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Buffer stock saving and the life-cycle/permanent income hypothesis

by Christopher D. Carroll - Quarterly Journal of Economics , 1997
"... This paper argues that the typical household’s saving is better described by a “bufferstock” version than by the traditional version of the Life Cycle/Permanent Income Hypothesis (LC/PIH) model. Buffer-stock behavior emerges if consumers with important income uncertainty are sufficiently impatient. ..."
Abstract - Cited by 467 (19 self) - Add to MetaCart
. In the traditional model, consumption growth is determined solely by tastes; in contrast, buffer-stock consumers set average consumption growth equal to average labor income growth, regardless of tastes. The model can explain three empirical puzzles: the “consumption/income parallel ” of Carroll and Summers [1991

Consumption Over the Life Cycle

by Pierre-olivier Gourinchas, Jonathan A. Parker, Chris Carroll, Charles Fleischman, Franco Modigliani, Steve Pischke, Nicholas Souleles - Econometrica , 1995
"... This paper employs a synthetic cohort technique and Consumer Expenditure Survey data to construct average age-profiles of consumption and income over the working lives of typical households across different education and occupation groups. Even after controlling for family and cohort effects, ty ..."
Abstract - Cited by 357 (17 self) - Add to MetaCart
This paper employs a synthetic cohort technique and Consumer Expenditure Survey data to construct average age-profiles of consumption and income over the working lives of typical households across different education and occupation groups. Even after controlling for family and cohort effects

Non-oscillatory central differencing for hyperbolic conservation laws

by Haim Nessyahu, Eitan Tadmor - J. COMPUT. PHYS , 1990
"... Many of the recently developed high-resolution schemes for hyperbolic conservation laws are based on upwind differencing. The building block of these schemes is the averaging of an approximate Godunov solver; its time consuming part involves the field-by-field decomposition which is required in orde ..."
Abstract - Cited by 298 (25 self) - Add to MetaCart
Many of the recently developed high-resolution schemes for hyperbolic conservation laws are based on upwind differencing. The building block of these schemes is the averaging of an approximate Godunov solver; its time consuming part involves the field-by-field decomposition which is required

On-line Fingerprint Verification

by Anil Jain, Lin Hong, Ruud Bolle - IEEE Transactions on Pattern Analysis and Machine Intelligence , 1997
"... Abstract—Fingerprint verification is one of the most reliable personal identification methods. However, manual fingerprint verification is so tedious, time-consuming, and expensive that it is incapable of meeting today’s increasing performance requirements. An automatic fingerprint identification sy ..."
Abstract - Cited by 300 (32 self) - Add to MetaCart
Abstract—Fingerprint verification is one of the most reliable personal identification methods. However, manual fingerprint verification is so tedious, time-consuming, and expensive that it is incapable of meeting today’s increasing performance requirements. An automatic fingerprint identification

Developments in the Measurement of Subjective Well-Being

by Daniel Kahneman , Alan B Krueger - Psychological Science. , 1993
"... F or good reasons, economists have had a long-standing preference for studying peoples' revealed preferences; that is, looking at individuals' actual choices and decisions rather than their stated intentions or subjective reports of likes and dislikes. Yet people often make choices that b ..."
Abstract - Cited by 284 (7 self) - Add to MetaCart
desire loses some of its appeal. Direct reports of subjective well-being may have a useful role in the measurement of consumer preferences and social welfare, if they can be done in a credible way. Indeed, economists have already made much use of subjective well-being data. From 2001 to 2005, more than

Optimal Monetary Policy in a Currency Area

by Pierpaolo Benigno , 2001
"... This paper investigates how monetary policy should be conducted in a two-region, general equilibrium model with monopolistic competition and price stickiness. This framework delivers a simple welfare criterion based on the utility of the consumers that has the usual tradeoff between stabilizing infl ..."
Abstract - Cited by 248 (3 self) - Add to MetaCart
This paper investigates how monetary policy should be conducted in a two-region, general equilibrium model with monopolistic competition and price stickiness. This framework delivers a simple welfare criterion based on the utility of the consumers that has the usual tradeoff between stabilizing

ECOSystem: Managing Energy as a First Class Operating System Resource

by Heng Zeng, Carla S. Ellis, Alvin R. Lebeck, Amin Vahdat , 2002
"... Energy consumption has recently been widely recognized as a major challenge of computer systems design. This paper explores how to support energy as a first-class operating system resource. Energy, because of its global system nature, presents challenges beyond those of conventional resource managem ..."
Abstract - Cited by 221 (5 self) - Add to MetaCart
management. To meet these challenges we propose the Currentcy Model that unifies energy accounting over diverse hardware components and enables fair allocation of available energy among applications. Our particular goal is to extend battery lifetime by limiting the average discharge rate and to share

Powernap: Eliminating server idle power

by David Meisner, Brian T. Gold, Thomas F. Wenisch - In International Conference on Architectural Support for Programming Languages and Operating Systems (ASPLOS , 2009
"... Data center power consumption is growing to unprece-dented levels: the EPA estimates U.S. data centers will con-sume 100 billion kilowatt hours annually by 2011. Much of this energy is wasted in idle systems: in typical deployments, server utilization is below 30%, but idle servers still con-sume 60 ..."
Abstract - Cited by 219 (4 self) - Add to MetaCart
Data center power consumption is growing to unprece-dented levels: the EPA estimates U.S. data centers will con-sume 100 billion kilowatt hours annually by 2011. Much of this energy is wasted in idle systems: in typical deployments, server utilization is below 30%, but idle servers still con-sume

Managing Multi-Configurable Hardware via Dynamic Working Set Analysis

by Ashutosh S. Dhodapkar, James E. Smith - In 29th Annual International Symposium on Computer Architecture , 2002
"... Microprocessors are designed to provide good average performance over a variety of workloads. This can lead to inefficiencies both in power and performance for individual programs and during individual phases within the same program. Microarchitectures with multi-configuration units (e.g. caches, pr ..."
Abstract - Cited by 192 (3 self) - Add to MetaCart
Microprocessors are designed to provide good average performance over a variety of workloads. This can lead to inefficiencies both in power and performance for individual programs and during individual phases within the same program. Microarchitectures with multi-configuration units (e.g. caches

The Effects of the Corporate Average Fuel Efficiency Standards", Working paper

by Pinelopi Koujianou Goldberg , 1997
"... This paper examines the effects of the Corporate Average Fuel Economy Standards (CAFE) on the automobile product mix, prices, and fuel consumption. To this end, first a discrete choice model of automobile demand and a continuous model of vehicle utilization are estimated using micro data from the Co ..."
Abstract - Cited by 133 (0 self) - Add to MetaCart
This paper examines the effects of the Corporate Average Fuel Economy Standards (CAFE) on the automobile product mix, prices, and fuel consumption. To this end, first a discrete choice model of automobile demand and a continuous model of vehicle utilization are estimated using micro data from
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