprofessionals with an interest in Bible study, professors and students of Scripture, and historians specializing in the first century CE.
Created from part of the Chickasaw Nation, Indian Territory, Murray County is an area of Oklahoma rich in resources and heritage. The 420 square miles of rolling hills and fields were home to several different groups and tribes of Native Americans, as well as an abundance of bison and other wild animals. During the early twentieth century, thousands of tourists testified to the healing powers of the free-flowing springs, flocking to the area. The Arbuckle Mountains, Turner Falls, Platt National Park, the Chickasaw National Recreation Area, and the Lake of the Arbuckles also draw visitors each year. Combining scenes of community and family life, industries, commerce, catastrophes, and celebrations with lively commentary, this book illustrates the history that shaped Murray County in a way that is both entertaining and educational.
What is secular biblical criticism? 'Secularism and Biblical Studies' presents a selection of essays that examine the nature of secular biblical studies and its hermeneutical principles. The essays outline and analyse debates within biblical studies over the issue of secularism and explore the interplay of atheism, agnosticism and faith in the interpretation of the Bible. The book argues for a hermeneutics of suspicion and a wider engagement with cultural, literary and anthropological disciplines. Examining biblical hermeneutics from a range of perspectives - from Europe, Israel and the USA - 'Secularism and Biblical Studies' offers a provocative and challenging approach that will be of interest to all students and scholars of the Bible.
Frequency Assignment and Network Planning for Digital Terrestrial Broadcasting Systems focuses on Digital Audio Broadcasting and Digital Video Broadcasting. The author provides a concise introduction to the subject and presents principles, concepts and commonly accepted methods used in the planning process. The frequency assignment material focuses on allotment planning while network planning is dealt with mainly from a network optimization perspective. All methods introduced and mathematical tools presented are fully explained. General concepts are illustrated with the help of several planning scenarios both for frequency assignment and network planning. Frequency assignment and network planning are vital issues throughout most of Europe and North America as a direct consequence of the increasing demand for digital communication systems.
Economic realities have been increasingly at the center of discussion of the New Testament and early church. Studies have tended to be either apologetic in tone, or haphazard with regard to economic theory, or both‒‒either imagining the ancients as involved in “primitive” economic relationships, or else projecting the modern capitalist preoccupation with markets and the enterprising individual back onto first-century realities. Roland Boer and Christina Petterson blaze a new trail, relying on the expansive work on the Roman economy of G. E. M. de Ste. Croix (who was relatively uninterested in the New Testament, however) and on the theoretical framework of the Regulation school. Theoretically flexible and responsive to historical data, Regulation theory gives appropriate regard to the centrality of agriculture in the ancient world and finds economic instability to be the norm, except for brief episodes of imposed stability. Boer and Petterson find the Roman world in crisis as slavery expands, transforming the agricultural economy so that slave estates could supply the needs of the polis. Successive chapters describe aspects of the economic crisis in the first century and turn at last to understand the ideological role played by nascent Christianity.
In Red Theology: On the Christian Communist Tradition, Roland Boer presents key moments in the 2,000 year tradition of Christian communism. Defined by the two features of alternative communal practice and occasional revolutionary action, Christian communism is predicated on profound criticism of the way of the world. The book begins with Karl Kautsky – the leading thinker of second-generation Marxism – and his oft-ignored identification of this tradition. From there, it offers a series of case studies that deal with European instances, the Russian Revolution, and to East Asia. Here we find the emergence of Christian communism not only in China, but also in North Korea. This book will be a vital resource for scholars and students of religion and the many aspects of socialist tradition.
A survey which shows that the rise of capitalist theory was shaped by the way different economic philosophers - Smith, Hobbes, Grotius, Malthus, Locke - read the Bible. This book shows that the Bible was central to the theorization and economic thought of these key thinkers as it explores the distinct problems each sought to overcome.
