Books on the topic 'Combined Micro- and Macro-model'

One of the pillars of modern science, statistical mechanics, owes much to one man, the Austrian physicist Ludwig Boltzmann (1844–1906). As a result of his unusual working and writing styles, his enormous contribution remains little read and poorly understood. The purpose of this book is to make the Boltzmann corpus more accessible to physicists, philosophers, and historians, and so give it new life. The means are introductory biographical and historical materials, detailed and lucid summaries of every relevant publication, and a final chapter of critical synthesis. Special attention is given to Boltzmann’s theoretical tool-box and to his patient construction of lofty formal systems, even before their full conceptual import could be known. This constructive tendency largely accounts for his lengthy style, for the abundance of new constructions, for the relative vagueness of their object, and for the puzzlement of commentators. This book will help the reader cross the stylistic barrier and see how ingeniously Boltzmann combined atoms, mechanics, and probability to invent new bridges between the micro- and macro-worlds.

This study simulates the macro-micro economic impacts of the employment policy, focusing on hysteresis in youth unemployment in South Africa. Specifically, we apply a dynamic computable general equilibrium model to calibrate the 2015 South African Social Accounting Matrix to estimate, compare, and determine the impact of employment policy on youth unemployment as well as on aggregate economic outcomes. We simulate two scenarios where we reduce the import price of fuel by 20 per cent. Then, the total government savings from the reduced transport subsidy are reallocated to the education sector to support the unemployed youth. The research findings indicate that demand for youth labour increases in the long run, resulting in a decline in the unemployment rate. Moreover, the consumer price index decreased more than nominal income, thereby increasing household purchasing power and, potentially, easing poverty.

The EBA Guidelines on loan origination and monitoring (hereinafter "GL LOM") undoubtedly represent a substantially new piece of the banking regulatory framework. In fact, for the first time, the regulator moves into a topic that was traditionally outside the scope of financial regulation, so far almost exclusively focused on aspects directly linked to both micro- and macro-prudential stability, notably through capital and liquidity management requirements and guidelines on Business Model and Internal Governance. The credit management process, and in particular loan origination and monitoring, has always been typically considered as a business issue under sole responsibility of banks, as it is considered one of the "core" processes (if not the "core" process) of the banking business. As a matter of fact, since the issue of the capital requirement regulation (i.e., Basel II and Basel III), and the introduction of the use requirements for the rating systems, the regulator moved very close, but not yet, to prescribe specific credit assessment criteria, while dictating methodological and organizational requirements for the authorization of the rating systems, and leaving substantial freedom to banks to define their own models and embedded assessment criteria and indicators. With the GL LOM, the regulator takes a further step, remarkably beyond its traditional remit, dictating principles and rules for the evaluation of the credit quality of borrowers. The starting point for this new approach from the regulator can be found in the ECB guidelines on Non-Performing Loans, later endorsed by the Bank of Italy Guidelines for Less Significant Banks, aimed at encouraging banks to define their NPL management processes and establish reduction plans to achieve NPL ratio targets in line with the regulator's expectations. Consistently with the focus on NPL, the regulation on Calendar Provisioning, amending the CRR was issued; as being a Regulation, it involves all banks, and not only significant ones (for which the ECB Addendum also applies). In addition, the new definition of default (the so-called "new Dod") has defined stricter criteria for the transition of exposures to the default status and also made the return of "cured" exposures to the performing status more difficult. The combined effect of these regulatory changes has been to make the default of counterparties not only more probable but also much more "expensive" for the banks. The natural “next step” of these regulatory changes was to "move backward" into the management process covering loan origination and monitoring . The EBA's stated objective with the issuance of the GL LOM is to define "robust and prudent" standards of lending practices so as to maintain a low level of NPLs in the future. Therefore, the focus of the GL LOM is the definition of requirements (some outlined as prescriptions, others in terms of principles) for the creditworthiness assessment of counterparties and for the management of the related data and information. Notwithstanding the fact that the Final Report has articulated the principle of proportionality much more clearly as compared to the Consultation Paper, the GLs set out three macro-categories of counterparties for which specific requirements are defined: • Individuals • Micro and small businesses • Medium and large companies. The GL LOM also provide recommendations about the valuation of guarantees both at origination and during ongoing monitoring, encouraging the use of advanced statistical models. The GL LOM focus on real estate guarantees, while financial collateral is outside the scope of the GL LOM. In the mind of the regulator, the GL LOM should not only reflect industry practices, but also incorporate the latest supervisory guidance on lending, and provide the stimulus to include ESG, AML/CTF and the use of innovative technologies into banking origination and, where applicable, monitoring processes.

