Uncertainty about the riskiness of new financial products was an important factor behind the U.S. credit crisis. We show that a boom-bust cycle in debt, asset prices and consumption characterizes the equilibrium dynamics of a model with a collateral constraint in which agents learn "by...

Accidents forecast of various nature with sufficient economic damage, maximal loss enhancement, elimination of their consequences is a national wide problem It is an important concern of authorities and all levels management In order to solve this problem we need a forecast system for...

Probabilistic design of wind turbines requires definition of the structural elements to be included in the probabilistic basis: e.g., blades, tower, foundation; identification of important failure modes; careful stochastic modeling of the uncertain parameters; recommendations for target...

The suprachiasmatic nucleus (SCN) of the hypothalamus is the mammalian circadian pacemaker that plays a dominant role in the generation and control of daily physiological and behavioral rhythms. The coupling of the SCN neuronal activity with the solar day–night cycle and the intercellular...