“To understand the immediate cultural and societal background of the cities to which John wrote in Revelation 1 and 2, we must first understand the broader background of Roman civilization and its impact upon Asian province,” writes Roland H. Worth in the introduction to this fascinating, information-packed work. It is an in-depth study of the history, culture, society, economics, and environment of early Christians living in Roman Asia. Drawing on a multitude of resources from diverse disciplines, Worth surveys Roman life and attitudes in general, and demonstrates how Roman power developed and was exercised in Asia. He describes life in Roman Asia: what it was like to live in that province, how the imperial cult grew and prospered there, as well as the nature of official governmental persecution in the first century. A second book, The Seven Cities of the Apocalypse and Greco-Asian Culture, will fill in the details of the local background of the Christians for whom the “mini-epistles” in the book of Revelation were written.
Criticism of Earth thoroughly reassesses Marx and Engels’s engagement with theology, drawing on largely ignored texts. Thus, alongside ‘opium of the people’, Hegel’s philosophy of law, and the Feuerbach theses, other works are also central. These include Marx’s early pieces on theology, continual transformations of fetishism, and lengthy treatments of Bruno Bauer and Max Stirner. Engels too is given serious attention, since he moved beyond Marx in appreciating theology’s revolutionary possibilities. Engels’s Calvinism is discussed, his treatments of biblical criticism and theology, and his later writings on early Christianity’s revolutionary nature. The book continues the project for a renewed and enlivened interaction between Marxism and religion, being the fourth of five volumes in the Criticism of Heaven and Earth series.
Exploring more than 500 years of the country's history, Italy provides readers interested in modern Italy or European history with a greater understanding of Italy's past, from the Renaissance to the present. This guide presents the milestones in Italy's history in an interesting and readable way.
The book describes a hypothesis on the origin of life on earth. It assumes that the microcosmic molecular basis of life arose by adaptation to the overlaying macrocosmic astronomical rhythms impacting on the earth. Viewed from the earth these rhythms appear as the 'course' of the sun, the moon and the starry sky. They generate the time cycles of the 24 hour day, of the month and the year and, together, are united in a 'joint rhythm circle' by a fourth rhythm, the 19 years lasting lunisolar cycle (Meton cycle). The basic structure of the Chinese Book of Changes (I Ging) was also derived from the macrocosmic astronomical rhythms impacting on the earth. These rhythms and the resulting 'cyclical time' of the earth were observed by early Chinese and used for creating the Book of Changes as a symbolical microcosmic representation of the macrocosmic rhythms. Therefore, the molecular basis of life and the basic structure of the I Ging resemble each other. According to the presented approach, the basis of life is a microcosmic 'copy' of the macrocosmic rhythms. This provides a simple explanation for the unity of macro- and microcosm in the sense that the microcosm includes the macrocosmic pattern of order in itself.
Winner of the 2014 Isaac and Tamara Deutscher Memorial Prize. In the Vale of Tears brings to a culmination the project for a renewed and enlivened debate over the interaction between Marxism and religion. It does so by offering the author's own response to that tradition. It simultaneously draws upon the rich insights of a significant number of Western Marxists and strikes out on its own. Thus, it argues for the crucial role of political myth on the Left; explores the political ambivalence at the heart of Christianity; challenges the bent among many on the Left to favour the unexpected rupture of kairós as a key to revolution; is highly suspicious of the ideological and class alignments of ethics; offers a thorough reassessment of the role of fetishism in the Marxist tradition; and broaches the question of death, unavoidable for any Marxist engagement with religion. While the book is the conclusion to the five-volume series, The Criticism of Heaven and Earth, it also stands alone as a distinct intervention in some burning issues of our time.
Roland Worth's study of Jesus' Sermon on the Mount traces the roots of Jesus' teaching to the precepts of the Torah and Prophets. This is a comprehensive work for those who seek a deeper knowledge of the Bible.