This chapter discusses the potentials of a computer-based macroanalytic approach to the study of literature. It first compares macroanalysis to macroeconomics as opposed to microeconomics, which can be seen as analogous to the study of individual texts via “close readings” whereas macroeconomics is about the study of the entire economy. It then proposes a blended approach that combines the macro and micro scales and promises a new, enhanced, and better understanding of the literary record. It also explains how macroanalysis yields specific insights into some important literary historical questions and considers the distinct advantages of a macroanalytic approach over the more traditional practice of studying literary periods and genres. The chapter concludes with an overview of the book's exploration of macroanalysis and its argument that literary studies should be approached not simply as an examination of seminal works but as an examination of an aggregated ecosystem or “economy” of texts.

This is the first of two chapters discussing the most notorious problem facing Russellian monism: the combination problem. This is actually a family of difficulties, each reflecting the challenge of how to make sense of everyday human and animal experience intelligibly arising from more fundamental conscious or protoconscious features of reality. Key challenges facing panpsychist and panpsychist forms of Russellian monism are considered. With respect to panprotopsychism, there is the worry that it collapses into noumenalism: the view that human beings, by their very nature, are unable to understand the concrete, categorical nature of matter. With respect to panpsychism, there is the subject-summing problem: the difficulty making sense of how micro-level conscious subjects combine to produce macro-level conscious subjects. A solution to the subject-summing problem is proposed, and it is ultimately argued that panpsychist forms of the Russellian monism are to be preferred on grounds of simplicity and elegance.

This book is a sequel to Contemporary grandparenting, published in 2012 (Arber and Timonen, 2012). Both macro and micro level issues are covered, with a particular focus on gender, welfare states, economic development, and grandparental agency; this ensures that the book covers many topic areas of greatest relevance and interest. It emphasises that grandparenting takes many diverse forms and cannot be reduced to a small number of ‘types’. Grandparenting has evolved considerably, and continues to evolve, as a result of both socio-demographic and economic influences, and grandparents’ own agency. The book contains analyses of topics that have so far received relatively little attention, such as transnational grandparenting and gender differences in grandparenting practices. It is the only collection that brings together theory-driven research on grandparenting from a wide variety of cultural and welfare state contexts - including chapters on Europe, North America, Africa, Asia and Australia - drawing broad lines of debate as well as outlining country-level analyses. The book therefore combines up-to-date empirical findings with new theorising that will be relevant to academics, researchers, students, and experts working in the realms of family and old-age policy and practice.

In an assessment of the distinctive British contribution to the study of policy networks, the chapter reviews, first, the micro-level of analysis: group dynamics, and social network analysis. Second, it examines the meso-level of analysis: interorganizational analysis, subgovernments, and intergovernmental relations. Third, it looks at the macro-level of analysis: political economy, and neo-pluralism. It assesses the British contributions looking at the Rhodes model, the ESRC’s government–industry relations initiative. The chapter suggests that we disaggregate and explore subsectoral variations, extend the analysis to the EU, and provide more case studies of networks ‘in action’. The article was written in 1990. The Afterword reflects on the success of the concept, which has become the standard fare of textbooks.

Social scientific efforts to understand the political and economic forces generating precarious employment have been mired in uncertainty. In this context, the Doellgast–Lillie–Pulignano (D–L–P) model represents an important step forward in both theoretical and empirical terms. This concluding chapter scrutinizes the authors’ theoretical model and assesses the present volume’s empirical applications of it. Building on the strengths of the D–L–P model, the chapter identifies several lines of analysis that can fruitfully extend our understanding of the dynamics of precarization, whether at the micro-, meso-, or macro-social levels of analysis. Especially needed are studies that explore the dynamics of organizational fields as these shape employer strategy and state policy towards employment. Such analysis will hopefully shed light on the perils and possibilities that workers’ organizations face as they struggle to cope with the demands of neoliberal capitalism.

With the increase of the proportion of the population reaching retirement age in relation to that of working age, extensive research has been conducted to understand the retirement process and to promote older adults’ well-being in retirement. In this chapter, we aim to link the theoretical concepts of retirement to the research literature on prosocial behavior. First, we provide an overview of the current conceptualizations of prosocial behavior and retirement. Second, we introduce three main areas of prosocial behavior engagement in retirement (i.e., prosocial behavior in postretirement employment, in the family context, and in the community). Third, we present a comprehensive model of the antecedents and outcomes of prosocial behavior in retirement, covering factors at the micro, meso, and macro levels. Finally, we offer suggestions to advance future research investigating prosocial behavior in retirement.

This chapter considers the extent to which it is still meaningful to conceptualize pro-drop phenomena in parametric terms, introducing a three-factors model in which parameters are emergent, not UG-given. Within this model, it seems possible to distinguish macro, meso, and micro pro-drop systems. The attested systematic variation in even the most familiar instantiations of these putative types, however, raises questions about existing parametric accounts of the acquisition and typological relationship between these systems. Drawing on parallels with a neo-emergentist account of word-order variation, the chapter argues for an approach assuming interdependent parameters (a parameter-hierarchy) where the ‘size’ and precise formal specification of pro-drop in individual grammars is determined by the way the model’s three factors interact, with different formal features playing potentially parallel roles in different systems. The typological picture is thus more variation-rich than previously assumed, but this variation exhibits the kind of cross-linguistic systematicity a parametric approach predicts.

This chapter discusses a step in the evolution of agent-based model (ABM) research in finance. Agent-based modeling has concentrated on the development of stylized market models, which have been extremely useful for understanding how complex macro-scale phenomena emerge from micro-rules. In order to further develop ABMs from proof of concept into robust tools for policy makers, to control and forecast complex real-world financial markets, it is essential to permit agents to behave as active data-gathering decision makers with sophisticated learning capabilities. The main focus of this chapter is to show how agent based models (ABMs) in financial markets have evolved from simple zero- intelligence agents that follow arbitrary rules of thumb into sophisticated agents described by microfounded rules of behavior. The chapter then briefly looks at the challenges posed by and approaches to model calibration and provides examples of how ABMs have been successful at offering useful insights for policy making.

This chapter analyzes how the German tradition of corporate liberalism has shaped policy outcomes in fiscal policy, labor-market policy, and financial regulation since the early 1990s. After German reunification and in the wake of the fiscal-policy strictures of the Maastricht Treaty, German authorities developed reform strategies designed to support economic growth, reduce unemployment, and modernize their financial systems. In so doing, they rejected neoliberal prescriptions in favor of policies that sheltered and subsidized core groups in their export-based growth model, in particular skilled workers and employers in export sectors, internationally competitive SMEs, and economically strategic financial institutions. In all three policy areas, reform trajectories of both Left and Right reflected corporate-liberal commitments to a supportive role for the state, the privileging of mesoeconomic policy instruments between macro and micro levels, and an emphasis on core groups as central political-economic constituencies, often at the expense of peripheral or unincorporated outsiders.