Digital Terrestrial Broadcasting Networks approachs the existing framework for digital terrrestrial broadcasting, particularly the results of the Regional Radiocommunication Conference held in 2006. That conference established a new frequency plan for Europe, Africa and parts of Asia for digital terrestrial broadcasting. The book introduces the currently existing terrestrial broadcasting systems as well as the regulatory framework by which they can begin operating. Most importantly the book explains details of the GE06 Agreement, particularly Articles 4 and 5. It also discusses the frequency plan itself and the constraints it has been derived under. The book addresses the implementation of the GE06 Plan, which leads directly to all issues related to network planning and optimization of networks. Finally, the future development of the Plan and the digital dividend is addressed. This covers issues like sharing the UHF spectrum with mobile communication services and also touches upon the World Radio Conference 07 to be held in the fall in Geneva.
A source of practical information relating to the powers, rights and duties of personal representatives responsible for handling an estate. It adopts a problem-solving approach, taking the reader through the stages of obtaining a grant of probate, with advice on all administrative aspects.
A profile of ancient Egypt during the second millennium B.C.E. explores the development of Egyptian rites and mythology, religion, architecture, and political intrigues of such pharoahs as Hatshepsut, Rameses, and Tutankhamun.
This is the long-awaited text on interdisciplinary treatment and assessment of, among other clinical topics, brain-derived behavioral, cognitive, and neurological disorders...." --Niels Birbaumer, PhD University of T ̧bingen, Germany Member of the German Academy of Sciences, Leopoldina "Gone is the unidimensional approach of the expert summarizing a topic from a single vantage point. Instead, the content shifts laterally, embracing not only interdisciplinary expertise, but an integrative way of thinking that transcends each discipline....What makes the Handbook so refreshing is that this cross pollination of ideas and approaches is more than novel theorizing. It offers clinicians a new way forward." --Anthony Feinstein, MD, MPhil, PhD, FRCP University of Toronto To maintain the highest standards, allied health care practitioners must keep pace with evolving trends in diagnostics, interventions, and methodologies. This book supports clinicians by disseminating important perspectives, research, and procedures. It provides an integrative roadmap that fosters interdisciplinary cooperation. Key Features: Presents reviews of research on a broad selection of clinical disorders Includes a wide range of established and emerging diagnostic and intervention approaches Discusses viable evidence-based alternative treatment methods Critiques certain approaches, paradigms, and practices that may need to be revised Includes contributions from renowned psychologists, psychiatrists, and researchers Clinicians, researchers, and students will find this book a valuable source for interdisciplinary practice and research. It facilitates a sorely needed move toward integrative practice in an era in which specialization pervades.
When uncertain about inflation persistence, central banks are well-advised to adopt a robust strategy when setting interest rates. This robust approach, characterized by a "better safe than sorry" philosophy, entails incurring a modest cost to safeguard against a protracted period of deviating inflation. Applied to the post-pandemic period of exceptional uncertainty and elevated inflation, this strategy would have called for a tightening bias. Specifically, a high level of uncertainty surrounding wage, profit, and price dynamics requires a more front-loaded increase in interest rates compared to a baseline scenario which the policymaker fully understands how shocks to those variables are transmitted to inflation and output. This paper provides empirical evidence of such uncertainty and estimates a New Keynesian Dynamic Stochastic General Equilibrium (DSGE) model for the euro area to derive a robust interest rate path for the ECB which serves to illustrate the case for insuring against inflation turning out to have greater persistence.
This paper focuses on negative interest rate policies and covers a broad range of its effects, with a detailed discussion of findings in the academic literature and of broader country experiences.
We reconsider the design of welfare-optimal monetary policy when financing frictions impair the supply of bank credit, and when the objectives set for monetary policy must be simple enough to be implementable and allow for effective accountability. We show that a flexible inflation targeting approach that places weight on stabilizing inflation, a measure of resource utilization, and a financial variable produces welfare benefits that are almost indistinguishable from fully-optimal Ramsey policy. The macro-financial trade-off in our estimated model of the euro area turns out to be modest, implying that the effects of financial frictions can be ameliorated at little cost in terms of inflation. A range of different financial objectives and policy preferences lead to similar conclusions.
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