Os textos produzidos na denominada América Portuguesa (1500-1822) abrangem os mais variados campos das letras ocidentais – lírica, épica, dramaturgia, historiografia, epistolografia, parenética, lexicografia, etc. – e seguem um modelo retórico-poético e teológico-político comum, próprio das Letras do Ancien Régime. Manuscritos e impressos escritos em várias línguas (português, principalmente, mas também em latim, castelhano, francês, italiano, tupi-guarani, língua geral, etc.), por um número de autores considerável (Pero Vaz de Caminha, José de Anchieta, Antônio Vieira, Francisco Manuel de Melo, Gregório de Matos, Manoel Botelho de Oliveira, Sebastião da Rocha Pita, Basílio da Gama, Antônio da Costa Peixoto, Francisco Alves de Sousa, etc.), corriam com avidez entre os leitores. São justamente esses textos, esses autores e esses leitores os que conformam o sistema cultural das Letras na América Portuguesa. A historiografia brasileira, portuguesa e inclusive internacional tem se debruçado há já vários decênios no estudo dos Estados do Brasil e do Maranhão e Grão-Pará, tanto de um ponto de vista micro-histórico como macro-histórico, salientando-se nos últimos tempos a sua relação com o resto do mundo, no âmbito próprio da global history. Nos últimos decênios, ao mesmo tempo, a literatura vem perdendo, paulatinamente, o seu poder de conhecimento legitimador das elites culturais de uma nação. Esse esquecido «Parnaso Brasileiro» mantinha, no entanto, um fluido diálogo cultural com Lisboa assim como com outras cidades europeias, diálogo esse que os processos de formação das literaturas exclusivamente nacionais, brasileira e/ou portuguesa, vieram apagar ou até mesmo ignorar. No espaço hermenêutico próprio dos Atlantic Studies, recuperam-se, neste livro, as Letras escritas e lidas na América Portuguesa, estudam-se seus autores, interpretam-se textos escolhidos e indaga-se tanto sobre seus primeiros leitores, como sobre seus leitores de ontem e de hoje. Um conjunto de docentes do Brasil, de Portugal, da Alemanha e da Espanha discute textos de Vaz de Caminha, Ambrósio Fernandes Brandão, Antônio Vieira, Botelho de Oliveira, Basílio da Gama, Antônio da Costa Peixoto e Santa Rita Durão, entre outros. Die in der sogenannten »América Portuguesa« (1500-1822) entstandenen Texte gehören zu verschiedensten Diskursformen der westlichen Literatur und Kultur: Lyrik, Epik, Dramaturgie, Historiographie, Epistolographie, Homiletik, Lexikographie usw. Sie folgen einem gemeinsamen rhetorisch-poetischen und theologisch-politischen Modell, das charakteristisch für die Texte des Ancien Régime war. Manuskripte und Drucke in verschiedenen Sprachen (hauptsächlich Portugiesisch, aber auch Latein, Spanisch, Französisch, Italienisch, Tupi-Guarani, Língua Geral etc.) von einer beachtlichen Anzahl von Autoren (Pero Vaz de Caminha, José de Anchieta, Antônio Vieira, Francisco Manuel de Melo, Gregório de Matos, Manoel Botelho de Oliveira, Sebastião da Rocha Pita, Basílio da Gama, Antônio da Costa Peixoto, Francisco Alves de Sousa usw.) fanden eine umfassende Leserschaft. All diese Elemente - Texte, Autoren und Leserschaft – bilden das System der »Letras« in der »América Portuguesa«. Die brasilianische, portugiesische und sogar die internationale Geschichtsschreibung konzentriert sich seit mehreren Jahrzehnten auf das Studium der Kolonialstaaten Brasil und Maranhão e Grão-Pará sowohl aus mikro- als auch aus makrohistorischer Sicht. Gleichzeitig verliert die Literatur in den letzten Jahrzehnten allmählich die Funktion, das Wissen der kulturellen Eliten einer Nation zu legitimieren. Der aktuell wenig beachtete »Parnaso Brasileiro« unterhielt einen intensiven kulturellen Dialog mit Lissabon wie auch mit anderen europäischen Städten, einen Dialog, der der Ausbildung ausschließlich nationaler Literaturen, brasilianischer und/oder portugiesischer, wenig Stellenwert einräumte oder sie sogar ignorierte. Im hermeneutischen Raum, den die Atlantic Studies eröffnen, erschließt dieses Buch die in der »América Portuguesa« geschriebenen und gelesenen Texte, beschäftigt sich mit ihren Autoren, interpretiert ausgewählte Texte und fragt nach ihren ersten Lesern sowie nach ihren Leserinnen und Lesern gestern und heute. Eine Gruppe von Wissenschaftlerinnen und Wissenschaftlern aus Brasilien, Portugal, Deutschland und Spanien diskutiert Texte u.a. von Vaz de Caminha, Ambrósio Fernandes Brandão, Antônio Vieira, Botelho de Oliveira, Basílio da Gama, Antônio da Costa Peixoto und Santa Rita Durão. The texts produced in the so-called “América Portuguesa” (1500-1822) cover the most varied fields of Western Literature and Culture – lyric, epic, dramaturgy, historiography, epistolography, homiletics, lexicography, etc. – and follow a common rhetorical-poetic and theological-political model, typical for the Ancien Régime. Manuscripts and prints were written in various languages (Portuguese, mainly, but also Latin, Spanish, French, Italian, Tupi-Guarani, Língua Geral, etc.), by a considerable number of authors (Pero Vaz de Caminha, José de Anchieta, Antônio Vieira, Francisco Manuel de Melo, Gregório de Matos, Manoel Botelho de Oliveira, Sebastião da Rocha Pita, Basílio da Gama, Antônio da Costa Peixoto, Francisco Alves de Sousa, etc.) found a broad reception by readers. Precisely, these texts, these authors and these readers constituted the literary system in the “América Portuguesa”. Brazilian, Portuguese, and even international historiography has focused for several decades on the study of the colonial states Brasil and Maranhão e Grão-Pará, both from a micro-historical and macro-historical point of view, emphasizing recently their relationship with the rest of the world in the context of global history. Currently, literature is gradually losing its power of legitimising knowledge of the cultural elites of a nation. This forgotten “Parnaso Brasileiro” maintained, however, a fluid cultural dialogue with Lisbon as well as with other European cities, a dialogue that the formation of exclusively national literatures, Brazilian and/or Portuguese, came to neglect or even ignore. In the hermeneutic space opened up by the Atlantic Studies, this book deals with texts written and read in the “América Portuguesa”, studies its authors, interprets selected works and inquires both about its first readers and about its readers yesterday and today. A group of scholars from Brazil, Portugal, Germany and Spain discusses texts by Vaz de Caminha, Ambrósio Fernandes Brandão, Antônio Vieira, Botelho de Oliveira, Basílio da Gama, Antônio da Costa Peixoto and Santa Rita Durão, among others.